The government sets a minimum price for prof. Ernst's brussel sprouts. This is called a Group of answer choices get rich quick scheme quota price support market growth policy

OSA Moving from point B to D Good Y A O A. ii only OB. i and ii C O C. i only O D. i, ii and iii B D i. Economic growth takes place ii. The production technique for producing good Y remains the same iii. More of both goods can be produced Good X

Why is Beijing have urbanization

Which is microeconomics or macroeconomics? a) A comparison of alternative tax policies and thier respective impacts on the rate of the nation's economic growth b) the effect of government regulations on car emissions c) the decision by Mc Donalds to hire fewer workers becuase of an increase in the minimum wage d) the stock market plunges by 1000 points due to uncertainty

The owner of Barb’s Burgers has suggested the firm should invest in more moderntechnology and created a list of potential changes she thinks may be helpful as aninvestment. She has asked you to analyze the four potential choices and comment onwhat this would change in terms of cost: Hire a firm to create an online system to allow customers to order even when theyare not physically at Barb’s Burgers. This would allow for people to ensure theirorders were input correctly for those who are pickier eaters. The online systemwould need to be integrated into the point of sales system to track orders for thekitchen Question: Argue how each of these is likely to change the cost of the firm once implemented (i.e. are any of these a fixed cost or a variable cost). How this adjust theamount of labour and/or capital currently necessary for the firm? Would the technology be a general technology, labour-saving, or capital-saving?

What are the differences in the way a market process vs. a command process attempt to deal with the basic economic problem scarcity?

Ryanair is considering offering dascounted flights from New York to Honolulu. The airlıne is offering a free round-trip ticket ko Hawata to the firu 600 people who show up at the new Hoedulu canunter in the aırline's main officT, starting Menday, the first day of basiness. You arrive 24 hours before it Es scheduled to open to be sure to get the free ticket, and you buy food from airport vendors whule waiting in line You successfully cbeaum the ticket What was the cost to you of obtainang the teket O the actual valae of the ticket the cost of food while you waited in line O the cost of ford while yuu wasted in line and the opportunity cost of the time you spent in line the actual value of the tacket and the cost of food while you waited in line

The owner of Barb’s Burgers has suggested the firm should invest in more moderntechnology and created a list of potential changes she thinks may be helpful as aninvestment. She has asked you to analyze the four potential choices and comment onwhat this would change in terms of cost:  Allow Barb’s Burgers to be delivered via the pre-existing food delivery systems.For example, allow people from Doordash/Uber Eats to pick-up orders and deliverthem. This would require the firm to make some minor changes and result in fewerparking spaces for customers dining at the restaurant. Question: Argue how each of these is likely to change the cost of the firm once implemented (i.e. are any of these a fixed cost or a variable cost). How this adjust theamount of labour and/or capital currently necessary for the firm? Would the technology be a general technology, labour-saving, or capital-saving?

Explain three ways economist define market efficient. How does efficiency relates to the economist's definition of market failure? What market structure is least likely to represent a failed market?

Suppose the government, as part of its fight against COVID, allows restaurants to open but requires customers to be socially distanced, reducing the number of tables and the maximum number of customers who can be served a. Give an example of a fixed cost associated with running a restaurant? b What costs would you expect to be part of the extra cost asSsociated with serving one more diner in the restaurant? c. How would you expect the social distancing policy to affect the marginal and average cost.of serving a meal? You might find drawing a diagram helpful. d. How would you expect the social distancing policy to affect the price charged fona restaurant meal? You might find drawing a diagram helpful. e What would you expect to be the effect of the sccial distancino policy on entry and extinthe restaurant sector? You might fino drawing.a diagram helpful.