PLEASE HELP
Q1 0.125 Points Josel has 60 acres of land. It takes 1 acre to grow 1 bushel of corn and 4 acres to grow 1 bushel of wheat. Outside merchants buy and sell corn and wheat at prices Po = $2 and Pw = $6, respectively. The value-maximizing point of production is O A. Qc = 60 and Qw = 0. O B. Qc = 0 and Qw = 15. O c. Qc = 60 and Qw = 15. O D. Any efficient point of production. O E. None of the above. Save Answer Q2 0.125 Points Josel has 60 acres of land. It takes 1 acre to grow 1 bushel of corn and 4 acres to grow 1 bushel of wheat. Outside merchants buy and sell corn and wheat at prices Po = $2 and Pw = $6, respectively. The PPF is defined by O A. QC = 60-4Qw O B. Qc = 60-1Qw O C. Qw = 15-Qc D. Statements A and C are correct. O E. None of the above. ve Ans Q3 0.125 Points Josel has 60 acres of land. It takes 1 acre to grow 1 bushel of corn and 4 acres to grow 1 bushel of wheat. Outside merchants buy and sell corn and wheat at prices Po = $2 and Pw = $6, respectively. The CPF is defined by O A. Co = 120-3Cw O B. Cw = 20-= Cc O c. Co = 60-3CW O D. CW = 20-3Cc O E. None of the above.Q4 0.1 2 5 Points Josel has 60 acres of land. It takes 1 acre to grow 1 bushel of corn and 4 acres to grow 1 bushel of wheat. Outside merchants buy and sell corn and wheat at prices PC = $2 and PW = $6, respectively. Suppose that Josel wants to consume an equal amount of corn and wheat. Then, after trading with the merchants, O A. Josel sells 45 bushels of corn and consumes 15 bushels of wheat. O B. Josel consumes 15 bushels of corn. 0 C. Josel sells 5 bushels of wheat. O D. Statements A and B are correct. 0 E. None of the above. Save Answer 05 0.1 2 5 Points Josel has 60 acres of land. It takes 1 acre to grow 1 bushel of corn and 4 acres to grow 1 bushel of wheat. Outside merchants buy and sell corn and wheat at prices PC = $2 and PW = 36, respectively. Suppose that Josei wants to consume #2 units of com and as much wheat as possible. Then, trading with the merchants oiiows Josei to increase his consumption of wheat by O A. 1 bushel. O B. 2 bushels. O C. 3 bushels. O D. 4 bushels. O E. None of the above. Q6 0.125 Points Josel owns an energy company. He produces electricity from solar energy and wind energy. The technology is as follows Field Solar Energy Wind Energy Green Field (10 acres) 2 acres needed for each unit 2 acres needed for each unit Red Field (12 acres) 3 acres needed for each unit 1 acre needed for each unit Outside merchants buy and sell solar energy and wind energy at prices Ps = $2 and Pw = $4, respectively. The value-maximizing point of production is O A. Qs = 9 and Qw = 0. O B. Qs = 0 and Qw = 17. O C. Qs = 5 and Qw = 12. O D. Qs = 4 and Qw = 5. O E. None of the above. Save Answer Q7 0.125 Points Josel owns an energy company. He produces electricity from solar energy and wind energy. The technology is as follows Field Solar Energy Wind Energy Green Field (10 acres) 2 acres needed for each unit 2 acres needed for each unit Red Field (12 acres) 3 acres needed for each unit 1 acre needed for each unit Outside merchants buy and sell solar energy and wind energy at prices Ps = $2 and Pw = $4, respectively. The maximum amount of solar energy Josel can consume is O A. Cs = 24 O B. Cs = 9. O C. Cs = 34. O D. Cs = 10. O E. None of the above.Q8 0.125 Points Josel owns an energy company. He produces electricity from solar energy and wind energy. The technology is as follows Field Solar Energy Wind Energy Green Field (10 acres) 2 acres needed for each unit 2 acres needed for each unit Red Field (12 acres) 3 acres needed for each unit 1 acre needed for each unit Outside merchants buy and sell solar energy and wind energy at prices Ps = $2 and Pw = $4, respectively. The maximum amount of wind energy Josel can consume is O A. CW = 17. O B. CW = 12. O C. CW = 5. O D. Cw = 14. O E. None of the above. Save Answer Q9 0.125 Points Josel owns an energy company. He produces electricity from solar energy and wind energy. The technology is as follows Field Solar Energy Wind Energy Green Field (10 acres) 2 acres needed for each unit 2 acres needed for each unit Red Field (12 acres) 3 acres needed for each unit 1 acre needed for each unit Outside merchants buy and sell solar energy and wind energy at prices Ps = $2 and Pw = $4, respectively. Suppose that Josel wants to spend 20 dollars of his income on wind energy and the rest on solar energy. Then, O A. CW = 5 and Cs = 12. O B. Cw = 5 and Cs = 7. O c. Cw = 10 and Cs = 24. O D. Cw = 5 and Cs = 24. O E. None of the above.Q10 0.125 Points Josel owns an energy company. He produces electricity from solar energy and wind energy. The technology is as follows Field Solar Energy Wind Energy Green Field (10 acres) 2 acres needed for each unit 2 acres needed for each unit Red Field (12 acres) 3 acres needed for each unit 1 acre needed for each unit Outside merchants buy and sell solar energy and wind energy at prices Ps = $2 and Pw = $4, respectively. Suppose that the government wants to encourage the production of solar energy (and thus discourage completely the production of wind energy, i.e., Qw = 0). Then, the per-unit tax on wind energy must satisfy [Hint: If the government taxes the production of wind energy, then Josel receives 4-t dollars instead of 4 dollars for each unit of wind energy] O A. 2
