Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Instructions Click on the link below read the intro for the article and watch the video, How the Coronavirus Pandemic Is Changing the Way We

Instructions

Click on the link below read the intro for the article and watch the video, "How the Coronavirus Pandemic Is Changing the Way We Commute. (7:16)" Afterward, answer the questions below. Post your answers/responses by2/2, 11:59pm and reply to at least one of your peers' posts by 2/4, 11:59pm.When you post answers/responses in the reply box, please list which question you are answering (e.g., Q1, Q2,).

https://www.wsj.com/articles/covid-19-pandemic-likely-improved-your-commute-to-work-11609669801

(Links to an external site.)

  1. A production possibilities frontier (PPF) is a curve that illustrates the maximum alternative combinations of two goods that can be produced with a nation's or a firm's available resources and technology. If the amount of time workers need to commute to their jobs decreases, explain how this could affect a firm's PPF.
  2. Before the coronavirus...it took... DarthECON an hour to commute to work. When the pandemic eases, DarthECON expects lighter traffic will shave 15 to 30 minutes off that drivetime DarthECON can spend playing Star Wars monopoly or coaching his favorite sport--basketball..."What is the opportunity cost of the time it takes for DarthECON to commute to work? Explain.
  3. Is an interstate highway a public good? Explain why the highway is or is not (a) nonrival, and (b) nonexcludable. For these last two terms, (a) nonrival, and (b) nonexcludable, your going to have to look it up and explain them.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles A Business Perspective Financial Accounting Chapter 1-8

Authors: James Edwards, Roger Hermanson, Bill Buxton

1st Edition

1461088186, 978-1461088189

More Books

Students also viewed these Economics questions

Question

10-6. How can corporate culture be changed?

Answered: 1 week ago

Question

Context, i.e. the context of the information presented and received

Answered: 1 week ago