Microeconomics questions and answers in October 2021

The following graph is the production possibilities curve of a nation.   Which of the following combinations would be unattainable?   Multiple Choice 4 drill presses and 1 bread 7 drill presses and ...
  A nation can produce two products: tanks and autos. The table below is the nation's production possibilities schedule.   Production Possibilities Product A B C D E F Tanks 0 1 2 3 4 5 Autos 1,000 ...
The table shows an indifference schedule for several combinations of X and Y.   Combination Quantity of X Quantity of Y a 20 1 b 16 2 c 12 3 d 10 4 e 9 5   How much of X is the consumer willing to g...
1).   Homework: Philadelphia Foods + Perfect Competition a).  Where does a competitive firms demand curve come from?  Explain why a competitive firm is a price taker.   b).  The Philadelphia wat...
Mexico represents a small part of the world orange market. Draw a diagram depicting the equilibrium in the Mexican orange market without international trade. Identify and label the equilibrium price, ...
Suppose that Ms. Thomson is currently exhausting her money income by purchasing 10 units of A and 8 units of B at prices of $8 and $2, respectively. The marginal utility of the last units of A and B a...
Suppose a credit union has checkable deposits of $500,000 and the legal reserve ratio is 10 percent. If the institution has excess reserves of $10,000, then its actual reserves are Multiple Choice $60...
NOTE: . indicates missing value, do not include those quarters when you create the data in Excel. Year Q1 Q2 Q3 Q4 2014 . . 1,513 1,060 2015 1,431 1,123 994 679 2016 1,485 886 1,256 975 2017 1,256 1,1...
2).  The Recession and Harley Davidson Motorcycles (There are no quantitative calculations in this question, but I expect you to use the data presented as I guide when you provide me your thoughts a...
This question is based on the following table which shows the output combinations of food and clothing available to an isolated city:                        Possibilities     ...
This question is based on the following table.   Household Income                               Average number of car per household        $0 --- $29,999     ?...
Marginal Resource Cost Exercise 1 (Algo) Stephanie is looking to hire workers to help her produce earrings. The current hourlyr market wage rate is $16 per worker. Assume this is a perfectly competiti...