A(n). is a way that individual firms are interconnected O microeconomy O industry O market structure O aggregate cartel

The owners of four companies competing for a contract are shown in the table below. If a report is released that advocates company B, which of the people having funded the report should result in the most skepticism? Company Owner of Company Company A Jake Adams Company B Debby Smith Company C Henry Rose Company D Rhonda Baker

5 CUPS OF COFFEE 4 3 2 K Graph (a) 13 N M 2 3 4 5 6 DONUTS Refer to Figure 2-4, Graph (a). Production is O a. possible at points J, L, M, and N, but efficient only at points J, L, and M. O b. possible at points J, K, L, and M, but efficient only at point K. O c. possible at points J, L, M, and N, but efficient only at point N. O d. possible at points J, K, L, and M, but efficient only at points J, L, and M. CUPS OF COFFEE 5 3 2 1 Graph (b) 1 2 3 4 5 6 DONUTS

9. The Shellfish Shack produces only shrimp and oysters. The table below shows the maximum possible output combinations of the two types of shellfish using all resources and currently available technology. a. b. C. Possible Output Combinations A B C D E F G H Shrimp (thousands of pounds) 35 30 25 20 15 10 5 0 Oysters (thousands of pounds) 0 20 35 47 57 64 68 70 Suppose The Shellfish Shack is currently producing at point E. What is the opportunity cost of producing an additional 11,000 pounds of oysters? Suppose The Shellfish Shack is currently producing at point E. What happens to the opportunity cost of producing more and more shrimp? Does it increase, decrease, or remain constant? Explain your answer by using the data on the table. Suppose The Shellfish Shack is currently producing at point B. What happens to the opportunity cost of producing more and more oysters? Does it increase, decrease, or remain constant? Explain your answer by using the data on the table. d. Suppose The…

6.12 (Related to the Don't Let This Happen to You] in his autobiography, T. Boone Pickens, a geologist, entrepreneur, and oil company executive, wrote: It's unusual to tind a large corporation that's efficient. When you get an inside look, it's eany to see how inefficient big business realy is. Most corporate bureaucracies have more people than they have work.

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Please kindly provide solution for b & C

QUESTION 5 Timothy own a Subway franchise. He used flour, oil, seasoning and oven to bake the bread for sandwich. Oven in this case is an example of O a. labor. O b. human capital. Oc. physical capital. O d. natural resources.

You pay for school tuition, and for each class you attend. Suppose that you stopped attending class after the first semester, but still pay school tuition. Which of the following is this an example of? Sunk cost Equimarginal principle O Positive net gain O Marginal product of labor QUESTION 4 Evaluate the following statement: "A firm producing at the point where marginal benefit is not equal to the derivative of total cost is adhering to the equimarginal principle" False True

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