Reference no: EM13316292
1. The question of how are goods and services are produced most closely addresses which of the following scenerios?
a) Should Ford build SUV's or luxury cars?
b) Should Ford use expensive robots or inexpensive Mexican autoworkers to produce SUV's?
c) Should contractors build residential housing or shopping malls?
d) Is income distributed fairly in the United States?
2. The main reason U.S farmers can produce more per farmer than farmers in China is that U.S farmers
a) have more land to work with.
b) have more labor to work with.
c) have more capital to work with
d) are better trained.
e) work harder and longer hours.
3. When all the available factors of production are "productively employed" the
a) economy is producing at a point within its Production Possibilities Frontier (PPF),
b) economy is producing at a point on its PPF.
c) economy is producing at a point beyond its PPF.
d) PPF dissapears
4. In order for Ireland to grow more potatos, wool production must decrease. If wool and potatoes were the only two goods Ireland could produce, this situation is an example of
a) a tradeoff.
b) zero opportunity cost.
c) opportunity benefit.
d) a free lunch.
e) all the above are correct.
5. Why is the Production Possibilities Frontier (curve) bowed out from the origin of its graph?
a) the bowed shape reflects constant opportunity costs.
b) the bowed shape reflects decreasing opportunity costs.
c) the bowed shape indicates that cost at first decreases at a decreasing rate, and then begins to decrease at an increasing rate
the bowed shape reflects increasing opportunity cost.
|
Determine when the queue will dissipate the total delay
: If vehicles are processed at a uniform deterministic rate of six per minute, determine when the queue will dissipate, the total delay, the maximum queue length (in vehicles), the longest vehicle delay under FIFO, and the longest vehicle delay unde..
|
|
Increase print and television advertising to raise brand
: After 15 years of steady growth, sales of a brand of aftershave have begun to decline. What is the first step that the marketing director should take? Choose 1 answer
|
|
Determine the normal depth in the channel for a discharge
: A natural channel that is clean and irregular(n= 0.040) has a bottom width of 15 ft m, side slopes of 6:1 (H:V) and a bottom slope of 0.0002. Using Manning's equation, determine the normal depth in the channel for a discharge of 720 cfs.
|
|
What is the angular speed of the small cylinders
: in a simplified roller bearing, the inner cylinder has a radius of 1.0 cm and is stationary. What is the angular speed of the small cylinders
|
|
When all the available factors of production are
: In order for Ireland to grow more potatos, wool production must decrease. If wool and potatoes were the only two goods Ireland could produce, this situation is an example of
|
|
What are the reactions-shear forces and bending moments
: If you have 10 kips acting downward on a foundation and footing, 4 feet long, with uniformly distributed load acting up ward of 2.5 k/ft (soil) also 4 ft long. what are the reactions, shear forces, and bending moments at the tree critical points
|
|
Find the carts acceleration and mass
: In an experiment using an inclined track with a dynamics cart, the computer failed, find the cart's acceleration, mass, and the tension in the string connecting the cart to the accelerating 50g mass
|
|
The discipline of economis primarily concerns itself with
: On the production possibilities frontier graph, the closer the economy's production is to the origin of the graph and the farther away it is from the PPF,
|
|
Does the distance the debris is moved affect optimal loading
: The cost of running this fleet is $325/hr per truck. For a given contract, a total of 2,500 tons must be removed from one construction site and moved to another location 35 miles away.
|