Efficiency means that: Select one: O a. society is getting the most it can from its scarce resources O b. society has dependence on foreign energy sources O c. society's goods and services are distributed fairly among society's members. O d. society is saving resources in order to save them for the future
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- Becky and Sarah are sisters 1who share a room. Their room can easily get messy, and their parents am always telling them to tidy it. Here are the costs and benefits to both Becky and Sarah, of taking the time to clean their room: If both Becky and Sarah clean, they each spends two hours and get a clean room. If Becky decides not to clean and Sarah does all the cleaning, then Sarah spends 10 hours cleaning (Becky spends 0) but Sarah is exhausted. The same would occur for Becky if Sarah decided not to clean—Becky spends 10 hours and becomes exhausted. If both girls decide not to clean, they both have a dirty room. What is the best outcome for Becky and Sarah? What is the worst outcome? (It would help you to construct a prisoners dilemma table.) Unfortunately, we know that the optimal outcome will most liker not happen, and that the sisters probably will choose the worst one instead. Explain what it is about Beckys and Sarahs reasoning that will lead them both to choose the worst outcome.How many bags of compost should we use and how many kgs of tomatoes will we produce? Answer these two questions by completing the table. How many bags of compost should we use and how many kgs of tomatoes will we produce?| you can sell your tomatoes for $3/kg. Compost is $10/bag. Tomatoes Total Benefit Marginal Benefit Total Cost (kg) Marginal Cost ($) Compost DECISION (Total Revenue) (S) (Marginal Revenue) (use/don't use) (bags) ($) ($) 50 1 60 68 74 4 78 5 80 2.7 Topic: Electric vehicles are being promoted by governments and automakers worldwide as a critical innovation for reducing oil consumption and combating climate change. Can you help me with the introduction, body, and conclusion? maybe 1-3 pages will do. Thanks!
- 17th Assignment You have 10 posters. You know 10 people such that 1 person is willing to pay $9 for the poster, another $8, another $7, each successive person is willing to pay a dollar less all the way down to a 10th person willing to take the poster for free. Everyone want's only one poster. If you can only charge one price, what price do you charge?Answer the following question: 1. Are you more of a listerner or a talker? Which social skill/s do you think you need to develop? In what ways can you develop it/them? 2. If you were a parent at this time, what would you teach your children on social literacy. How would you teach them?365 ht, Library, and ng Resources soft Teams ngs soft Teams s "Marble Madness" is a local carnival game, costing $2. There are 100 total marbles in a bag: 2 red, 8 orange, 10 yellow, 30 green, 30 blue, and 20 black. If a red marble is pulled, you win $6, an orange marble wins $4, and a yellow marble wins $2. A green, blue, and black marble result in a loss of the $2 cost to play. What is the expected value of a marble pull? Provide your answer below
- 5. How would an exogenous factor affect the demand/supply for real estate? (either positive or negative) 6. How do we measure demand?QUESTION 5) The table below contains the production information of a company. In the table, the first column shows the firm's use of capital and the first row shows the firm's use of labor. The other figures in the table show the company's production amounts. For example, if the firm employs 200 units of capital and 150 units of labor, it can produce 3180 units of product. Labor Amount Amount of Capital 100 worker 150 worker 200 worker 250 worker 100 2200 2950 3450 3700 150 2300 3070 3585 3840 200 2390 3180 3700 3970 250 2470 3280 3810 3990 a) What is the marginal product of the workforce when the amount of capital used by the firm is fixed at 150 units and increases the labor force employment from 150 to 200 workers? b) Suppose the firm increases its capital usage from 150 units to 200 units. In (a) you have calculated the marginal product of the labor force when the capital is 150 units, when the firm increases the amount of labor from 150 to 200 workers. What is the marginal product…4. d & e
- 8. Productive and allocative efficiency A clothing company can use one of the following four production processes to produce 5,000 garments per month. Which production process is the most productively efficient? One that involves 30 workers and 50 machines One that involves 20 workers and 20 machines One that involves 20 workers and 50 machines One that involves 30 workers and 20 machinesCustomer value Is best understood as. a. The purchasing power that CUstomers benetit trom a certain product. b. The gained benefits, both monetary and nonmonetary, that custormers receve trom a product c.The degree of consumer confidence that customers benefit from the purchasing process. d. The level of customer service that custormers obtain from a company e. The customer relationship shared between a company and its stakeholders.Price (dollars per ton of plywood) Price (dollars per ton of plywood) D2 DI DI D2 Quantity (tons of plywood per month) Quantity (tons of plywood per month) Figure A Figure B Price (dollars per ton of plywood) S2 Price (dollars per ton of plywood) S2 Quantity (tons of plywood per month) Quantity (tons of plywood per month) Figure C Figure D New technology for producing plywood is developed. Which of the figures above best illustrates this change? A) Figure D B) Figure A and Figure D