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Question: l simple lte 942 am mailasaedu 10 albert betty christine...

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l Simple LTE 9:42 AM mail.asa.edu 10-. Albert, Betty, Christine and David are all very good students. When they hold their study sessions, they often discuss very difficult concepts in great detail. Christines roommate, Elizabeth, who takes completely different classes, still learns from the discussions of the others. This is the case of a(n) which benefits thind 11-Consider the following table for the neighboring nations of North East and West Coast. The table lists maximum feasible hourly rates of production of pastries if no sandwiches are produced and maximum feasible hourly rates of production of sandwiches if no pastries are produced. Assume that the opportunity costs of producing these goods are constant in both nations Product Coast Pastries (per hour) Sandwiches (per hour) North East West 50,000 100,000 25,000 200,000 a. What is the opportunity cost of producing pastries in North East? Of producing sandwiches in North East? b. What is the opportunity cost of producing pastries in West Coast? Of producing sandwiches in West Coast? c. Which nation has a comparative advantage in producing pastries? Which nation has a comparative advantage in producing sandwiches? 12-Does the phrase unlimited wants and limited resources apply to both a low-income household and a middle-income household? Can the same phrase be applied to a very high-income household? Briefly discuss.
Simple LTE 9:43 AM a mail.asa.edu 27-In Exhibit 6, if promoters charge a price of S10 per ticket, then their total revenue is: a. S240,000 b. $300,000 c. S333,333 d. $800,000 28-In Exhibit 6, if promoters raise their prices from $10 to S40 per ticket, then their total revenue will a. increase c. remain unchanged. d. react unpredictabl Exhibit 7. Suppose that in a recent market period, the following relationship existed between the price of tablet devices and the uantit lied and Price Supplied S330 S340 S350 $360 S370 Quantity Demanded Quantity 100 million 90 million 80 million 70 million 60 million 40 million 60 million 80 million 100 million 120 million 29-Graph the supply and demand curves for tablet devices using the information in the table. What are the equilibrium price quantity? and 30- In Exhibit 7, If the industry price is $340, is there a shortage or surplus of tablet devices? How much is the shortage or surplus? 31- Suppose that in a later market period, the quantities supplied in the Exhibit 8 are unchanged. The amount demanded, however, has increased by 30 million at each price. Construct the resulting demand curve in the illustration you made for question 26. Is this an increase or a decrease in demand? What are the new equilibrium quantity and the new market price? Give two examples of changes in ceteris paribus conditions that might cause sucha change
ll Simple LTE 9:43 AM mail.asa.edu change 32-A favorable balance of trade occurs when: a. exports equal imports. b. the balance of payments balances. c. the current and capital account in the BOP are equal. d. the value of the exports of goods exceeds the value of the imports of goods. of the imports of 33- An increase in inflation in the United States relative to the rate e. the value of the exports of goods is less than the value in France would make: Exhibit 8. Foreign exchange market for U.S. dollars and British pounds 34-Exhibit 8 shows a situation in which: 35-Which of the following could cause the dollar-pound exchange rates to change as shown in Exhibit 8?
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