Food production increased by 5%, while the production of tables remained unchanged. Unemployment is currently at 24,5% and the manufactures of the tables and food reported that they are using 85% of their production capacity. Based on the above information, which of the following statements is correct? A. Hilo is technically efficient in its production of tables and food. B. Hilo is inefficient in its production of tables and food. C. Hilo is at a point on the production. possibilities curve. D. Hilo is at a point outside the production possibilities curve.

Earlier this year it was reported that the supply of avocados（鳄梨） has fallen because of weather conditions. “…this time last year 360,000 trays were being produced per week, but that figure has fallen below 100,000 trays in recent weeks”.   What information would you need about the market for avocadoes to assess whether growers of avocadoes as a group were hurt or helped by these poor weather conditions? Explain.    If the demand for avocados is less price elastic than the supply of avocados, what short term impact would this have on the price of avocados (include a graph to help demonstrate your answer)

Now let's say 8 is still at 4, however, 4 is now at 2 for equilibrium, How would I go about calculating the increase?

The table shows the demand and supply for cocoa beans in two countries: Cameroon and Nigeria. Use the information in the table to answer the questions. Price ($) per pound (lb) of cocoa beans Price ($/lb) Cameroon quantity demanded (lb) Cameroon quantity supplied (lb) Nigeria quantity demanded (lb) Nigeria quantity supplied (lb) 8 180 500 155 210 7 200 460 180 180 6 250 410 200 160 5 280 360 220 140 4 320 320 240 125 3 350 280 260 115 What would be the equilibrium price and quantity in Cameroon and Nigeria if free trade existed between the two countries?

PC/PW < aLC/aLW What the reasoning/meaning behind the idea on how the economy will specialize in the production of cheese if the relative price of cheeses exceeds its opportunity cost?

2. Suppose we consider a simple economy as being based on three industries: industry 1, industry 2 and industry 3. Suppose the table below summarizes the units of inputs required to produce one unit of each product. Furthermore, it is assumed that the economy wishes to have a surplus of 50 units of industry 1 products, 80 units of industry 2 goods, and 25 units of industry 3. Outputs Inputs Industry 1 Industry 2 Industry 3 Industry 1 Industry 2 Industry 3 Find the total output of each industry 0.3 0.2 0.4 0.5 0.1 0.2 0.6 0.4 0.5 |이이

The following graph shows the demand curve for uff, a useful commodity produced on the planet Hermes. The Hermetian currency is the yen. The graph input tool also shows how demand for uff is affected by changes in the average income of Hermetians, as well as the prices of tulg and snick, two other related goods available on the planet.   Suppose that the price of a gram of uff decreased from 50 yen to 45 yen. This would cause a movement along the demand curve and therefore an increase in the quantity of uff demanded. Plug any value lower than the current number into the Average Income box. A decrease in average income causes a leftward shift of the demand curve.   When the prices of tulg or snick change, there is a shift of the demand curve for uff. The directions of these changes imply that snick and uff are __________ (options: substitutes, normally consumed together), and that tulg and uff are _______ (substitutes, normally consumed together). For example, a Hermetian might say, “I…