Six Popular Brands of Cola Are to Be Used in a Blind Taste Study

Macroeconomics formulation 2 Chapter 3 5. a. England has the absolute receipts in sc whizzs & Scotland has the absolute utility in sweaters. England has the comparative advantage in producing scones and Scotland has the comparative advantage in producing sweaters. b. Scotland would produce sweaters and trade them for scones to England be mystify they will be getting a levelheaded at a lower opportunity cost if they produced it in their testify country. c. Yes, both countries would still gain from trade because England would still have a higher opportunity cost for producers sweaters than Scotland.Chapter 4 5. Technology advances have touched the market for computers by increasing the supply causing a stir to the right, which has also profitd the indigence for computer softw ar, also lowering the outlay. As for typewriters it has decreased the shoot because computers are becoming more affordable because they are cheaper to make. 10. a. Submitting graph in class. Equilibrium price is $6. 00 and mensuration is 81 pizzas. b. thither would be a surplus so the producers would have to cut the price to get rid of surplus inventory. . There would be a paucity and the producers would raise the price until the shortage is reduced. Additional homework problems 1. 1)Opportunity cost of 1 sunshade for Huang is 1/3 of a plate. 2)Opportunity cost of 1 parasol for Min ? of plate. 3)Opportunity cost of 1 plate for Huang is 3 parasols. 4)Opportunity cost of 1 plate for Min is 2 parasols. 5)Neither because it takes them both the same amount of jab hours to produce the same amount of parasols. 6)Min because she has lower input of producing plates. )Huang has the comparative advantage of producing parasols because his opportunity cost is lower. 8)Min has the comparative advantage of producing plates because the opportunity cost of producing one plate is only 2 parasols. 9) A. 2. 1)Equilibrium price= 25 Equilibrium quantity= 400 2)400 units would be supplied and demande d. 3)Surplus of 200 units. 4)$35 5)Shortage of 200 units 6)$15 3. 1)It would cause a decrease in demand and a faux pas in the demand curve to the left. )It would cause a decrease in demand and a shift in the demand curve to the left. 3)It would cause an increase in the current demand and a shift in the demand curve to the right. 4)It would cause an increase in the current demand and a shift in the demand curve to the right, because buyers would purchase more in advance the price goes up. 5)It would cause an increase in demand and a shift in the demand curve to the right. 6)Quantity goes down and prices go up so it would cause a movement in the demand curve to the left.