The following graph shows Sarah's budget line. Suppose the bus fare is $2.00. What is Sarah's weekly income? Sarah's Budget Line Bus Rides 18 15 12 9 6 3 0 a 5 6 Breakfast Combo 9 10 11

What is the name for something that changes the trade-offs that people facewhen making a decision?

this response. Question 36 Ben Solo and Jerry Jones both produce cones and ice cream. Their production possibilities are shown below. They are considering trading. Ben Jerry Cones Cones 6 4. A 3 0 1 2 Ice Cream Ice Cream (If you can't see the image of want to see a larger versioh click here.) Give an example of a trade price where both would benefit from trade. cones per unit of ice cream. A Moving to another question will save this response.

Use the PPF to answer the following questions: D. Hard drives A 525 E. 450 400 350 300 250 200 150 100 50 5 10 15 20 25 30 35 40 45 50 Sweaters (thousands)

13_Economics

Consider the table. What is the opportunity cost of changing from Choice B to Choice C? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to a b EM.26 C d 4 pizzas 2 salads 3 salads 3 pizzas Choice A B с D E ect an answer. Number of Pizzas 2 4 6 8 10 Number of Salads 20 18 15 11 6

| Log in x Page 34 Textbook PPF Q&A-Sul x 00206BF95EF421022 O File /home/chronos/u-becc423e23a17987fb1e9fb3356090d90b3c1144/MyFi 0206BF95EF4210223153858 1/2 Multiple-ChOice Questions 1. To an economist, the cost of going to a movie on Friday night would include a. the price of the ticket. b. the price of snacks while watching the movie. C. the value of the activity you could have done if you did not go to the movie. d. all of the above. Use the figure provided to answer the following four questions. Quantity of guns (units) 1,000 900

what is the potential opportunity cost of upgrading to a balcony suite for your cruise around the Mediterranean sea?

Sue Tom Good A 10 4 Select one: Good B 15 5 As shown in the table above, Sue and Tom each can produce two different types of goods. For Sue, if she only produces Good A, then she can produce 10 units of Good A per day. If she only produces Good B, then she can produce 15 units of Good B per day. For Tom, if he only produces Good A, then she can produce 4 units of Good A per day. If she only produces Good B, then she can produce 5 units of Good B per day. Which of the following statement is correct about comparative advantage? O a. Tom has a comparative advantage over Sue in the production of Good A. Sue has a comparative advantage over Tom in the production of Good B O b. Tom has a comparative advantage over Sue in both tasks O c. Sue has a comparative advantage over Tom in both tasks O d. Sue has a comparative advantage over Tom in the production of Good A. Tom has a comparative advantage over Sue in the production of Good B

2. Determining opportunity cost Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, Discounted price located 15 minutes away from where she works, and pay a Marked-up price marked-up price of $122 for the skirt: Juanita's office Original price Travel Time Each Way Price of a Skirt Store (Minutes) (Dollars per skirt) Local Department Store 15 122 Across Town 30 90 Neighboring City 60 78 Juanita makes $60 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $60 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by…