The graph shows the market for cashews. What is the equilibrium price of cashews? What is the equilibrium quantity of cashews? Is the market for cashews efficient or inefficient? Why? The equilibrium price of cashews is $a pound and the equilibrium quantity of cashews is pounds. billion The market for cashews is OA. inefficient only if the cost of growing all the cashews is an average of $6.00 a pound OB. efficient because the marginal benefit of cashews equals the marginal cost of producing them, which is $6.00 a pound OC. inefficient because growers of cashews receive a large producer surplus OD. efficient because the benefit of each pound of cashews consumed equals the cost of growing it OE. efficient only if the total benefit of the cashews equals $6.00 a pound 12.00- 10.00- 8.00- 6.00- 4.00 2.00 0.00+ 0 Price (dollars p 3 Quantity (b

PLEASE FILL IN THE CHART BELOW FOR THE ARTICLE!! Microeconomics For the article, write the number of the graph that best describes what happened. Fill in only the appropriate boxes in each chart for each article and be sure and indicate if it is an increase or a decrease.   Recent flooding in Australia, have driven up prices for items ranging from coffee beans to beef. Prices of corn and soybeans, used as feed for cattle and chicken, have leapt over the past six months, pushing up meat prices. As a result, meat prices have also increased. Restaurant chain Johnny Rockets, known for its burgers, uses about eight million pounds of ground beef a year, and its prices have risen over the last two months, says Ray Masters, senior vice president of purchasing and distribution. Fill in the Answer sheet for the article. Make sure you fill in the graph by marking it as a decrease or an increase in each box. Leave it blank if there is no change.  Use a ?  If you can’t tell if there is a decrease…

Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool (?) Market for Keyboards 80 72 Supply Price (Dollars per keyboard) 64 56 Quantity Demanded (Keyboards) Quantity Supplied (Keyboards) 48 40 32 Demand 24 16 1 n I 8 I 0 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Keyboards) A F10 3°F in coming F1 1 PRICE (Dollars per keyboard) F2 * 2 + + -0- F3 :Q+ # 3 F4 $ 4 F5 O O % 5 F6 I F7 a> 6 = F8 16 310 & 7 CI F9 * 00 8 D ( 100 9 F11 F12 0 Fn Lock A-Z L bongo 0 12:12 PM 5/28/202 Insert Prt S

1. The economy's income and expenditure The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Firms Markets for Goods and Services Markets for Factors of Production Based on this model, households earn income when Households purchase in markets for factors of production. Suppose Megan earns $575 per week working as a flight attendant for Flyaway Airlines, She uses $9 to order a mojito cocktail at Little Havana. Little

The market for bell peppers is competitive. For bell peppers to grow properly they need substantial rainfall. A very dry winter in California did not produce enough rain to grow bell peppers in California, one of the major bell pepper growing regions of the world. In the graph below, click on the equilibrium point that illustrates the effect of insufficient rainfall on the market for bell peppers. P 0 D" S $

PLEASE FILL IN THE CHART BELOW FOR THE ARTICLE!! Microeconomics For the article, write the number of the graph that best describes what happened. Fill in only the appropriate boxes in each chart for each article and be sure and indicate if it is an increase or a decrease.   Recent flooding in Australia, have driven up prices for items ranging from coffee beans to beef. Prices of corn and soybeans, used as feed for cattle and chicken, have leapt over the past six months, pushing up meat prices. As a result, meat prices have also increased. Restaurant chain Johnny Rockets, known for its burgers, uses about eight million pounds of ground beef a year, and its prices have risen over the last two months, says Ray Masters, senior vice president of purchasing and distribution. Fill in the Answer sheet for the article. Make sure you fill in the graph using a ⬆  Leave it blank if there is no change.  Use a ?  If you can’t tell if there is a decrease or an increase. Use the graphs attached…

Complete each statement below about the demand and supply of bicycles using the dropdown list. In each case, assume everything else remains the same and bicycles are a normal good. You may use the same answer more than once. Consider each scenario described below for the supply of bicycles: • If there was an increase in cost of materials in bicycle production the change in quantity supplied would be modelled as a • If the numbers of bicycle leftward shift of the supply curve htity supplied would be modelled as rightward shift of the supply curve movement along the supply curve a Consider each scenario listed below for the demand of bicycles: • If there was a decrease in the price of a substitute the change in quantity demanded would be modelled as a • If the legacy from the London Olympics encourages more people to cycle to work; the change in quantity demanded would be modelled as a

Suppose a decrease in the world demand for desktop computers causes the price of desktop computers to fall from $600 to $500. Before the fall in demand, Juna, a local computer dealer in Japan, used to produce 9,000 desktop computers and exported 50 percent of it to other countries every week. However, after the fall in demand, Juna reduced its production to 8,000 units and exports only 40 percent of its total output.a. What are the changes in the quantity sold to domestic consumersb. What are the changes in the consumer surplus?c. Sketch a diagram to illustrate the changes for Juna.

Consider the market for new houses.  If the price of lumber increases significantly, explain the effect of the change on the market equilibrium for new houses.  Use the 4 step process in your answer. View keyboard shortcuts

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