Q: 2. Which point is inefficient? * A, B,D,& F A&B E A&D с E Good X
A: Here, the given graph shows the production possibility curve with good X in x-axis. An inefficient…
Q: When each farmer plants the equilibrium number of seeds, each farmer gets a benefit of each farmer…
A: A market structure in which there are only two dominant firms that control a significant portion of…
Q: Economics A characteristic of a population is called a A confidence interval for a population mean A…
A: a) A characteristics of a population is called a parameter. And we can say that the characteristic…
Q: Joey "Jaws" Chesnut really likes eating Krystal burgers. The following table shows Joey's total cost…
A: The total cost represents the cumulative cost of producing each quantityTotal benefit represents the…
Q: Rita has a budget of £600 to spend on theatre tickets (X) and on restaurant meals (Y). Each theatre…
A:
Q: Using marginal thinking, if you were deciding whether to purchase a second television set, you would…
A: In case of Marginal Analysis, we compare the additional benefits that will be received from an…
Q: What is the set of techniques in the making of decisions, wh looks at them subjectively and does NOT…
A: Cost-Effective Analysis is a decision-making technique that assesses the efficiency of various…
Q: ne following table shows Madison's uiity krom consuming popcom and Coke Suppose that Madhon has…
A: In a market, when a consumer wants to consume two goods, will will choose a combination or a bundle…
Q: explain demand and suply theory on rising food prices in poor countries.
A: The demand and supply theory can help explain why food prices tend to rise in poor countries.…
Q: II. Directions: Read each statement carefully. Write TRUEif the statement is correct, otherwise…
A: 1. The average Filipino e-commerce shopper spent USD 18 on online consumer goods purchases in 2018.…
Q: Suppose your doorbell rings and it is your neighbor's son, off ering to weed your flowerbed, which…
A: In the given situation it is best recommended for owner to pay based on performance or pay based on…
Q: Describe how the patterns of mobile phone subscriptions have changed over time with reference to key…
A: The representation of the data would show a correlation between two or more variables. The economic…
Q: 7. How does economic conditions effect consumer behavior?
A: In the field of consumer behavior, the study of people and organizations, as well as how they choose…
Q: A local college is deciding whether to conduct a campus beautification initiative that would involve…
A: Willingness -to-pay: The maximum amount of money an individual is willing to spend or pay for a…
Q: 4. How do profits and losses act as signals to guide producers to use recourses to make what society…
A: Profits are a positive signal for the supplier/producer and it motivates the firm to produce a…
Q: explain na link between scarcity and choice
A: In an economy, people interact to make various relations such as social, cultural, and economical.…
Q: SEEDS PLANTED BY ALEX 100 80 60 40 20 0 20 40 60 80 SEEDS PLANTED BY MITCH 100 O Alex's BRF O-…
A: The tragedy of the commons is a concept in game theory and economics that describes a situation…
Q: What is revenue and what is the total revenue in economics also the formula for the total revenue
A: In simple words we can say that revenue means the receipts which is generally from the sale of the…
Q: Oescribe Hhe strotugy 450 words. blue ocean in appioximately
A: Bluethe co Ocean is a term which was originated by two business professors Renee Mauborgne and Chan…
Q: 7. When is it good for banks to give out "sub-prime" loans? * when the stock market is going up O…
A: In the banking sector, sub-prime loans refers to the loan provided to the people with low credit…
Q: Which stage/s of the buyer decision process should a marketer put the most emphasis on? Select one:…
A: The buyer decision process include: Need Recognition - Identifying the need for a good Information…
Q: If MUCoffee/PCoffee > MUDonuts/PDonuts you will spend your next dollar of income on coffee you will…
A: The ratio of the MU (Marginal utility) gained from the consumption of good to the good’s price.…
Q: Demand, supply, cost, opportunity cost, prices, income, preferences, utility, choice, etc. Using…
A: Demand for a commodity the desire backed by ability to buy and willingness tp pay for the commodity.…
Q: If Mr. White decides to open his sporting goods store, what is the opportunity cost of this…
A: If Mr. White opens a sporting goods store in the building then he is using the place for himself…
Q: If coupon clipping is so rewarding, why doesn't everyone do it? According to basic economic theory,…
A: Coupon clipping is referred to as a practice of finding discounts on consumer goods such as…
Q: Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores…
A: *ANSWER :-
Q: Give three examples of important trade-offs that you fqcevin your life
A: A trade-off is a tactical decision that entails sacrificing or losing one feature of a set or design…
Q: Boris budgets $18/wk for his morning coffee with milk. He likes it only if it is prepared with 2…
A: Budget Constraint:A budget constraint represents the limitation on the total amount of goods and…
Q: . What is the benefit of something measured by what you are willing to give up?
A: Measuring the things which are going to be given up will help to compare the decisions, the cost and…
Q: Ryanair is considering offering discounted flights from New York to Honolulu. The airline is…
A: Meaning of Opportunity Cost: The term opportunity cost refers to the situation under which the…
Q: Which is NOT the stage that customers go through in the process of adopting a new product?
A: The 5 stages are: product awareness, product interest, product evaluation, product trial, and…
Q: Popular software can cost thousands of dollars even though the marginal cost of producinganother…
A: Meaning of Marginal Cost: The marginal cost refers to the situation under which the firm or an…
Q: The paradox of value between diamonds and water is explained by the fact that the O total utility of…
A: ‘Utility’ or total utility refers to the satisfaction, which a consumer derives from consuming a…
Q: Burritos 500 450 400 350 300 250 200 150 100 50 Adam's Production Possibilities Frontier Burritos…
A: In this case, we have to discuss about the production possibilities frontiers. Production…
Q: how does each consumers indivual consumer surplus change
A: Introduction:Consumer surplus represents the economic gain that consumers experience when they buy a…
Q: 10. Define: Monopoly:the exclusive possession or control of the supply of or trade in a commodity or…
A: 10. a) Monopoly: the Exclusive possession or control of the supply of trade in a commodity or…
Q: Use the following fgure to answer Question 11-20 Figure. Market structure and social we nthe above…
A: A firm in perfectly competitive market charges price equal to marginal cost. So, the quantity…
Q: Juanita is a talented artist who sells hand-crafted goods on her website. Juanita currently crafts…
A: Opportunity cost is the cost of producing 1 good in terms of another.Opportunity cost shows the…
Q: Wendy Be Help ell me what you want to do ー t ▼ 스▼tt ▼ TNorm allTNo Spac Heading 1 Heading 2 Title…
A: Opportunity cost refers to the next best alternative that you give up for something. If we analyze…
Q: apples would Kevin have to consume before he considers purchasing another banana? A C E Number of…
A: Utility is refered to be as the satisfaction gained while consuming a good or service.
Q: Quantity Total Benefit 0 20 60 300 500 Total Cost 20 Marginal Benefit 5 Marginal Cost
A: The basic concept that will be used to fill missing values in the given table Marginal benefit is…
Q: Explain, Why is the marginal utility curve declining with incresed consumpition of burgers?
A: ANS Marginal Utility (MU) is the change in the total utility when an additional unit of the…
2. Your
a. thepriceoftheticket.
b. thepriceoftheticketplusthecostofanysodaand
p
Step by step
Solved in 2 steps
- (ii O Calendar Assessments Guides Registration Student Forms History Ext. Asmt. Student Files Contact Us Question 13 A local restaurant offers an "all you can eat (ayce)" brunch for $15. Jose eats three servings but leaves half of his fourth helping uneaten. Why OA. His marginal value of an additional bite has fallen to zero OB. The total value he has placed on brunch is $15. OC. His marginal value of additional food has fallen below $5 ($15 divided by 3). O D. His marginal value of brunch has fallen below $15. < Previous CSub : EconomicsPls answer very fast.I ll upvote correct answer. Thank You1. What makes a certain behavior unethical? * a.If it might cause harm to yourself. b.If it might cause too much happiness to others. c.If it might cause confusion to others. 2. A normative study of ethics, as is often done in philosophy or moral theology, engages the question: What could or should be considered as the right way of acting? Identify a good example that could illustrate what normative study of ethics is a .Ethics is based on the primitive practices of humans. b. Ethics is based on existing doctrines and tells us what is the prescribe human behaviors. c. Ethics is based on religious practices 3. What makes rule necessary for peace and order? * a.Rule forces people to comply with societal standards. b.Rule organizes moral development of the members of society. c. Rules guide people to do what they want and need to do. 4. Which of the following is a moral issue? a. A student finds naked painting offensive. b. A student confuse about his/her career. c. A student…
- Answer this questionThe New York Times reports that cruise lines have been slashing prices and cruise sales are up. It says this surge of interest tells us that despite the uncertain economic climate, people clearly need more fun in their lives and view their vacations as a valuable and necessary part of it. How would you make a rational choice about taking a cruise? To make a rational choice you would O A compare the marginal benetit from taking the cruise with the marginal cost of the cruise O B. consider the length of the cruise and the route it will take OC. chose the cruise line with the cheapest prnce regardless of its amenities O D. check with the National Hurricane Center about weather onroute O E chose the ship with the most amenities regardless of the price of the cruise68. The principle statimg that a pers off if helshe continues to increase the activity until manginal est is called: on will be better benefit is equal to manginal Co a. dven b. mangimal utulity princple C. Incremental utility principle age utility prun cip le d. d None of the above
- 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 $60 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by…mail publisher tests two for the same book." how to get rich in real state."at 15$ and 25$. He mails each to ad to 5000 rndomly selected names from a list of book buyers . 150 people order the book for 25 $, while 250 respond to the 15$ offer. The mail order publisher decides to advertise all future for 25$. Dis he make a mistake? ( hint: how much does it cost to produice and fulfill the orders for the book? What is the value of the book buyers list?)I need help. Match the definition.
