m I] 14. {01.05 MC) Roger can use his existing resources to produce the following combinations of goods. Bicycles Skateboards D 10 l B 2 5 3 0 Based on this information, which of the Following statements is true? (2 points} 0 The opportunity cost is constant For producing bicycles. 0 Roger should specialize in bicycles. 0 Roger should specialize in skateboards. O The opportunity cost of the third bicycle is 5 skateboards. 0 Roger enjoys an absolute advantage in the production of skateboards. l I I : E.l01.06 MCl Below shows the total utility Mary enjoys based on eating different quantities of miniature croissants. Miniature Powdered Donuts Consumed Total utility (utils) l 12 2 20 3 26 4 29 5 28 6 25 Based on the table above, what is the marginal utility of the fth miniature croissant? [2 points) 0 Indeterminate 22. (01.06 HC) Below is the marginal utilities Rachel receives from books and coffee. Units of Books Marginal Utility of Books Units of Coffee Marginal Utility of Coffee 1 16 1 6 2 14 2 3 12 3 4 4 10 4 3 5 8 5 2 6 6 1 Rachel has $10 of income and spends it all on books and coffee. If the price of a book is $2 and the price of a coffee is $1, Rachel will maximize utility by purchasing which of the following combinations of books and coffee? (2 points) 5 books and 0 coffees 4 books and 4 coffees 4 books and 2 coffees 3 books and 4 coffees 2 books and 6 coffees24. (01.06 HC) Below is the total benefit Michelle estimates she would get for eating handfuls of dried cranberries in one sitting. Number of Handfuls Total Benefit (dollars) $2.00 N $3.50 3 $4.50 4 $5.00 Un $5.25 $5.00 $4.00 If a handful of dried cranberries costs $0.50, what is the optimal number of handfuls for Michelle to eat? (2 points) O 2 O 3 O O 5 O 66. (01.03 MC) Use the graph to answer the prompt. (2 points) C Product 1 OE D Product 2 Production at point E would mean that O resources are wasted O an increase in trade occurs O all products are used O economic efficiency is achieved O more products are producedm D 1(01'03 MC) Use the graph to answer the prompt. {2 points} GoodA GoodB The shape of this production possibility curve illustrates O that the producer's resources are equally suited to produce good A and good B O that it would be inefficient to produce only good A or only good B O the increasing opportunity cost of changing production from A to B or vice versa 0 constant opportunity cost for producing A and B O decreasing marginal utility for the consumption of both goods