this are my question

Production possibilities curve / C iothing Food In Figure 1, point A is most likely a. unattainable meaning it cannot be done. b. inefcient meaning resources are unemployed. c. inefcient meaning resources are underemployed. d. efcient meaning resources are fully employed e. both a and h f. both b and c g. both c and d h. All of the above are true. 1, None of the above is true. [U E S TI 0 N 2 1. Tuscany left her purse at home and is unable to return home for it. Her mom tells her that if her cousin, Lindsay, has enough money she should take it from hit and she will pay her back when she comes to pick her up after school. Tuscany asks Lindsay if it is ok for her to purchase lunch on her behalf until her mom picks her up from school. Lindsay has just enough money to purchase lunch for herself and Tuscany, however, if Lindsay does so, she will not be able to purchase the kind of lunch she was hoping to buy for herself that day. Lindsay seems torn about the decision she has to make. Tuscany, wanting to know whether Lindsay will purchase lunch for her or if she should call her mom, said to Lindsay, "I don't see why you are taking this long to decide. The decision is easy! It is not like I am asking you Egg'g you lunch; I am merely borrowing it! You will have your money back this evening when my mom comes to pick me up! Lindsay smiled and said to Tuscany, "There is no such thing as a free lunch.\" What does Lindsay mean? a, You cannot have a free lunch at the expense of someone else. b. The use of resources to produce a good has an opportunity cost because of scarcity. c. If one person gains, someone else must lose. :1. Each person must pay for exactly what he or she receives. 2 points QUESTION 3 1. Which of the following is true of opportunity cost? a. None of the above b. All of the above Only the decision-maker can determine his or her opportunity costs for any particular action. d. Opportunity costs are the highest-valued alternative sacrificed in order to choose an option. " or her options. Opportunity costs are subjective because they depend upon how the decision-maker values his 2 points QUESTION 4 1. Figure 2 Price $20 18 DAfter Tax D 0 10 20 30 40 50 60 70 80 90 Quantity Refer to Figure 2. The tax revenues produced by the imposition of this tax is a. $800 b. $1,080 c. $480 d. $600 2 pointsO 102030405060708090 Refer to Figure 2. Suppose the government imposes a tax on the buyers of automobiles. What is the price paid by the buyers of automobiles after the tax? a. $14. b. $12. c. $18. d. $8. 2 points QUESTION 6 1. Cayman Airways has several ights heading into Jamaica and on average, passengers are required to pay USD $475 per ticket. Flight KX609 that is heading into Jamaica this Friday has 10 seats available. 011 average, the additional cost per passenger is USD $200. There are 8 passengers on stand-by who can only afford to pay $USD $350. Which of the following will reSult in a protable situation for Cayman Airways? 3. Charge a stand-by passenger no less than the full fare of $475. b. Charge a stand-by passenger less than $200. c. Wait until last minute and then ll the seats for any price. :1. Charge a stand-by passenger more than $200. e. Charge a stand-by passenger more than $425. Toasters 35 30 A 25 20 15 10 D 5 10 20 30 40 50 60 70 Toothbrushes Refer to Figure 2-9. If the economy moves from point A to point D, the opportunity cost is a. 20 toasters. b. 10 toasters. c. 30 toothbrushes. d. 30 toasters. 2 points QUESTION 8 1. In economics, when your professor says that there is scarcity where a good is concerned, he is saying that that based on the amount of the good that is freely available from nature exceeds the amount of the good that people are willing, able and ready to buy. b. we can increase how much of the good is available to the amount that people want to buy c. buyers will want more of the good regardless of the price of the good. d. that based on the amount of the good that is freely available from nature is less than the amount of the good that people are willing, able and ready to buy. 2 points0 102030405060708090 Refer to Figure 2. Suppose that government imposed the same tax on the sellers of automobiles instead? How would the results change based on the burden of the tax on buyers and sellers? a. Sellers would hear a bigger burden of the tax because the tax is levied on them. The results would not change because would just have to pay more of the tax since they need ' the car. c. Buyers would bear a bigger burden of the tax because the sellers would make them pay more. d. The results would not change because it does not matter whom the tax is levied on. b =2 points QUESTION 1 0 1. Debbie works at Wstore and cleans her own house on her day off. Debbie's employer, Michelle, hires a domestic helper to clean her house. Based on economic theory, why do you think this is the case? 3, Michelle has a higher opportunity cost of cleaning her house than Debbie does. b. Debbie must enjoy cleaning more than Michelle does. c. The opportunity cost of cleaning is greater for Debbie. :1. Debbie must be better at cleaning than Michelle is. UCCI students often wonder why it is that they are required to take ECO 221 Principles of Microeconomics or any economics course for that manner. Based on your study of economics, UCCI students are required to take ECO 221 Principles of Microeconomics because 3. students become economists after taking it. b. student learn how to solve most social problems. c. student learn how to answer complex social questions. :1. student learn how to rationally analyze social problems. e. All of the above are correct. 2 points QUESTION 12 1. Wyatt and Dagger, decide that since they are working on a group assignment that is due, that it makes sense for them to grab lunch while nishing their project. They decide to go to KFC and split the bill evenly. Wyatt orders a one-piece combo with corn for $5 while We; orders a snack box which costs $3. What is the marginal cost to Raymof ordering a snack box instead of Libs: one-piece combo with corn? 3. $2.50. b. $2. c. $1. d. $3. 0 102030405060708090 Refer to Figure 2. Suppose the government imposes a tax on the buyers of automobiles. What is Ithe amount that sellers get to keep after the tax? a. $8. b. $10. c. $13. d.$l4.L _ r--....... QUESTION 14 1. Use the table below to answer the questions based on the Cayman Islands and China. .Table 1 o 2. 3. 4. 5. Refer to Table 1. According to the law of comparative advantage, both Cayman and China could gain if 3 Cayman specialized in producing coconut water, China specialized in producing rum cake, ' and they traded. b. Cayman produced all of the coconut water and rum cake and China did not produce anything. c Cayman specialized in producing rum cake, China specialized in producing coconut water, ' and they traded. d. Cayman and China were both self-sufcient and did not trade