Which test would you use for the following scenario? You are told that the number of cracked M&M's depends on the color. To check this claim, you ra

Consider: The maximum production possible in Rome and in Cathay are as follows, ROME 40 BREAD OR 20 FIGS CATHAY 20 BREAD OR 40 FIGS If each country specializes in the production of what it does best and trades with the other, what is the combined output? Select one: O a. 30 bread and 30 figs. 0 b. 60 bread and 60 figs. 0 c. 20 bread and 20 figs. 0 d. 40 bread and 40 figs. 12. Refer to the graph above to answer this question. What is the opportunity cost of producing the first 700 quarks? A) It is 6 quirks. B) It is 10 quirks. C) It is 14 quirks. D) The answer cannot be determined from the information given. 13 Refer to the graph above to answer this question. If Mendork's current production is at point A, what is the (approximate) cost of producing one more quirk? A) 100 quarks. D) 200 quarks. B) 50 quarks. E) One more quark. C) 25 quarks. 14. Refer to the graph above to answer this question. If new technology increased the output of quirks by 50%, how many quirks could be produced if 600 quarks were produced? A. 18 quirks. B. 20 quirks. C. 15 quirks. D. 10 quirks.Suppose a small island nation imports sugar for its population at the world price of $1,500 per ton. The domestic market for sugar is shown below. 2500 2000 1500 S = World price Price ($/ ton) 1000 Domestic price with subsidy 500 O O 4 8 12 16 20 Quantity (tons/day) If the government provides a subsidy of $500 per ton, then relative to before the subsidy, consumer surplus will by per day. O decrease; $500 decrease; $1,000 increase; $1,000 O increase; $5,000