ritikaagarwal998

Answer the next question on the basis of the followingproduction possibilities data for Landia and Scandia:
Landia production possibilities:
A B C D E
Fish 8 6 4 2 0
Chips 0 4 8 12 16
Scandia production possibilities:
A B C D E
Fish 48 36 24 12 0
Chips 0 12 24 36 48
Refer to the above data. What would be feasible terms of tradebetween Landia and Scandia?

Answer the next question on the basis of the following productionpossibilities data for Egypt and Greece:
Egypt production possibilities:
A B C D E
Shirts 0 50 100 150 200
Pants 1200 800 400 200 0

Greece production possibilities:
A B C D E
Shirts 120 90 60 30 0
Pants 0 90 180 270 360

Refer to the above data. What would be feasible terms of tradebetween Egypt and Greece?

Answer the next question on the basis of the following production possibilities data for Egypt and Greece:
Egypt production possibilities:
A B C D E
Shirts 0 3 6 9 12
Pants 24 18 12 6 0

Greece production possibilities:
A B C D E
Shirts 40 30 20 10 0
Pants 0 40 80 120 160
Refer to the above data. What would be feasible terms of trade between Egypt and Greece

A certain production possibilities frontier shows production possibilities for two goods: pants and shirts. Which of the following concepts can not be illustrated in this model?

Can a Production Possibility Frontier ever shift inward?

No, an economy's capacity to produce always increases over time.

Yes, if new regulations restrict a country's capacity to produce goods or if a natural disaster destroys infrastructure.

No, but an economy can produce at a point inside of its PPF.

Yes, if it has underutilized resources. (Lots of unemployment, for example).

Because resources are not equally well suited to producing all goods,

Select one:

a. as more of a good is produced, the inputs used to produce that good will increase in price.

b. the opportunity costs of producing a good will increase as more of that good is produced.

c. as more of a good is produced, the quality of that good declines, and therefore the costs of production increase.

d. the opportunity costs of producing a good will decrease as more of that good is produced.

Consider two countries, Estonia and Ukraine. Estonia devotes a larger portion of its production to capital. All other things equal which of the following statements is most likely true?

Select one:

a. Ukraine is producing inside its production possibility frontier, whereas Estonia is producing at a point on its production possibility frontier.

b. Estonia is a poorer country than Ukraine.

c. Estonia's production possibility frontier will shift up and out farther and faster than Ukraine's.

d. Estonia will move up its production possibility curve faster than Ukraine.

Economic growth will most likely occur when

Select one:

a. technology remains unchanged but unemployment increases.

b. a society decides to produce less using existing resources.

c. the society begins to produce the combination of goods society wants most.

d. a society acquires new resources.

For an economy to produce at a point ________ current production possibility frontier, the economy must increase its resource base.

Select one:

a. beyond its

b. which is optimally efficient on its

c. inside its

d. higher up on its

Production is inefficient

A. Only when an economy is producing inside its production possibility frontier (PPF).

B. Only when an economy is producing at the origin (0,0) on the PPF.

C. Production is never inefficient

D. Only when the economy is producing outside the PPF

6. If an economy experiences unemployment, its position could becharacterized by a point
a. On its production possibility curve, but on one of theaxes.
b. Outside of its production possibility curve
c. Inside its production possibility curve
d. On its production possibility curve

Definition of production possibility curve and it's assumptions 

8) Suppose that in a recent market period, an industry wide survey determined the relationship between the price of prerecorded movie DVDs and the quantity supplied and quantity demanded shown in the table below and depicted in the graph.

1. Demand has (deceased, increased or remained the same)Suppose that a survey for a later market period indicates that the quantities supplied in the table are unchanged but the quantity demanded has increased by 30 million units at each price.

2. What is the new equilibrium price $______

3. What is the new equilibrium quantity?____million units

If a change in ceteris paribus conditions described below could cause the demand to increase, indicate yes Otherwise, indicate no

4. An increase in the number of buyers (No or Yes)

5. A decrease in the cost of production (No or Yes)

Consumer incomes decrease (DVDs are a normal good) (No or Yes)

6. The price of movie downloads rise (No or Yes)

7. The number of sellers increases (No or Yes)

What are the techniques to understand language?

Suppose demand and supply are given by Q^d = 50 - P and Q^s = 1.0P - 10.

a. What are the equilibrium quantity and price in this market?

Equilibrium quantity: ?

Equilibrium price: $ ?

b. Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $45 is imposed in this market.

Quantity demanded: ?

Quantity supplied: ?

Surplus: ?

c. Determine the quantity demanded, the quantity supplied, and the magnitude of the shortage if a price ceiling of $25 is imposed in the market. Also, determine the full economic price paid by consumers.

Quantity demanded: ?

Quantity supplied: ?

Shortage: ?

Full economic price: $ ?

A market is described by the following supply and demand curves:

Q^S = 2P

Q^D = 400 - 3P

Solve for the equilibrium price and quantity.

If the government imposes a price ceiling of $70, does a shortage or surplus (or neither) develop? What are the price, quantity supplied, quantity demanded, and size of the shortage or surplus?

If the government imposes a price floor of $70, does a shortage or surplus (or neither) develop? What are the price, quantity supplied, quantity demanded, and size of the shortage or surplus?

Instead of a price control, the government levies a tax on producers of $20. As a result, the new supply curve is:

Q^S = 2(P-20)

Does a shortage or surplus (or neither) develop? What are the price, quantity supplied, quantity demanded, and size of the shortage or surplus?

Suppose that in a recent market period, the following relationship existed betwen the price of tablet devices and the quantity supplied and quantity demanded.

Price: Quantity Demanded: Quantity Supplied:

390 100 million 40 million

400 90 milion 60 million

410 80 million 80 million

420 70 million 100 million

430 60 million 120 million

Graph the supply and demand curves for the tablet devices using the information in the table. What are the equilibrium price and quantity? If the industry price is $400, is there a shortage or surplus of tablet devices? How much is the shortage or surplus?

write a letter to the panel of judges asking for a new trail for Sarah good. In the letter, provide at least three reasons for the judges to grant Ms. Good a new trail and include specific quotes from the transcript below. write 200 words.