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- 5. Illustrate the differences between microeconomics and macroeconomics?1 explain the role of ceteris paribus in economic analysisSat Oct 30 2:46 PM Bookmarks Window Help History + 88 Safari File Edit View ng.cengage.com Sean is buying pizza and salad. b Answered: Now suppose Andre... X MindTap - Cengage Learning Bb Homework Assignments – Fou... Home - cuchicago.edu Concordia-Chicago | Concordi... Q Search this course « CENGAGE MINDTAP Maria v Refresh Your Math & Graphing Skills A My Home 40.00 4 10 Courses 40.00 8 A-Z Catalog and Study Tools Rental Options Use the black line (plus symbols) to plot the line illustrating the combinations of salad and pizza that Andrew can purchase with a budget of $40.00. College Success Tips Career Success Tips 30 RECOMMENDED FOR YOU 28 26 Initial Budget THE 24 COST 22 OF 20 bongo LIVING New Budget 18 Living Expenses: Key to Your 16 MORTGAGE SCHOOL FEES. 10364.00 ELECTRICITY BANK LOAN. INSURANCE 7000.00 .8745.00 Well-Being 14 1324.0 9423 12 10 ? Help 8 Give Feedback 4 2 + 8 10 12 14 16 18 20 22 24 26 28 30 4 SALAD (Bowls) ОСТ étv W W 30 280 PIZZA (Slices) 2.
- Assignments for Macroeconomics Econ 2202 Assignment 1 Chapter 1 and 2 1. What is the opportunity cost of Bananas in terms of Tacos? 2. What if the price of Tacos decreased to $0.50, what happens to the quantity of Tacos consumed given a $5 Budget? Bananas Tacos $0.50 $1 Budget $5.00 Bananas Tacos 2 4 3. 4. 3 2 8 1 9 10 Study Hours Psycholo Psycholo | Economi Economi cs gy 100 cs gy 4. 65 95 80 87 88 3. 77 94 1 4. 65 96 3. What is the Opportunity Cost of studying 3 hours for Economics (Increasing the study time in Economics from 2 hours to 3 hours). woul! beJuanita is a talented artist who sells hand-crafted goods on her website. Juanita currently crafts and sells both tea towels and pillows. She spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of her time is spent on each good. Hours Crafting Produced Choice (Tea towels) (Pillows) (Tea towels) (Pillows) A 0 4 0 B 2 3 10 4 2 16 6 1 19 0 20 PILLOWS C D E 30 25 On the following graph, use the blue points (circle symbol) to plot Juanita's initial production possibilities frontier (PPF). 20 2 10 5 0 D 8 6 4 1 NO 2 8 + 2 3 4 TEA TOWELS 5 8 7 Initial PPF 4 New PPF Suppose Juanita is currently using combination D, producing one tea towel per day. Her opportunity cost of producing a second tea towel per day is per day. Now, suppose Juanita is currently using combination C, producing two tea towels per day. Her opportunity cost of producing a third tea towel per day per day. is14. What assumption is important in using economic model to make predicitons? a) the law of demand b) the rationality assumption c) ceteris paribus/ other things being equal d)evryone being a price taker
