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Imagine the country of Zed, which has the following production possibilities curve:
What is the opportunity cost between tanks and noodles? Is it constant?
Graph the ppc.
True, false, uncertain, and explain: “This economy should produce 30 noodles and 300 tanks because that is the most even distribution of resources between the two goods.”
Tanks: Noodles:
0 51
100 45
200 38
300 30
400 21
500 11
600 0
What is the opportunity cost between tanks and noodles? Is it constant? Graph the ppc. True, false, uncertain, and explain: "This economy should produce 30 noodles and 300 tanks because that is the most even distribution of resources between the two goods."
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The Blue Dragon Restaurant is a new Chinese Restaurant in town. As the only Chinese restaurant in the area, it faces the following daily demand curve:
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Use the following to answer the questions below: z is the marginal utility per dollar, x is the amount spent on product A, and y i the amount spent on product B. Assume MUA = z = 10 x and MUB = z = 21 2y. Assume that the consumer has $10 to spend on ..
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Where one the theoretical Production Possibility Frontier (PPF) do you think the US was on September 10, 2001? What happened thereafter? Support your answer with evidence such as unemployment rates, labor participation rates and information on invest..
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