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Mankiw Chapter 11
There is often litte along the highways but rarely in peoples yards. Provide an economic explanation for this fact?
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- we TECNO O6 SPARK pg#01 %23 Date Question G coporate greccellie separale faihs which onganization has three duning the coming yeas., Each has ase to farm be used Uniale chasacterltics which most sutable make it bor saising below indicates the crop only selected' for une Jable crop each the fam, of associated with operating each annual ixed costs' of the cosposdtron as 7 planting expected revenue harm. Dn addition to the bixed cost annual cost the crops, the faam.there Rs 8°90,000for are whole. Crop Polatoes Cost/acde Revenuelacte Hixed cost 1200 faim 1500 200000 soybean 1430 1850 3 50000 3 com 870 1225 128000 Detemine the cost function , revenue, funchion and psofit function ljain functions)for the thaee fhim Ohe board opera tion alinection has vote on the planing following program foh the coming yeas:750 acres' will be planted at fam 1;1,000 at ferm 2; and l,s^SO at farm what are the expected profits for the program? summer d roug pes acte bcing"necvced by 10,20 and 30 percent,…C .Plz explain this QuestionThink back to a purchase that you made recently. How would you describe your thinking before you made that purchase?
- Graph the following data on social and market demand: Im pretty sure I have the graph correct but I am unsure how to find the anwsers to the questions. Price ($) 20 18 16 14 12 10 Market quantity demanded (units per month) 10 20 30 40 50 60 Social quantity demanded (units per month) 20 30 40 50 60 70 Does this product have external benefits or external costs? How large ($) is that externality12LGjjfiV9KIUa7A14QC7gvvPrKFtW6ZwP60WrVE/edit AP 100% PRICE Dolars perp Answer Price ($) 10. Using the graph below, determine the equilibrium price and quantity of pens. 0000 5000- 3000 2000- Normal text Answer: RUBRIC Worksheet 2 Scenario 11. Using the graph below, determine the approximate equilibrium price and quantity of soap. Supety 3 QUANTITY ons of pens) Demand Curve Arial Supply Curve Cartoon P Quantity Supplied Price determination AND PRICE 11 Demand + B I UA AANSWER LETTER A As a eco-tourism site, the Kubak crystal caves are renowned for their stalactites and stalagmites.The warden of the caves offers a tour each afternoon at 2pm sharp. The caves can be shown toonly four people per day without disturbing their fragile ecology. Occasionally, however, more thanfour people want to see the caves on the same day. The following schedule lists the people whowanted to see the caves on September 24, 2003, together with their respective times of arrival andreservation prices for taking the tour that day. Customers Arrival Time Reservation price Herman 1:48 P 20 Jon 1:50 14 Kate 1:53 30 Jack 1:56 15 Penny 1:57 40 Fran 1:59 12 Faith 2:00 17 a.) If the tour is “free” and the warden operates on a first-come, first-served basis, what will the total consumer surplus be for the four people who get to go on the tour that day? b.) Suppose the warden solicits volunteers to postpone their tour by offering increasing amounts of cash…
- estion 6 The table below contains data for the country of Batterland, which produces only waffles and pancakes. The ot yet base year is 2009. nswered Prices and Quantities Marked out of 1.00 Year Price of Quantity of Price of Quantity of P Flag question Waffles Waffles Pancakes Pancakes 2008 $2.00 100 $1.00 100 2009 $2.00 120 $2.00 2010 $2.00 150 $3.00 200 2011 $4.00 180 $3.00 220 %. From 2010 - 2011, this country's output grew Select one: O a. 12.5 O b. 155.6 Oc. 14.3 O d. 48.1 Next page 26°C Mostly cloudy Previous page 2 Type here to search 150part D E urgnty needFACEMOCK/B MURCT ECONOMICS LATY. JAN-FED 3% HOU EDUCATION RESOURCE CENTRE EDUCATION RECRETARIAT TENERAL CAPITAL TERRITORYOFCTABUZA DO NOT pon by an Vide waiting read the following instructions candy PAPER I OBIECTIVE INSTRUCTIONS Anwer all die questions from this section A production is inadequate Turces have alternative use kan man sedan se limited Amar with NIO needs a dress, a pair of shoes, a handbag and jewelry costing N20, N10, NT and NJ respectively. The opportunity con of buying the pair of shoes is the H. dress and jewelry D. bandbag and jewelry Cjewelry 3. The poufit of a producer is the difference between A. total cost and marginal cost B. total revenue and total cost Caverage cost and total cost D. price and total coat 4. Economic development may be hindered if there is A. high pool of skilled labour B. a high rate of economic growth C. political stability D. rapid population growth 5. Provision of short term loans to solve balance of payments problem is done by the A.…
