Solve the following
OPPORTUNITY COST WORKSHEET 2 Below, you are provided Gerardo's Production Possibilities Frontier between biology homework and economics homework before and after he attends economics tutoring sessions. You will use this information to identify how a technological innovation that affects production of only one good alters the opportunity cost associated with producing both goods. PPF1 depicts Gerardo's PPF between biology homework and economics homework before he attends economics tutoring sessions. PPF2 depicts Gerardo's PPF between biology homework and economics homework after he attends economics tutoring sessions. 14 Economic Homework (in pages] 10 12 14 Minlazy Homework [in pages) Part 1: Before Gerardo attends economics tutoring sessions, what is his opportunity cost of producing an additional page of economics homework? Part 2: Before Gerardo attends economics tutoring sessions, what is his opportunity cost of producing an additional page of biology homework? * Part 3: After Gerardo attends economics tutoring sessions, what is his opportunity cost of producing an additional page of economics homework?QUESTION 8 Porter's Five Forces model is based on: O industrial organization economics. labor and demographic economics. business administration and business economics. environmental and ecological economics.A professor records the majors of her 30 students as follows: Accounting Economics Undecided Finance Management Management Finance Marketing Economics Management Marketing Finance Marketing Accounting Finance Finance Undecided Management Undecided Economics Economics Accounting Management Undecided Economics Accounting Economics Management Accounting Economics Click here for the Excel Data File o. What is the measurement scale of these data? O Interval O Ordinal ONominal RatioPL Which of the following statements correctly differentiates between positive and normative A. Positive economics is based on judgments, whereas normative economics is not. OB. Positive economics describes what people ought to do, whereas normative econon O C. Positive economics is descriptive, whereas normative economics is advisory. O D. Positive economics can only be applied to microeconomics, whereas normative ecodifferentiates between positive and normative economics? gments, whereas normative economics is not. t people ought to do, whereas normative economics describes what people actually do whereas normative economics is advisory. pplied to microeconomics, whereas normative economics can be applied to both microeconoWelfare economics Economics with a heart. The study of how different forms of economic activity and different methods of allocating scarce resources affect the well being of different individuals or countries. WELFARE economics focuses on questions about EQUITY as well as EFFICIENCY
