A) the quantity demanded. B) the quantity supplied. C) the average of the quanti
ID: 1248176 • Letter: A
Question
A) the quantity demanded.
B) the quantity supplied.
C) the average of the quantity demanded and the quantity supplied.
D) the smaller of the quantity demanded and the quantity supplied.
25. Becky's maximum production of clogs per hour is represented by point
A) u. B) t. C) v. D) y. E) w.
26. Becky's maximum production of sandals per hour is represented by point
A) u. B) t. C) v. D) z. E) w.
27. Point u is a(n) __________ point in relation to the production possibilities curve.
A) attainable B) efficient C) unattainable D) inefficient E) inefficient and attainable
28. Of the labeled points, ______________ are attainable
A) only t and u D) only w, x, y, z, v, and t
B) only x, y, and z E) only w, x, y, z, v, and u
C) only w, x, y, z, and t
29. Of the labeled points, ______________ are efficient.
A) only t and u D) only w, x, y, z, v, and t
B) only x, y, and z E) only w, x, y, z, and v
C) only w, x, y, z, and t
30. Point t is __________ while point u is __________.
A) unattainable; inefficient D) efficient; inefficient
B) inefficient; unattainable E) efficient; unattainable
C) inefficient; efficient
31. Point y ___________________________ Point v
A) is more efficient than D) illustrates a comparative advantage over
B) is less efficient than E) illustrates an absolute advantage over
C) is equally efficient as
32. If the total benefits of watching 1, 2, and 3 baseball games on TV are 100, 120, and 125 then the marginal benefits are
A) 100,120, and 125. D) 100, 240, and 375.
B) 100, 20, and 5. s;x.i5sp; E) 100, 10, and -30.
C) 100, 609, and 41.67.
ver the quantity demanded is not equal to the quantity supplied, the quantity that is actually sold in the market is A) the quantity demanded. B) the quantity supplied. C) the average of the quantity demanded and the quantity supplied. D) the smaller of the quantity demanded and the quantity supplied. E) the greater of the quantity demanded and the quantity supplied. Use the following to answer questions 25-32: 25. Becky's maximum production of clogs per hour is represented by point A) u. B) t. C) v. D) y. E) w. 26. Becky's maximum production of sandals per hour is represented by point A) u. B) t. C) v. D) z. E) w. 27. Point u is a(n) __________ point in relation to the production possibilities curve. A) attainable B) efficient C) unattainable D) inefficient E) inefficient and attainable 28. Of the labeled points, ______________ are attainable A) only t and u D) only w, x, y, z, v, and t B) only x, y, and z E) only w, x, y, z, v, and u C) only w, x, y, z, and t 29. Of the labeled points, ______________ are efficient. A) only t and u D) only w, x, y, z, v, and t B) only x, y, and z E) only w, x, y, z, and v C) only w, x, y, z, and t 30. Point t is __________ while point u is __________. A) unattainable; inefficient D) efficient; inefficient B) inefficient; unattainable E) efficient; unattainable C) inefficient; efficient 31. Point y ___________________________ Point v A) is more efficient than D) illustrates a comparative advantage over B) is less efficient than E) illustrates an absolute advantage over C) is equally efficient as 32. If the total benefits of watching 1, 2, and 3 baseball games on TV are 100, 120, and 125 then the marginal benefits are A) 100,120, and 125. D) 100, 240, and 375. B) 100, 20, and 5. E) 100, 10, and -30. C) 100, 609, and 41.67.Explanation / Answer
1. A25. E
26. C
27. C
28. D
29. E
30. B
31. C
32. B (change in total benefit is marginal benefit) If you have specific question about my answers, just msgme
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.