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Can you please help solve these questions? 10 5 points eBook Investment Goods(units per time) A Ask N Print 1 2 3 4 5 6

Can you please help solve these questions?

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10 5 points eBook Investment Goods(units per time) A Ask N Print 1 2 3 4 5 6 8 9 10 References Consumer Goods(units per time) Use the figure above to answer the following questions. a. What is the opportunity cost of increasing investment from 6 units to 8 units? b. What will happen to future production possibilities if investment increases now? Production possibilities will c. What will happen to future production possibilities if only consumer goods are produced now? Production possibilities will2 Suppose the following data describe output in two different years: 10 Item Year 1 Year 2 points Apples 20,000 @ $0.25 each 30,000 @ $0.30 each Skipped Bicycles 700 @ $800 each 700 @ $800 each Apps 10,000 @ $1.00 each 12,000 @ $2.00 each eBook Ask a. Compute nominal GDP in each year. Print Year 1: Year 2: References b. By what percentage did nominal GDP change between Year 1 and Year 2? Percentage change = [(new value - original value)/original value]*100 Instructions: Round your response to one decimal place. Nominal GDP by C. Now compute real GDP in Year 2 by using the prices of Year 1. Real GDP: d. By what percentage did real GDP increase between Year 1 and Year 2? Percentage change = [(new value - original value)/original value]*100 Instructions: Round your response to one decimal place. Real GDP by3 Assume that total output is determined by the formula: Total output = number of workers x productivity 5 Hint: Assume there are 100 workers and each worker produces $100 of output. points Instructions: Round your responses to one decimal place. a. If the workforce is growing by 1 percent a year but productivity doesn't improve, how fast can output increase? eBook Output can increase by b. If productivity increases by 1 percent and the number of workers increases by 1 Ask percent a year, how fast will output grow? Output will grow by Print ReferencesWeek 6: Homework i Saved Help Save & Exit Submit Check my work 4 Complete the following table and answer the following questions. Before-Tax Income Tax Rate Tax Paid After-Tax Income 10 High-income family $500,000 37% points Middle-income family 50,000 20% eBook Low-income family 20,000 10% Ask Print References Using the table, the ratio of a high-income family's to a low-income family's Instructions: Round your responses to one decimal place. a. before-tax income is: 0 1 b. after-tax income is: 0 1 c. Is this tax progressive?Week 6: Homework 0 Saved Help Save & Exit Submit 5 Which curve shifts. and in what direction. when the following events occur in the local burrito shop market? a. College students arrive back into town for the fall semester. 5 points (Click lac select} v b. Two more Chipotle restaurants open. eBook Ask (Click lac select} v pm\" c. Several pizza shops open. References (Click 1:) select} v Week 6: Homework 0 Saved Help Save & Exit Submit 6 If the equilibrium price for tickets to a a Romeo Santos concert is $130 each and he sells them for $105. a. Does he create a market surplus or shortage? 5 points 0 Shortage O Surplus 9300K 0 Neither a shortage nor surplus Ask P I b. Suppose scalpers buy 12,000 tickets and resell them for $130 each. How much profit do the scalpers earn? r M References $ 7 Market for Tutoring 5 60 points 55 Market supply Price of Tutoring(dollars per hour) 50 eBook Ask Print 10 en Market demand 75 100 125 150 175 O References 25 50 Quantity (hours per semester) a. Determine the size of the market surplus or shortage that would exist at a price of $45. There will be a hours . b. Determine the size of the market surplus or shortage that would exist at a price of $20. There will be a of hours .8 NEWS WIRE MARKET SHORTAGE 5 Scalpers Profiting Greatly from Pope's Visit points New York. Pope Francis' visit to New York City was a blessed event. It was also a blessed opportunity for ticket scalpers. 93,000 New Yorkers applied for tickets to watch the Pope's procession through Central Park. But church officials had only 40,000 tickets to distribute, which they did by lottery - for free. That left 53,000 New Yorkers without tickets. It was a scalper's heaven. Sinful resellers immediately started hawking tickets online. The free tickets were simply eBook mailed in a PDF to lottery winners, with no ID required, making them easy to resell. Scalped tickets sold for as much as $3,000 a pair. Although church officials urged scalpers to repent, the opportunity for profit was irresistible. Ask Source: News accounts, September 2015 Print References According to the News Wire, a. How large was the market shortage at the Church-set price of $0? tickets b. If the Church had sold the tickets for $100, how would have quantity demanded changed? Quantity demanded would have likely c. If the Church sold the tickets for $100, would the market shortage have been larger or smaller? The market shortage would have likely been d. If the Church sold the tickets for the equilibrium price, would a market shortage exist

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