Bill and Melinda work for a firm that creates web pages and apps.  The number of web page designs and apps each can produce in a week is given in the table below.                                                                       Output per Week   web pages designed apps created Bill 3 12 Melinda 2 4   Melinda has a comparative advantage in: Group of answer choices designing web pages creating apps both designing web pages and creating apps . neither designing web pages or in creating apps

Carmen and Dennis live on a desolate island.  They spend their days fishing or climbing trees to collect coconuts.  The following table shows how much of each activity Carmen and Dennis can produce for each hour of work.  They each can work up to 12 hours a day.   Fish per hour Coconuts per hour Carmen 40 8 Dennis 28 7   On a piece of paper, draw Carmen's PPF with fish on the horizontal (x) axis and coconuts on the vertical (y) axis.  Carment's PPF extends from Question Blank 1 of 9 to Question Blank 2 of 9. (Hint: your answer should be in the form of a point (x,y).) Question Blank 3 of 9    has an absolute advantage in the production of fish, and  Question Blank 4 of 9    has an absolute advantage in the production of coconuts. Carmen's opportunity cost of producing 1 coconut is Question Blank 5 of 9 fish, while Dennis' opportunity cost of producing 1 coconut is Question Blank 6 of 9 fish.  Because Carmen has a  Question Blank 7 of 9    opportunity cost of producing…

Olivia and Helen produce shirts and ties. The figure shows their PPF s .     A graph with ties on the x-axis from 0 to 30 in 5-unit increments and shirts on the y-axis from 0 to 30 in 5-unit increments. There is a downward-sloping line labeled PPF subscript Helen. The line starts at the y-intercept of 25 shirts and ends at the x-intercept of 15 ties. There is another downward-sloping line labeled PPF subscript Olivia. The line starts at the y-intercept of 15 shirts and ends at the x-intercept of 20 ties. These two lines intersect at a point corresponding to 6.8 shirts and 10.9 ties.051015202530051015202530TiesShirts PPF Subscript OliviaPPFOlivia PPF Subscript HelenPPFHelen   A graph with ties on the x-axis from 0 to 30 in 5-unit increments and shirts on the y-axis from 0 to 30 in 5-unit increments. There is a downward-sloping line labeled PPF subscript Helen. The line starts at the y-intercept of 25 shirts and ends at the x-intercept of 15 ties. There is another…

Poornima is a skilled toy maker who is able to produce both boats and kites. 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 (Boats) (Kites) (Boats) (Kites) A 8 0 4 0 B 6 2 3 11 C 4 4 2 17 D 2 6 1 19 E 0 8 0 20   On the following graph, use the blue points (circle symbol) to plot Poornima's initial production possibilities frontier (PPF).   Initial PPFNew PPF012345678302520151050KITESBOATS   Suppose Poornima is currently using combination D, producing one boat per day. Her opportunity cost of producing a second boat per day is    per day.   Now, suppose Poornima is currently using combination C, producing two boats per day. Her opportunity cost of producing a third boat per day is    per day.   From the previous analysis, you can determine that as Poornima increases her production of boats, her opportunity…

The following scenario examines the relationship between marginal and average values. Suppose Jelani is a high school basketball player. The following table presents their game-by-game results for foul shots. Fill in the columns with Jelani's foul-shooting percentage for each game and their overall foul-shooting average after each game. Game Result Total Game Foul-Shooting Percentage Average Foul-Shooting Percentage Game 1 8/10 80 2 14/20 3 15/25 4 18/30 5 26/40 FREE-THROW PERCENTAGE On the following graph, use the orange points (square symbol) to plot Jelani's foul-shooting percentage for each game individually, and use the green points (triangle symbol) to plot Jelani's overall average foul-shooting 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. 100 90 80 70 60 50 40 30 20 10 0 8/10 6/10 1/5 3/5 8/10 0 2 GAME 3 80 4 5 Game Foul-Shooting Percentage Average Foul-Shooting…

Which would be technically efficient and which would be economically efficient?

Would you rather have efficiency or variety? That is, one opportunity cost of the variety of products we have is that each product costs more per unit than if there were only one kind of product of a given type, like shoes. Perhaps a better question is, “What is the right amount of variety? Can there be too many varieties of shoes, for example?” the bold question i dont understadnwhat they are trying to ask me to do

Juanita 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. is

Crystal is a talented artist who sells hand-crafted goods on her website. Crystal currently crafts and sells both tea towels and baskets. 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. BASKETS Choice (Tea towels) A B C D E 30 25 20 15 10 5 Hours Crafting 0 0 8 6 4 2 0 On the following graph, use the blue points (circle symbol) to plot Crystal's initial production possibilities frontier (PPF). 2 (Baskets) (Tea towels) 0 2 4 6 8 3 4 TEA TOWELS 5 4 3 6 2 1 0 Produced 7 (Baskets) 0 10 16 19 8 20 Initial PPF New PPF

F Velma, a book editor for a local publishing company, and Daphne, an opera singer in a local opera company, share a townhouse in Miami. Velma enjoys reading and editing books at home, and Daphne enjoys rehearsing her arias at home. Daphne is willing to pay Velma $200 per week if she will find another place to read and edit books. Velma offers Daphne $240 per week to find someplace se to rehearse if Daphne has the right to rehearse in her home, explain why the townhouse will be free of arta rehearsals. If Veima has the right to read and edit books in her home, explain why the townhouse will be free of aria rehearsals. If Daphne has the right to rehearse her arias, A. she has to leam to enjoy silence. OB. she will only accept a payment more than $240 from Velma to stop rehearsing at home. OC. she will be willing to accept some payment less than $200 from Velma to stop rehearsing at home. OD. she will be willing to accept some payment between $200 and $240 from Velma to stop rehearsing…