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Refer to Figure 2 5 the opportunity cost of this economy moving from point A to point B is

Solved: 10 20 30 40 50 60 70 80 Washe's X= Washers - X2 Yz

Question 68 1 pts Figure 2-5 Baseball 30 60 90 120 150 180 210 240 270 300 330 dananas Refer to Figure 2-5. The opportunity cost of this economy moving from point A to point Cis zero. 75 baseballs. 125 baseballs. 125 baseballs and 240 bananas, 240 bananas 168. Refer to Figure 2-5. The opportunity cost of this economy moving from point D to point B is a. zero. b. 50 baseballs. c. 60 bananas. d. 50 baseballs and 60 bananas. ANS: A DIF: 2 REF: 2-1 NAT: Analytic LOC: Understanding and applying economic models TOP: Production possibilities frontier | Opportunity cost MSC: Applicative Figure 2-6 A B C. The opportunity cost of moving from point U to point R is a. 60 bushels of apples. b. 80 bushels of apples. c. 80 sweaters. d. 160 sweaters. Refer to Figure 2-5. This economy cannot currently produce 70 washers and 70 dryers because a. it is not using all of its resources Refer to Figure 2 5 The opportunity cost of this economy moving from point D to from ECON 2301 at Houston Community College. The opportunity cost of this economy moving from point D to point B is a. zero. b. 50 soccer balls. c. Refer to Figure 2-7. Point K represents an outcome in which a. production is inefficient. b

Refer to Figure 2-5. The opportunity cost of this economy moving from point D to point B is. a. zero. b. 50 soccer balls. c. 60 sweaters. d. 50 soccer balls and 60 sweaters. ANS: A. Decks in Intro to Microeconomics - Exam 1 Class (13): Chapter 1 Chapter 5 The opportunity cost of this economy moving from point I to point H is A. 120 pillows. This is higher than India's opportunity cost of producing bananas. B. 2.5 units of rice. This is lower than India's opportunity cost of producing bananas. Refer to Figure 3-15. The opportunity cost of 1 novel for Perry is A. 2 poems. B. 12 poems. C. 6. b. decreases. c. remains constant. d. first decreases and then increases. ANSWER: a 79. Refer to Exhibit 2-5. The opportunity cost of moving from point A to point B is approximately a. 5,000. 4.The opportunity cost of moving from f to c is 3.The opportunity cost of moving from d to b is 7 Bikes. 4 Computer. 0 Computers. 5.What can you say about point G? Unattainable. 1. The opportunity cost of moving from a to b i 2 5) Economists refer to things that have already been produced that are in turn used to produce other goods and services as A) land. B) labor. C) entrepreneurship. Answer: D Diff: Y qual to what is sacrificed to get it is known as the A) marginal principle. B) principle of opportunity cost. C) principle of diminishing returns. D) reality.

Figure 2-5 ! 33. Refer to Figure 2-5. This economy cannot currently produce 70 washers and 70 dryers because a. it is not using all of its resources. b. it is not using the most efficient production process. c. it does not have the resources and technology to produce that level of output. d. All of the above are correct. ANSWER: c 34. Refer to. ____ 11. Refer to Figure 2-8. What is the opportunity cost of moving from point A to point B? a. 8 bathtubs b. 20 barrels c. the difference between the 8 bathtubs you get and the 20 barrels you give up d. the difference between the 20 barrels you get and the 8 bathtubs you give up Figure 3-2 ____ 12. Refer to Figure 3-2 The slope between points B and B′ is −2 pairs of skis/snowboard. Producing 1 additional snowboard at point B′ requires giving up 2 pairs of skis. We can think of this as the opportunity cost of producing an additional snowboard at Plant 1. This opportunity cost equals the absolute value of the slope of the production possibilities curve

Solved: Question 68 1 Pts Figure 2-5 Baseball 30 60 90 120

  1. Transcript. Opportunity cost is the value of something given up to obtain something else. In this video, we explore the definition of opportunity cost, how to calculate opportunity cost, and how the PPC illustrates opportunity cost. Created by Sal Khan. This is the currently selected item
  2. However, production of agricultural goods will fall by 2.5 million units from 17.5 million to 15 million. The 2.5 million units of agricultural products sacrificed is the opportunity cost of increasing production of non-agricultural goods. 5 Using a diagram, assess the effect that the discovery of new oil reserves might have on the PPC of this.
  3. 3) The principle of opportunity cost is that A) in a market economy, taking advantage of profitable opportunities involves some money cost. B) the economic cost of using a factor of production is the alternative use of that factor that is given up. C) taking advantage of investment opportunities involves costs
  4. that the figure could also be drawn with bags of peanuts on the horizontal axis. The slope of that budget line would be -2. The opportunity cost of one more candy bar is ½ of a bag of peanuts. The opportunity cost of one more bag of peanuts is 2 candy bars. These opportunity costs are constant. They can be found by comparing an
  5. A)point N B)point L C)point C D)point D 37) 38)In the above figure, which point represents an attainable but inefficient production point? A)point N B)point C C)point D D)point L 38) 39)A tradeoff is A)a constraint that requires giving up one thing to get another. B)represented by a point outside a PPF

Refer to Figure 2 5 The opportunity cost of this economy

Mortgage points come in two varieties: origination points and discount points. In both cases, each point is typically equal to 1% of the total amount mortgaged. On a $300,000 home loan, for. (b) In Canada, the opportunity cost of producing a ton of wheat 50 20 microchip is assumed to be fixed at 2.5 tons of wheat. Figure 2), and Japan specializes completely in microchip production (see point b on Canada's PPF in Figure 2). World output is now 100 tons of wheat and 120 microchips Similarly, the U.S. opportunity cost of 1 ton of grain is 2/5 car (4 divided by 10) and the Japanese opportunity cost of 1 ton of grain is 4/5 car (4 divided by 5). This gives the following table: Opportunity Cost of: 1 Car (in terms of tons of grain given up) 1 Ton of Grain (in terms of cars given up) U.S. 2 1/2 2/5 Japan 1 1/4 4/5 d In Figure 1, a country that selected point B (selected less consumption and more investments), would increase its resources (capital) faster than if it had selected point A. Therefore by selecting point B, a country would find its production possibility curve shifting outward faster than if it had choosen Point A

point B is {less, more, equal to} than _____.) Derive the same condition for Y. X is an inferior good if x-value of point B is more than 18. Y is an inferior good if y-value of point B is more than 13. e. From the graph, are X and Y complements or substitutes? Explain 2 5 Foreign 6 6 200 100 3 or 100 3 1 1 Notice, we have underlined the good for which each country has a comparative advantage. (a) Graph each country's production possibility frontier and calculate the opportunity cost of cheese in terms of wine. Which country has an absolute advantage in cheese produciton, which in wine production Moving from C to B, the next CD costs 1/2 of a bottle of water. 3.2 OPPORTUNITY COST Moving from B to A, the next CD costs 1 bottle of water. 3.2 OPPORTUNITY COST 3.2 OPPORTUNITY COST Opportunity Cost Is a Ratio The opportunity cost of a bottle of water is the quantity of CDs forgone divided by the increase in the quantity of water

MACRO EXAM 1 Flashcards Quizle

  1. Brainly is the knowledge-sharing community where 350 million students and experts put their heads together to crack their toughest homework questions
  2. 2.5. Government. As noted earlier, the government taxes only adult wages. w t R w t Y ≥ 1 1 − ε, which indicates that the wage premium in the design sector compensates for the opportunity cost of studying (the manufacturing wage). Note that if the shift in m L is large enough, the lower-growth equilibrium point B 1 may actually.
  3. Figure 2 13. Refer to Figure 2 . The price elasticity of demand between point A and point B, using the midpoint method, is a. 1. b. 1.5. c. 2. d. 2.5. 14. When the local used bookstore prices economics books at $15.00 each, they generally sell 70 books per month. If they lower the price to $7.00, sales increase to 90 books per month

Quiz 1 Flashcards by Jodene Hager Brainscap

  1. ____ 36. In Figure 3-2, a point such as E a. is not obtainable. b. is an efficient use of resources. c. represents an inefficient allocation of resources. d. indicates that the society is a capitalist society. Figure 3-6 ____ 37. In Figure 3-6 assume this economy is currently operating at point D. What is the opportunity cost of moving to B? a
  2. Econ 441 Alan Deardorff Problem Set 2 - Answers Gains and Ricardian Page 6 of 11 The 100 workers in the Food industry produce 100×1 = 100 units of Food per hour, while the 100 workers in Cloth produce 100×(1/3) = 33.3 units of Cloth per hour
  3. (d) See the dashed line in Diagram 1.1 below. The opportunity cost of producing extra services has increased (by 10 per cent): in other words, each extra unit of services produced involves a sacrifice of 10 per cent more goods than previously. Introduction: Boxes. Box I.1: The opportunity costs of studying economics. 1
  4. ator is an average rather than the old value. Using the mid-point method to calculate the elasticity between Point A and Point B
  5. Job Opportunities and School Enrollment: The Warehouse Hypothesis. Most previous research on the effects of labor market conditions on school enrollment is either explicitly or implicitly grounded in the so-called warehouse hypothesis (e.g., Grubb and Lazerson 1982; Shanahan, Miech, and Elder 1998; Walters 1984).The core idea of the hypothesis is that when economic conditions are favorable.
  6. In the economy shown, the interest rate must fall to r 2 to increase the quantity of money demanded to M′. Figure 25.12 An Increase in the Money Supply The Fed increases the money supply by buying bonds, increasing the demand for bonds in Panel (a) from D 1 to D 2 and the price of bonds to P b 2
  7. on all of those loans. Unit-of-account cost c. Joe has to keep changing prices at his gas station due to rapidly changing fuel prices. Menu cost 12. The cost of a market basket is $150 in Year 1, $120 in Year 2, and $200 in Year 3. Using a Year 3 base, the price index for Year 1 is and the price change is %

ECON 2302 EXAM #1: (Ch 1-4) Flashcards Quizle

Test Bank for Microeconomics 12th Edition by Arnold - Issu

a. Calculate return on equity [ROE], under each of the 3 economic scenarios before any debt is issued. Also calculate the %Δ in ROE for economic expansion and recession, assuming no taxes. Since the firm has a market-to-book value of 1.0, the total equity of the firm is equal to the market value of equity. ROE = NI/E = NI/$150,00 To see what pure impatience means, we compare two points on the same indifference curve in Figure 10.3b. At point A she has $50 now and $50 later. We ask how much extra consumption she would need to have later in order to compensate her for losing $1 now. Point B on the same indifference curve gives us the answer Therefore the relevant opportunity cost is 0.2 computers. Similarly, in China, an additional shirt also costs 1/100 worker-years that would have to come at the expense of the production of (1/100 * 10) = 0.1 fewer computers. Thus the relevant opportunity cost in China is 0.1 computers. (b) Suppose that America and China each have 100 workers

Country B 120 2 3 a) Draw the production possibility frontiers for each of these countries. b) Calculate their autarky relative prices of good X, p x /p y. A: autarky p x /p y = 30/60 = 0.50 B: autarky p x /p y = 40/60 = 0.6 e = -1,000(6/2,800) = -2.14 Sometimes you may be required to solve for quantity or price and are given a point price elasticity of demand measure.In this case you need to backwards solve by rearranging the point price elasticity of demand formula to get the quantity or price you need for the problem 5. Gender Pay Gaps. Throughout much of the 20th century, the average woman earned about 60% of what the average man earned. Starting in the late 1970s, there was a substantial increase in women's relative earnings, with women coming to earn about 80% of what men earned We can calculate the areas with some simple geometry. Recall, before the tariff, total trade was 20 bushels of wheat, but now it is 10. Also, notice the height of both triangles b and d is 0.25. Therefore, we have: b+d = 1 2 ×(20−10)×0.25 = 1.25 e = 10×0.25 = 2.5 ⇒ e−b−d = 1.25. Therefore, the overall welfare effect is positive output falls by 0.2. The slope of the last segment is -10, meaning the opportunity cost of a coconut is 10 fish. This implies the opportunity cost of one fish is 1/10 coconuts. This opportunity cost doesn't change for the relevant range here, so the opportunity cost of 2 fish is 2/10 coconuts

Test 1 Review: ECON 2301 Spring 2017 West Loop Cente

B. January variable expenses: Cost of flour, butter, sugar, and milk: $1,800; Total cost of labor: $500; Total January variable costs: $2,300 . If Amy did not know which costs were variable or fixed, it would be harder to make an appropriate decision. In this case, we can see that total fixed costs are $1,700 and total variable expenses are $2,300 Answers is the place to go to get the answers you need and to ask the questions you wan

Chapter 15, Building Partner Capacity Programs, provides policy and procedures for execution of Building Partner Capacity (BPC) programs, which encompass security cooperation and security assistance activities funded with U.S. Government appropriations and executed through existing security assistance automated systems using a pseudo Letter of Offer and Acceptance (LOA) The lack of effects from receiving an MTO voucher has been interpreted as evidence against the existence of neighborhood effects (Ludwig et al., 2008, 2013).One of the strongest assumptions required for these program effects to be informative about effects from neighborhood environments is that neighborhood poverty measures neighborhood quality (Aliprantis, 2017a) The second reason for limited price competition was the opportunity cost, given cinemas' production capacities. If the hypothetical cinema obtained a high-capacity film for a weekly rental of twelve hundred dollars, which sold all 39,200 spectator-hours, the cinema made a profit of $260 (($0.05 times 39,200) - $1,200 - $500 = $260) On a Baltic Sea-wide level, the abatement costs of the 0.1%S regulation seem to exceed the expected health benefits. In fact, the yearly costs (€465 M) are roughly four times the benefits (€105 M). This implies that the Sulphur Directive has an annual negative net present value of -€360 M

2.2 The Production Possibilities Curve - Principles of ..

2. a. The opportunity cost of something is what must be forgone to acquire it. b. The opportunity cost of running the hardware store is $550,000, consisting of $500,000 to rent the store and buy the stock and a $50,000 opportunity cost, since your aunt would quit her job as an accountant to run the store Prices are quoted as a percentage of $100 face value (in units of 1/32 of a point) (Figure 2.4 - Digital Image) For example, a quoted price of 96:10 means a price of $96(or $96.3125) for a face value of $100, or $963.125 for a $1,000 face value bond Against this backdrop, household consumption reached $500 billion in 2015, up 167% from 2005, and we look for GDP-per-capita to expand another 49%, or 8.2% per annum during the 2017-2022 period (Exhibit 8). If we are right, then household consumption could total at least $740 billion by the end of the decade The impact ignited a fire in the Pinto which killed Lily Gray and left Richard Grimshaw with devastating injuries. A judgment was rendered against Ford and the jury awarded the Gray family $560,000 and Matthew Grimshaw $2.5 million in compensatory damages. The surprise came when the jury awarded $125 million in punitive damages as well

Opportunity costs and the production possibilities curve

Get Started withFREE Study Membership. Let us guide you through the questions in your textbook, step by step explanation and live tutoring sessions. Access to 2 Million+ Textbook Solutions. 24/7 available Tutors. Ask 30 Questions from subject matter experts. Start Trial See which state ranks No. 1 in the U.S. based on more than 71 metrics in health, education, opportunity, economy, crime & corrections and fiscal stability With the Office Depot cost variable in the equation, the Staples cost variable would pick up only the effect of Staples-specific cost reductions. The results were striking: the Staples-specific pass-through rate was only 15%, much lower than the 57% figure suggested by our first model or the 67% figure claimed by the merging firms

Macroeconomics, 4e (Hubbard/O'Brien) Chapter 2 Trade-offs

That figure came to $3,885 per capita or $298.7 billion in total. Next, the authors calculated from their data base the actual health spending incurred in 2008 by or on behalf of nonelderly Americans who were uninsured at any time that year. That figure came to only $2,290 per capita or a total of $176.1 billion Select and drag a point onto the graph. Moving a point. Select and drag a point on the graph from one location to another. Deleting a point. Select and drag a point off of the graph. Drop lines. Occasionally points will also contain drop lines that automatically extend to one or both axes The Department estimates that this Final Rule will have an average annual cost of $35,037,540 and a total 10-year cost of $278,750,652 (with 7-percent discounting). The largest contributor to the cost is the requirement related to the development and continuous improvement of the workforce development system, followed by the career pathways. a. In line 9, the figure $80.784 is corrected to read $80.793. b. In line 17, the figure 0.9981 is corrected to read 0.9982. c. In line 18, the figure 0.88 percentage point is corrected to read 0.74 percentage point. Start Printed Page 227. d. In line 22, the figure $80.784 is corrected to read $80.

Opportunity Cost Questions and Answers Study

Government spending on agriculture compared to agriculture's contribution to the total economy has declined by 37 per cent; the ratio fell from 0.42 in 2001 to 0.26 worldwide in 2017. In addition, aid to agriculture in developing countries fell from nearly 25 per cent of all donors' sector-allocable aid in the mid-1980s to only 5 per cent. Growth in the CCA was 2.4 percent in 2016, 1 percentage point higher than projected last October, yet 0.8 percentage point lower than in 2015 (Figure 1). The improvement relative to October also reflected significant revisions to economic activity in Kazakhstan due to the impact of currency adjustment, lagged effects of earlier fiscal stimulus. 1. b The sociological perspective is an approach to understanding human behavior by placing it within its broader social context. (4) 2. d Sociologists consider occupation, income, education, gender, age, and race as dimensions of social location.(4) 3. d All three statements reflect ways in which the social sciences are like the natural sciences __FALSE__9.In an open economy, the government spending multiplier will be higher than in an economy without international trade. Suppose the marginal propensity to import is .2, so IM = .2 GDP and the MPC is .8. In a closed economy, the multiplier would be 5 (see problem 7 above) In an open economy, we would have GDP = .8(GDP - T) + I + G + EX - What is the opportunity cost of traveling to work by car which costs $7 to travel by train which cost $3 and bus $2? View Answer At one point along a PPF 40 tons of wheat are produced while 80.

The lack of effects from receiving an MTO voucher has been interpreted as evidence against the existence of neighborhood effects (Ludwig et al., 2008, 2013).One of the strongest assumptions required for these program effects to be informative about effects from neighborhood environments is that neighborhood poverty measures neighborhood quality (Aliprantis, 2017a) B.E. Smith' s 2018 Healthcare Trends white paper reveals the top 12 trends that will impact and shape the healthcare industry in the year ahead. From regulatory changes and economic pressures, to a changing workforce and leadership competencies, discover what healthcare executives are saying about the industry, their future plans, as well as their primary concerns The global average fertility rate is just below 2.5 children per woman today. Over the last 50 years the global fertility rate has halved. And over the course of the modernization of societies the number of children per woman decreases very substantially. In the pre-modern era fertility rates of 4.5 to 7 children per woman were common

Refer to Figure 2 5 The opportunity cost of this economy

2. a. The opportunity cost of something is what must be forgone to acquire it. b. The opportunity cost of running the hardware store is $550,000, consisting of $500,000 to rent the store and buy the stock and a $50,000 opportunity cost, since your aunt would quit her job as an accountant to run the store 5) Consider a small economy where the total population is 10,000. The size of the labor force is 8,000, while the number of people employed is 7,000. What is the unemployment rate in this economy? A) 10% B) 12.5% C) 20% D) 30% E) 37.5% Answer: B). Given the labor force of 8,000 people, 1000 people are unemployed. Thu Homelessness is a social, economic, and political crisis in the United States. In particular, the US-Mexico Border region has seen a surge of homelessness, specifically among veterans, women victims of intimate partner violence, and immigrants. In 2014, 12 persons in El Paso, TX, with experience of being homeless used the photovoice methodology to participate in a project titled, The. Of all industrial countries, Sweden is probably the farthest along in weaning itself from fossil fuels. Today, the country depends on oil for only 30 percent of its energy, down from 77 percent in 1970. (The United States, by contrast, depends on fossil fuels for 85 percent of its energy.) Fifteen percent of all cars sold in Sweden in 2007 can. where ϵ i, t denotes an idiosyncratic shock that is independent across generations and has expectation E[ϵ i,t] = 0.In Chetty et al.'s terminology, α r ∈ [0, 1] measures absolute rank mobility for children of the lowest-income parents: the mean rank of a child of race r whose parents have income rank y i,t−1 = 0. The parameter β r ∈ [0, 1] measures the rate of relative mobility.

Exam

Learn for free about math, art, computer programming, economics, physics, chemistry, biology, medicine, finance, history, and more. Khan Academy is a nonprofit with the mission of providing a free, world-class education for anyone, anywhere Figure 12-4. Example of regenerable IX removal curves at specific influent concentrations (2.5-minute EBCT). Source: Used with permission from ECT2. Design/Operating Considerations: IX treatment systems are configured similarly to GAC systems. Refer to Section 12.2.1 for a description of GAC systems that also applies to IX systems Introduction. Chapter 135 o f 2017 (A B 398, E. Garcia) requires our office to report annually on the economic impacts and benefits of the state's greenhouse gas (GHG) limits.This report is one of two 2018 r eports that fulfill this requirement. In a companion report, Assessing California's Climate Policies—An Overview, we provide conceptual overview of the overall effects of the state. As of September 30th, as I mentioned earlier, the weighted average AAA costs within our CLO equity portfolios was 121 basis point. This compares to a market level of 134 basis points at quarter end B) quantity of CDs that people plan to buy. C) wage rate of workers who produce CDs. D) price of a CD. Answer: B 22) The law of supply states that, other things remaining the same, firms produce A) more of a good the less it costs to produce it. B) less of a good the more it costs to produce it. C) more of a good the higher its price

The Emergency Broadband Benefit is available to help keep households connected and afford internet service. Find out more about the program and if you're eligible constituency-building, resource mobilization, and implementation (Figure 2.1)—policymak- ers and managers should use the information generated by the stakeholder analysis to develop and implement strategic communication, advocacy, and negotiation plans

Mortgage Points: What's the Point

If (a) or (b) applies, see the instructions for lines 6a and 6b to figure the taxable part of social security benefits you must include in gross income. Gross income includes gains, but not losses, reported on Form 8949 or Schedule D. Gross income from a business means, for example, the amount on Schedule C, line 7, or Schedule F, line 9 The March telehealth claims figure is a 3600% increase over February and a 5100% increase over the monthly average for 2019. In March Blue Cross made payments of nearly $800 million to physician and hospitals, including more than 50,000 new claims for COVID-19 testing and care, totaling approximately $10 million C5.1.2.2. To assist purchasers to develop readily actionable LORs, Implementing Agencies are directed to develop, where appropriate, system-specific checklists designed to help ensure that requirements are fully defined, to account not only for weapon systems but also for the logistics, construction, training, and support services needed to deliver a complete and sustainable capability to the. Spending $9,000/month ($108,000 a year) on rent sounds expensive. But, it's actually good value since you need to spend roughly 303X the monthly rent (25.25X annual rent) to buy my house at market price ~$2.7M.The 100X - 150X monthly rent rule gets blown out of the water. Even if you owned the $2.7M home outright, you'd still have to pay $33,000 a year in property taxes ($2.7M X 1.2%.

Production Possibility curve

Long run average cost is the cost per unit of output feasible when all factors of production are variable. In the long run, all costs are assumed to be variable. Economies of scale are the unit cost advantages from expanding the scale of production in the long run. The effect is to reduce average costs over a range of output Sinclair's EPIC scheme was a 12-point program to remake the Californian economy. It involved the issuance of scrip currency, the creation of large state-run bartering enterprises, a tax on idle land and floating a large state bond for $300 million And particularly now, government-to-consumer, we're finding that to be a bit more relevant these days, but all-in-all it totals $185 trillion opportunity of money moving around the world. And that.

Solved: Tagines 5 10 15 20 25 30 35 40 45 9V Refer To FiguWithout an increase in the supplies of factors ofDaulat Farms | Daulat Farms Group of Companies | Daulat

NOTE: The levelization calculation here does not include opportunity cost associated with an alternative investment. It also excludes terms such as social costs or economic costs from decreased productivity and does not include discounted value of emissions over time (e.g., Wang, 1997; Baker and Khatami, 2019) As Figure B shows, the unemployment rate for young high school graduates jumped from 17.5 percent in 2007 to 32.7 percent in 2010, dwarfing the increases in prior recessions. The rate has since declined slightly, to an average of 31.1 percent over the last year (April 2011-March 2012) As described in Table 5‑4, the FAO estimates that a 30% increase in refurbishment costs for each reactor at the BNGS and DNGS would result in an average Nuclear Price of $85.0/MWh from 2016 to 2064, or a 5.4% increase over the base case Nuclear Price of $80.7/MWh