Answer the question on the basis of the data given in the following production possibilities table. Capital Goods Consumer Goods A 5 0 Multiple Choice Production Possibilities (Alternatives) B E 4 5 1/2 of a unit of capital goods. 14 units of capital goods. 15 units of capital goods. C 3 9 D Refer to the table. If the economy is producing at production alternative E, the opportunity cost of the fifteenth unit of consumer goods will be approximately < Prev 2 12 1 14 45 of 60 F F Next 0 15

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In the United States, 2018 was a bad year for growing wheat. And as wheat supply decreased, the price of wheat rose dramatically, leading to a lower quantity demanded (a movement along the demand curve). The accompanying table describes what happened to prices and the quantity of wheat demanded.   2017 2018 Quantity demanded (bushels) 2.3 billion 1.7 billion Average price (per bushel) $4.02 $4.98   Using the midpoint method, calculate the price elasticity of demand for winter wheat.       What is the total revenue for U.S. wheat farmers in 2017 and 2018?       Did the bad harvest increase or decrease the total revenue of U.S. wheat farmers? How could you have predicted this from your answer to part a?

George Kyparisis owns a company that manufactures sailboats. Actual demand for George's sailboats during each of the past four seasons was as follows: Year D Season Winter Spring Summer Fall 1 1,440 1,500 1,040 680 2 1,280 1,440 2,120 810 3 1,080 1,600 2,040 670 4 960 1,580 1,900 500 George has forecasted that annual demand for his sailboats in year 5 will equal 6,500 sailboats. Based on the given data and using the seasonal model, the demand level for George's sailboats in the spring of year 5 will be 1937 sailboats (enter your final answer as a whole number and round all intermediate calculations to two decimal places).

Filll in the values in the equation to calculate the PED for the Malabar coffee   Price Elasticity of Demand (PED)= abs(        % /         % )=

19. Canadians&#39; New Focus on Thrift Canadian shoppers&#39; shift to greater thriftiness has been unkind to retailers like Bikini Village and Le Chateau, which recently posted losses, but it may be a boon for budget stores like Dollarama Inc., which recently generated double-digit sales. Source: The Financial Post, July 3, 2011 Draw a graph to show the effect of increased thriftiness on sales at (i) Bikini Village and (ii0 Dollarama. Use the following information to work Problems 20 and 21. Boom Time For "Gently Used" Clothes Most retailers are blaming the economy for their poor sales, but one store chain that sells used name-brand children&#39;s clothes, toys, and furniture is boldly declaring that an economic downturn can actually be a boon for its business. Last year, the company took in $20 million in sales, up 5% from the previous year. Sales are already up 5% this year. Sources: CNN, April 17, 2008 20. a. According to news clip, is used clothing a…

Use the following demand function to answer questions 3-4. Show all your work to receive full credit. Qpork= 5.2 – 1.47Ppork + 1.82Peef + 0.18Pchicken + 0.38/ Calculate the cross-price elasticity of pork demand with respect to beef if the price of pork is $3.78/lb., the price of beef is $6.15/1b., the price of chicken is $1.90/lb., disposable income is $48000 per capita, and the total quantity demanded of pork is 52 lbs. per capita. If the price of beef increases by 12%, how much would you expect the quantity demanded of pork to change (in lbs.)?

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Calculate the number of quantity produced when Total revenue is 80 and the average revenue is 10