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- Give the three reasons that explain why the division of labor increases an economys level of production.You just got a job in Washington, D.C. You moveinto an apartment with some acquaintances. All yourroommates, however, are slackers and do not clean upafter themselves. You, on the other hand, can clean fasterthan each of them. You determine that you are 70%faster at dishes and 10% faster with vacuuming. All ofthese tasks have to be done daily. Which jobs shouldyou assign to your roommates to get the most free timeoverall? Assume you have the same number of hours todevote to cleaning. Now, since you are faster, you seemto get done quicker than your roommate. What sortsof problems may this create? Can you imagine a traderelated analogy to this problem?Describe the similarities and differencesbetween the markets for land and capital and themarket for labor.Describe the similarities and differencesbetween the markets for land and capital and themarket for labor.
- b what are w's also p's:openvellu mathxl.com/Student/PlayerHomework.aspx?homeworkld=611294898&questionld 1Gmail ITMG 1B Econ 2100 三 Homework: Basics ... Question 10, 1.1 Questio... く onomic If Arif can make 20 pizzas or 10 cakes in one day, the opportunity cost of O A. 1 pizza is half a cake. O B. 2 pizzas is 2 cakes. O C. 2 pizzas is 4 cakes. O D. 1 pizza is 2 cakes. O E. one half a pizza is 2 cakes. st.5 The doctrine of comparative advantoge was first put forth by aved put of Select one: O a John Maynard Keynes b. David Ricardo O C. Adam Smith O d Ricky Ricardo Clear my choice
- The following table shows the production possibilities for the country of Erewhon: A CDEF Wine 10 18 24 28 30 Cheese 40 28 18 10 4 0 What is the total cost of producing the first 10 units of wine? O a. 24 units of cheese O b. 28 units of cheese O c. 12 units of cheese O d. 6 units of cheese B.B-D please thank you! If yo can't do B just c and d then, pleaseDavid and Morgan are farmers. Each one owns an 18-acre plot of land. The following table shows the amount of zucchini and watermelon each farmer can produce per yea on a given acre. Each farmer chooses whether to devote a acres to producing zucchini or watermelon or to produce zucchini on some of the land and watermelon on the rest. David Morgan 180 162 On the following graph, use the blue line (circle symbol) to p David's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Morgan's PPF. 144 126 100 90 72 54 36 18 0 David Zucchini (Pounds per acre) 12 18 0 Morgan Watermelon (Pounds per acre) 6 90 180 270 360 450 540 630 720 810 900 ZUCCHINI (Pounds) -O David's PPF Morgan's PPF has an absolute advantage in the production of zucchin has an absolute advantage in the production of watermelon. ? is David's opportunity cost of producing 1 pound of waterme pounds of zucchini, whereas Morgan's opportunity cost of producing 1 pound of watermelon is pounds…
- why is the market for recycled aluminium good and the market for plastic bad in the US? Depict this with a firm input choice model. I understand that recycled plastic decreases in qualiy everytime it is recycled while aluminium does not and can be recylced without the decrease in quality, but I dont know how to depict this graphicallyWould an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?