. DepartmentDriverCostMixingdepartmentLiquidmaterialsGallons$2,304DrymaterialsPounds6,941UtilitiesMachinehours1,422BottlingdepartmentBottlesUnits$77,000LabelingLabelsperbottle6,525MachinesetupSetups20,000\begin{matrix} The fact that there are only two goods produced in this theoretical economy, when, in reality, economies produce many more types of goods, means this model is generally useless. Is there an analogous goal for labor unions? Based on this model, households earn income when firms purchase factors in factor markets. From the previous analysis, you can determine that as Jacques increases his production of trucks, his opportunity cost of producing one more truck increases . B The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. 45 d. Demands This PPF is not an economic model. The $100 Shen spends to purchase tax services from A-Plus Accountants. The incidence of the, Which of the following is NOT included on a RACI? Suppose South Africa produces two types of goods: agricultural and capital. A) It provides you an opportunity to acknowledge the assistance of a remote team member. This PPF is not an economic model. BARLEY (Miions of busheis) For instance, when you look at the vertical axis, you see that if the United Kingdom produces zero bushels of corn, it can initially produce a maximum of 90,000 industrial robots per year. The fact that there are only two goods produced in this theoretical economy is a simplifying assumption that still allows economists to demonstrate key economic concepts. Again, consider combination D, and consider the effects of moving from there to combination E. Both before and after Jacques buys the tool, he can produce 19 balls if he devotes 6 hours to producing them and 20 balls if he devotes 8 hours to producing them. b. It addresses decision-making. , 1. The opportunity cost, A: Two economies - A & B https://www.sobtell.com/q/tutorial/default/206965-eco-102-macroeconomics-unit-1-milestone-1-sophia-c Despite their differences, with which proposition are two economists chosen at random most likely to agree? For example, under combination D, Jacques spends 2 hours producing trucks and 6 hours producing balls. https://www.sobtell.com/q/tutorial/default/206965-eco-102-macroeconomics-unit-1-milestone-1-sophia-c Little Havana pays Yakov $450 per week to wait tables. True , gh it was immature attempt at humor. Purchase of goods and services a. Diego The points on the production possibilities frontier represent all combinations of output produced using all of the nation's available resources and its current technology, such that the nation cannot produce more of one good without producing less of the other. Positive statements may be false (for example, "You are the king of Spain"), and normative statements may reflect the value judgments of a large majority of people (for example, "It is wrong to kill innocent children"). While many economic questions are open to debate, the field is largely in agreement on some points. I need help with understanding this. Reduce the rate of inflation A positive statement is one that seeks to describe the world as it is. Course Hero is not sponsored or endorsed by any college or university. The minimum wage should be raised to $15 per hour. Using your answers to part a, identifypoints A, B, C, and D on your graph.c. The incidence of the subsidy on the consumer will decrease. 4. Dinah's Diner pays Brian $225 per week to work as a short-order cook. B Valerie earns $550 per week working for A-Plus Accountants. O This PPF is not an economic model.

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