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I need help with this question please The PPC below shows how many airplanes and pizzas Country A and Country B can produce with a
I need help with this question please
The PPC below shows how many airplanes and pizzas Country A and Country B can produce with a certain number of workers. 6 Airplanes B Pizzas (millions) | The production possibilities of two countries If the two countries were to specialize and trade with one another, which country would import airplanes? Choose 1 answer: A) Country A B) Country B Neither D) Both E) We can't determine thisJeff is a rational consumer who spends his entire income on food and vacations. The table below describes his marginal utility and the prices of food and vacations. Price of food MU food Price of vacations MU vacations $5 20 $500 2,000 If the price of a vacation decreases to $300, which of the following best describes the income effect of this price change? Choose 1 answer: A He will purchase more of both goods because his total income has increased. B He will purchase less food because the marginal utility per dollar spent on food has decreased. C The price of a vacation relative to food has decreased, so he will buy more vacations. D The marginal utility per dollar spent on vacations is lower, so he will increase how many vacations he purchases. (E He now effectively has more disposable income, which he can spend on more vacations, more food, or both.This graph illustrates two supply curves. P $2 D 5- B 4 3 2- 1. -> Q 7 Two supply curves Which of the following movements would be described as an increase in the supply of a good? Choose 1 answer: A B to A A to C D to C D D to A A to DWhich of the graphs below correctly illustrates a market in equilibrium? Choose 1 answer: X. X X X XIn which of the following scenarios would we definitely know that price will increase but we'd be unable to determine how quantity changes? Choose 1 answer: D J and S t B D t and S t D t and S D D l and S D t and S no changeStep by Step Solution
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