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• #### a. 4. With the same amount of resources, Country A can produce 25 tons of chicken...

a. 4. With the same amount of resources, Country A can produce 25 tons of chicken or 50 tons of wheat. What is Country A's opportunity cost of producing 1 ton of wheat? 2 tons of chicken b. 25 tons of wheat c. 25 tons of chicken d. ton of chicken

• #### 3. The effect of negative externalities on the optimal quantity of consumption Consider the market for...

3. The effect of negative externalities on the optimal quantity of consumption Consider the market for steel. Suppose that a steel manufacturing plant dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the plant. Producing an additional ton of steel imposes a constant external cost of \$385 per ton. The following graph shows...

• #### Homework (Ch 10) 3. The effect of negative externalities on the optimal quantity of consumption Consider...

Homework (Ch 10) 3. The effect of negative externalities on the optimal quantity of consumption Consider the market for bolts. Suppose that a hardware factory dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the factory. Producing an additional ton of bolts imposes a constant external cost of \$225 per ton. The following...

• #### (10 points) Develop the algebraic model. Define the decision variables, identify the objective function, and identify...

(10 points) Develop the algebraic model. Define the decision variables, identify the objective function, and identify all of the constraints. The exercise is going to be 4 weeks long in the mountains of North Carolina. You have been asked to set up a staging base that the executing units can draw their supplies from. As the sizes of the units...

• #### 4. With the same amount of resources, Country A can produce 25 tons of chicken or...

4. With the same amount of resources, Country A can produce 25 tons of chicken or 50 tons of wheat. What is Country A's opportunity cost of producing 1 ton of wheat? a. 2 tons of chicken b. 25 tons of wheat 25 tons of chicken d. 1 ton of chicken C.

• #### 2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons...

2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons of grain a year. A Japanese worker can produce either 3 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers. Complete the following table with the number of workers needed to make one...

• #### Alpha and Beta, two tiny islands off the east coast of Tricoli, produce pearls and pineapples....

Alpha and Beta, two tiny islands off the east coast of Tricoli, produce pearls and pineapples. The following production possibilities schedules describe their potential output in tons per year: Alpha Beta Pearls Pineapples Pearls Pineapples 0 30 0 20 2 25 10 16 4 20 20 12 6 15 30 8 8 10 40 4 10 5 45 2 12...

• #### U.S. and Mexico both produce vehicles and tons of plastic, which are sold for the same...

U.S. and Mexico both produce vehicles and tons of plastic, which are sold for the same price in both countries. Suppose that with one unit of labor and one unit of capital, the U.S. can produce either 20 vehicles or 45 tons of plastic and Mexico can produce either 10 vehicles or 17 tons of plastic. What is the opportunity...

• #### The table below shows the maximum amount of civilian goods that an economy can produce for...

The table below shows the maximum amount of civilian goods that an economy can produce for each level of military goods produced. Point Military Goods (thousands of tonnes) Civilian (thousands of tonnes) A 0 60 B 2 55 C 4 48 D 8 39 E 10 28 F 12 15 G 14 0 Graph the PPC for this economy. If...

• #### 3. The effect of negative externalities on the optimal quantity of consumption Consider the market for...

3. The effect of negative externalities on the optimal quantity of consumption Consider the market for steel. Suppose that a steel manufacturing plant dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the plant. Producing an additional ton of steel imposes a constant external cost of \$60 per ton. The following graph shows...