Reference no: EM138265

Q1. In which of the following cases should the United States produce more noodles than it wants for its own use and trade some of those noodles to Italy in exchange for wine?

Q2. Use the laws of conservation of matter and energy to describe by a car the consumption of fuel. Explain what are the inputs and outputs of matter and energy? (Note: Gasoline is a mixture of organic compounds containing carbon-hydrogen bonds.)

Q3. If price is 6.4, MR is 3.1, TR is 6400 Qty is 1000, TC is 6400, MC is 3, ATC is 6.4, AVC is 3.24 should I increase, decrease, shut down, or remain at current output level, and why?