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University of California, Berkeley *
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186
Subject
Economics
Date
Apr 25, 2024
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Q3.2.2 Every cat can beget 0 or more kittens. What type of constraint on "child is" best captures this relationship? O Key contraint with total participation O Key constraint with partial participation O No key constraint with total participation @® No key constraint with partial participation
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Related Questions
Please answer this specificly so o can understand how to do it. Thank you!
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ION 17
Marginal
Cost
Marginal
Benefit
Quantity of Shoes
Refer to the diagram for athletic shoes. If the current output of shoes is Q1, then
O D. society would consider additional
units of shoes to be more valuable
O A. resources are being
O B. society would
experience a net loss
by producing more
O C. society would consider additional units
of shoes to be less valuable than
allocated efficiently to the
alternative uses of those resources
than altemative uses of those
production of shoes
resources
shoes
Sa
Click Save and Submit to save and submit. Click Save All Answers to save all answers.
DELL
Marginal Benefit and
Marginal Cost (Dollers)
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86) An
economy
unit of agricutural output raquires 0.L'unit of ag ristural input and
agriultural industy
and a teatile industry. Each
has
9n
0.1 unit of textiles inputs. Each unit of textiles output requires o.1 unit
of agricul tural imput and 0:2 unlt of textiles input.
a Write the technoligy matrix for this
b) If surpluses of S units of agrlualhural products and15 units of texti le s
ave desired, final the gois poluchion of each industry
econdny.
.
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do
2
1.-2.1
41
5
Gawain-Bahay
Gamit ang character diagram isa-isahin
ang mga katangian ni Don Crisostomo
Ibara na nararapat na pamarisan ng
kabataang tulad mo. Itala ang inyong
sagot sa kahon at pagkatapos ay sagutin
pines
ucation
BARZON)
N OF BACOOR
AL HIGH SCHOOL
ang mga tanong na kaugnay nito.
Crisostomo Ibarra
H
Moa Tanong
000
Near record
廳
^9× 4) ENG
10:47 am
12/4/2024
10
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ompleted 14 out of 20
stion 15 of 20 >
A network good is one where the
number of other users of the good.
cost to the user rises if there is a large
cost to the user falls if there is a small
O benefit to the user falls if there is a large
O benefit to the user rises if there is a large
LAPTOP LOGIN
acer
USERNAME: student
PASSWORD: Broward1
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Que
You have decided that you want to attend a renaissance
fair as King Henry VIII. You estimate that it will cost $80
to assemble your costume. After spending $80 on the
costume, you realize that the additional pieces you need
will cost you $20 more. The marginal cost of completing
the
O $20
$80
O $60
O $100
arrow_forward
Brewed coffee is one of the most popular drinks in the world and a big market in Singapore. In recentyears Singaporean consumers have become concerned that coffee farmers often receive very lowprices by large coffee companies buying their beans and selling them in international markets. Forthis reason, fair trade coffee has reached supermarket shelves and coffee shops. Because producingfair trade coffee includes providing extra income for the farmers, this product is more costly to makethan other coffee types of comparable quality. Using the demand-supply model, analyse this changein consumer preferences. Examine the likely consequences in one or two markets of your choice. Limits 500 words
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The concept of opportunity cost is that
the economic cost of using a factor of production is the alternative use of that
factor that is given up.
O the cost of production varies depending on the opportunity for technological
application.
O taking advantage of investment opportunities involves costs.
O in a market economy, taking advantage of profitable opportunities involves
some money cost.
arrow_forward
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 graphically
arrow_forward
Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, feasible, or infeasible.
Check all that apply.
Point
Inefficient
Efficient
Feasible
Infeasible
A
B
D
E
O O 0OC
OOO O0
O O O O 0
O O O O00
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Assume that X is great at computer programming AND at cooking pizza. Which of the
following is true?
His OC of cooking pizza must be
since
O a. high; great at programming
on
O b. low; great at it
C. high, great at it
d.
None of the answers offered are accurate.
O e.
low; great at programming
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Consider the following scenario to understand the relationship between marginal and average values. Suppose Jake is a professional basketball player,
and his game log for free throws can be summarized in the following table.
Fill in the columns with Jake's free-throw percentage for each game and his overall free-throw average after each game.
Game
Game Result
Total
Game Free-Throw Percentage
Average Free-Throw Percentage
8/10
8/10
80
80
4/10
12/20
2/8
14/28
4
2/4
16/32
6/8
22/40
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Alda is willing to pay $2,000 to visit her favoritecousin over spring break. A month ago, she bookeda trip costing $1,200. Spring break has arrived, butAlda needs one day to finish an important paperbefore she goes. Alda could cancel her trip and geta refund of $800. Or, she could pay an additional$1,000 (on top of the $1,200 she already paid) torebook the trip for two days later. Explain whatAlda should do.
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Next question
The demand curve is also the
O A. total benefit curve.
B. total cost curve.
O C. marginal deadweight cost curve.
O D. marginal benefit curve.
O E. marginal cost curve.
O Time Remaining: 00:53:28
Next
(ECON202 s2022 online) is based on Bade/Parkin: Foundations of Microeconomics, 9e
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According to the MRS, what's the maximum number of sleeping hours Katy would be willing to
give up to visit one more party, if she currently visits 2 parties and sleep 8 hours per day?
O 1/4
O 1/2
O 2
4
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In Jun 2021, in an attempt to stay healthy and get fit, I signed up for a year membership contract at a local gym,
for which I am agreeing to pay RM300 per month. I also spent RM300 on stylish gym clothes to feel comfortable.
This morning, I was trying to decide whether or not to actually go to the gym. Which of the following was
relevant to my decision?
O a. The fact that I also had to sit for an online economics midterm exam this morning.
O b. The RM300 that I paid the gym this month.
O c.
The RM300 I spent on gym clothes.
O d. All answers were relevant.
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Assume that your company produces two goods: laptops and tablets. Assume aslo that your company has limited resources( including time) to devote to producing these items. Now assume that the laptop team does something to improve the efficiency of making laptops, while the tabley holds to old methods. Given the change you can
a) only increase your production of laptops
b) only increase your production of tablets
c) increase production of both items
d) not increase your production in either tablets or laptops.
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8:35
O ll 60%
Econ101- Final Written..
QUESTION 2
Table 1
Number of
Chocolate Bars per Day
Total Utility
Marginal Utility
80
150
200
230
10
2- Refer to the table above,
2.a- What is the marginal utility of the second chocolate bar per day? Please calculate. (3 pt)
2.b- What is the total utility of five chocolate bars per day
QUESTION 3
3- You are a firm owner. Your total revenue was 100 TL last year. Your costs for rent and
supplies were 35 TL. To start this business, you invested certain amount of money that
could bring you a 45 TL as an annual return. If you would work for another company,
DONOT CORY
3.a- Refer to the statement above. What were your economic costs during the year? Please
calculate. (3 pt)
3.b- Refer to the statement above. What was your cconomic profit last year? Please calculate.
(3 pt)
QUESTION 4
Table 2
Technology
Units of Capital
Number of Employees
2.
5
12
B
11
10
D
10
4
4- Use the information provided in Table 2 above to answer the question(s) that follow.
II…
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The term that refers to the situation where we dont have all of our needs and wants because resources are limited is refered to as
O A. Decisions
O B. None of the above
O C. Choice
O D. Scarcity
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Frances is a skilled toy maker who is able to produce both trucks and drums. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time.
Choice
Hours Producing
Produced
(Trucks)
(Drums)
(Trucks)
(Drums)
A
8
0
4
0
B
6
2
3
10
C
4
4
2
16
D
2
6
1
18
E
0
8
0
19
Suppose Frances is currently using combination D, producing one truck per day. Her opportunity cost of producing a second truck per day is _______.
Now, suppose Frances is currently using combination C, producing two trucks per day. Her opportunity cost of producing a third truck per day is ________ per day.
From the previous analysis, you can determine that as Frances increases her production of trucks, her opportunity cost of producing one more truck _______.
Because she can now make more trucks per hour, Frances's opportunity cost of producing drums is…
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The first building that is constructed by a construction company will take longer to construct than
the 10th building that is constructed by the same company. This is because the company will become
more efficient at constructing buildings as they do more of them. What is this phenomenon known
as?
O a. Learning-curve effect
O b. Network effect
O c. Customization
O d. Economies of scope
E
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called
plaging a Jame
Chicken They eash drive thair car down Hhe center of
the voand in opporite direcfions Each chocses ei ther
SwerveIf botth swerve, no boy wins
stags and one Swerves, Hhe ove
O Suppose Etie and Joshug
"stag"
br loses any thing.If one
or
one who stags wins $2 Awo dollans) from the one who
severves. If both stay, they wrack the cans and need
ear to rapair
earh
Car.
normal farm.
O Represent the goone in a
O Find all flarh Epui librica
Jos hug imit leanned that E ddie has a mickmome " Fnst Eltie'!
a buays make his dairinm af ter
as he, is quick and can
obierung his opponents fecision'
o Represent the gane in an extencive furm.
A Find the vaamnable autrome of this game using
backwrand in Juctin.
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Title
Suppose that Lynn enjoys coconut oil in her coffee. She has very particular preferences, and she mus
Description
Suppose that Lynn enjoys coconut oil in her coffee. She has very particular preferences, and she must have exactly two spoonfuls of coconut oil for each cup of coffee. Let C be the number of cups of coffee, and O be the number of spoonfuls of coconut oil. Also, let PC be the price of a cup of coffee. Suppose Lynn has $12 to spend on coffee and coconut oil. Also, the price of coconut oil is $.50 per spoonful.a) Graph Lynnâs Price Consumption Curve for prices, PC = $1, PC = $2, and PC = $3. Please put the number of cups of coffee on the horizontal axis, and the number of spoonfuls of coconut oil on the vertical axis. Be sure to label your graph carefully and accurately.b) Graph Lynnâs demand curve for coffee. You may assume that both coconut oil and coffee are continuous variables so she can consume any amount of coffee and coconut oil that she could afford.…
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Consider the following scenario to understand the relationship between marginal and average values. Suppose Sam is a professional basketball player,
and his game log for free throws can be summarized in the following table.
Fill in the columns with Sam's free-throw percentage for each game and his overall free-throw average after each game.
Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage
Game
1
8/10
80
12/20
14/28
16/32
22/40
2
3
4
5
8/10
4/10
2/8
2/4
6/8
80
On the following graph, use the orange points (square symbol) to plot Sam's free-throw percentage for each game individually, and use the green
points (triangle symbol) to plot his overall average free-throw percentage after each game.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
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12
Investment
Figure 14.4
383.Figure 14.4 shows three possible shifts in the production possibilities frontier of a country. Which allocation
would be the most likely explanation for shift number 3?
(A) R
(B) W
(C) x
(D) Y
(E) Shift number 3 is not possible.
LHH actment
Consumption
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Macmillan Learn
Suppose that Ned can produce either potato chips or computer chips. If he only produces potato chips he can produce 50 in a
day. If he only produces computer chips, he can produce 25 in a day. Drag the endpoints of the line to plot his production
possibilities frontier (PPF) on the graph.
Potato Chips
50
45
40
35
30
25
20
15
10
Incorrect
5
O
0
5
10
15 20 25 30
Computer Chips
35
40
Ned's PPP
45 50
What is the opportunity cost of potato chip production in
terms of computer chips?
4/3
0 0 0
1/2
50
25
2
3/4
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Assume that a worker can either drive a delivery truck or paint houses in a given day. It
takes 5 hours to complete a delivery route and 2.5 hours to paint the exterior of a house.
When a worker chooses to paint 4 houses in a neighborhood, what is the opportunity cost
of this decision?
O The pay the worker receives for painting 4 houses
O Completing 4 delivery routes
O The pay the worker would have received from completing a delivery route
O The pay the worker would have received from completing 2 delivery routes
O The pay the worker would have received for completing 0.25 delivery routes
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Consider the production problem discussed in class in which 24 labor hours and 4 machinehours are to be allocated between food (x) production and wine (y) production. Suppose theproduction functions for x and y are as follows:Also, suppose the preferences of the agents are given by:Finally, suppose the MRT is given bywhere x and y denote, respectively, the aggregate quantities of food and wine produced.For each of the following allocations, determine whether they are (i) feasible and (ii) Paretoefficient. If they are inefficient, explain intuitively how it is possible to make someone betteroff without making the other person worse-off.a. ((14,2),(10,2),(5,10),(23,18))b. ((8,2),(16,2),(5,14),(11,18))c. ((14,2),(10,2),(14,21),(14,7))
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D
Question 18
Burgers
6543210
10
0 5
TTTTT o
O 20
O 24
0
P
4
B
C
8
Budget: $10
Burgers: $2
Bus Tickets: 50 cents
D
E
。.
12
Bus Tickets
If the consumer spends all his money on bus tickets how many bus tickets can he afford to buy?
16
F
20 24
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Related Questions
- Please answer this specificly so o can understand how to do it. Thank you!arrow_forwardION 17 Marginal Cost Marginal Benefit Quantity of Shoes Refer to the diagram for athletic shoes. If the current output of shoes is Q1, then O D. society would consider additional units of shoes to be more valuable O A. resources are being O B. society would experience a net loss by producing more O C. society would consider additional units of shoes to be less valuable than allocated efficiently to the alternative uses of those resources than altemative uses of those production of shoes resources shoes Sa Click Save and Submit to save and submit. Click Save All Answers to save all answers. DELL Marginal Benefit and Marginal Cost (Dollers)arrow_forward86) An economy unit of agricutural output raquires 0.L'unit of ag ristural input and agriultural industy and a teatile industry. Each has 9n 0.1 unit of textiles inputs. Each unit of textiles output requires o.1 unit of agricul tural imput and 0:2 unlt of textiles input. a Write the technoligy matrix for this b) If surpluses of S units of agrlualhural products and15 units of texti le s ave desired, final the gois poluchion of each industry econdny. .arrow_forward
- do 2 1.-2.1 41 5 Gawain-Bahay Gamit ang character diagram isa-isahin ang mga katangian ni Don Crisostomo Ibara na nararapat na pamarisan ng kabataang tulad mo. Itala ang inyong sagot sa kahon at pagkatapos ay sagutin pines ucation BARZON) N OF BACOOR AL HIGH SCHOOL ang mga tanong na kaugnay nito. Crisostomo Ibarra H Moa Tanong 000 Near record 廳 ^9× 4) ENG 10:47 am 12/4/2024 10arrow_forwardompleted 14 out of 20 stion 15 of 20 > A network good is one where the number of other users of the good. cost to the user rises if there is a large cost to the user falls if there is a small O benefit to the user falls if there is a large O benefit to the user rises if there is a large LAPTOP LOGIN acer USERNAME: student PASSWORD: Broward1arrow_forwardQue You have decided that you want to attend a renaissance fair as King Henry VIII. You estimate that it will cost $80 to assemble your costume. After spending $80 on the costume, you realize that the additional pieces you need will cost you $20 more. The marginal cost of completing the O $20 $80 O $60 O $100arrow_forward
- Brewed coffee is one of the most popular drinks in the world and a big market in Singapore. In recentyears Singaporean consumers have become concerned that coffee farmers often receive very lowprices by large coffee companies buying their beans and selling them in international markets. Forthis reason, fair trade coffee has reached supermarket shelves and coffee shops. Because producingfair trade coffee includes providing extra income for the farmers, this product is more costly to makethan other coffee types of comparable quality. Using the demand-supply model, analyse this changein consumer preferences. Examine the likely consequences in one or two markets of your choice. Limits 500 wordsarrow_forwardThe concept of opportunity cost is that the economic cost of using a factor of production is the alternative use of that factor that is given up. O the cost of production varies depending on the opportunity for technological application. O taking advantage of investment opportunities involves costs. O in a market economy, taking advantage of profitable opportunities involves some money cost.arrow_forwardwhy 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 graphicallyarrow_forward
- Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, feasible, or infeasible. Check all that apply. Point Inefficient Efficient Feasible Infeasible A B D E O O 0OC OOO O0 O O O O 0 O O O O00arrow_forwardAssume that X is great at computer programming AND at cooking pizza. Which of the following is true? His OC of cooking pizza must be since O a. high; great at programming on O b. low; great at it C. high, great at it d. None of the answers offered are accurate. O e. low; great at programmingarrow_forwardConsider the following scenario to understand the relationship between marginal and average values. Suppose Jake is a professional basketball player, and his game log for free throws can be summarized in the following table. Fill in the columns with Jake's free-throw percentage for each game and his overall free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 8/10 8/10 80 80 4/10 12/20 2/8 14/28 4 2/4 16/32 6/8 22/40arrow_forward
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Recommended textbooks for you
- Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStax
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax