According to Figure 2.4, as the economy moves from Point A to Point E, theopportunity cost of motorcycles, measured in terms of hybrid carsBFEMotorcyclesO remains constant.O increases.decreases.O initially increases, then decreases.Hybrid cars SCENARIO 1.2: A scientist wants to understand the relationship betweenautomobile emissions and the level of global warming. The scientist collectsdata on the volume of automobile emissions and the levels of globalwarming over time. The scientist concludes that a 1% increase in automobileemissions causes a 0.0003% increase in average global temperatures. Fromthis information he concludes that the automobile emissions are harmful tothe environment and should be reduced to stop the increase in globaltemperatures.Refer to Scenario 1.2. The statement that a 1% increase in the automobileemissions causes a 0.0003% increase in average global temperatures is anexample ofnormative economics.marginal economics.the fallacy of logic.O positive economics.

The production possibility curve is the locus of a combination of two goods an economy produces by a…

Answered: According to Figure 2.4, as the economy…

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question 1 Figure 1: Daily spot crude oil prices ( Jan 2020 to Dec 2021) dollars per barrel (S/b) Oct 26 $86/D S90 S80 Brent West Texas S70 S60 Intermediate $50 Jan 4. 2021 $50/b $47/b $40 S30 S20 $10 Apr Jul Oct Jan 2021 Jul Oct Apr Jan 2020 Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in late October before declining in the final weeks of the year. Brent's 2021 annual average of $71/b is the highest in the past three years. The price of West Texas Intermediate (WTI) crude oil traced a similar pattern to Brent and averaged $3/b less than Brent in 2021. Source: Crude oil prices increased in 2021 as global crude oil demand outpaced supply - Today in Energy- U.S. Energy Information Administration…
● ● The marginal benefit to Lesley of staycations during the year at a hotel are given by the ollowing schedule: Number of Weekend Staycations 1 2 3 4 5 Marginal Benefit $550 $460 $390 $250 $200 $150 If the marginal cost of a staycation at the hotel is constant and equal to $360, how many weekends at the hotel is Lesley likely to enjoy? If Lesley stays for 5 weekends, what is the net benefit/(cost)?
please help me fast, thank you so much a , b, c
Ethanol is again viewed as one part of a solution to the problem of shortages of petroleum products. Ethanol is made from a blend of gasoline and alcohol derived from corn or sugarcane. This program can be expected to Show Transcribed Text 3. Exercise 10.4 the price of sugarcane. Ethanol is again viewed as one pa alcohol derived from corn or suga This program can be expected to J not change C increase n to the problem of shortages of petroleum products. decrease the price of sugarcane.
1. Which of the below is not a question to ask ourselves when designing a product? Customer-requested functions What current products can do The constraints of the materials Cost of service produced
Please no written by hand Budget Selections to Build Demand As a commuter you have a budget of $250 to spend on gasoline each month. You drive a car that gets 20 miles per gallon (MPG). You can purchase 100 gallons of gasoline per month at the current price of $2.50 per gallon. Demand Schedule Price Quantity Commuting Errands Mp Social Activities Vacations $2.50 97.5 Drive Alone (700 miles) Small Trips as Needed (550 miles) Trips to City (350 miles) Out-of-State (350 miles) $3.00 Current price: $3.00/gallon Car Pool (425 miles) 2x per week (300 miles) Trips to Local Park (120 miles) In-State (200 miles) Add to schedule Previous $3.50 Public Transportation (60 miles) Next 1 Trip per Week (150 miles) Stay in Neighborhood (40 miles) > Stay-cation (50 miles) $4.00 QUANTITY 35 27.5 17.5 17.5 97.5 gallons Keynote $4.50 COST $105.00 $82.50 $52.50 $52.50 $292.50 of $250
A police department wants to allocate the indirect cost of speed monitoring to the three toll roads around the city. An allocation basis that may notbe reasonable is:a. miles of toll road monitored.b. average number of cars patrolling per hour.c. amount of car traffic per section of toll road.d. cost to operate a patrol car.
13) Suppose a certain change will generate £5,000 of benefits and £3,000 of costs.This change can best be described as(a) a potential Pareto improvement.(b) inefficient.(c) Pareto efficient.(d) equitable.
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According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars Motorcycles remains constant. increases. decreases. initially increases, then decreases. Hybrid cars