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- while taking decisions there are different kinds of constraints related to resources, time,rules,physical realityetc leads to the matter of choice.how will you explain the whole situation in terms of costProblem 3Suppose the following data reflect the production possibilities for providing healthcare and education:Units per YearHealth Care 400 370 330 270 190 100 0Education 0 20 40 50 60 70 80(a) Graph the production possibilities curve.(b) If maximum health care is provided, how much education will be provided?(c) What is the opportunity cost of increasing health care from 270 to 330 units?Can you answer this question on pencil and paper. Thank you!
- Discuss how the concepts in microeconomics can be applied to real-world situations and increase your chances of career or life success?Would a research study on the effects of soft drink consumption on childrens cognitive development he a positive or normative statement?What is the difference between microeconomics and macroeconomics?
- Do economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements (i.e., what will happen) about some economic policy, for example, but do they have special expertise to judge whether or not the policy should be undertaken?It takes you half an hour to do a math assignment and two hours to do a micro assignment. What is the opportunity cost of you doing two math assignments? A 1/2 micro assignments B 1 micro assignments D 2 micro assignments 4 micro assignments S Gradin REDSuppose the following data reflect the production possibilities for providing health care and education: Units per Year Health Care 400 370 330 270 190 100 0 Education 0 20 40 50 60 70 80 (a) Graph the production possibilities curve. (b) If maximum health care is provided, how much education will be provided? (c) What is the opportunity cost of increasing health care from 270 to 330 units?
- Please no written by hand Assume Elias was going to spend all of his time on wristbands but then decides to spend 4 hours on each task. What is Elias opportunity cost of making necklaces?Solve this problem again Why you dont put p ans something wrong in the second part of questione table below presents some combinations of math homework questions and exam questions that Professor Sanchez and her teaching assistant, Maria Gonzalez can write in a week, Professor Sanchez Teaching Assistant Homework Homework Exam questions Exam questions questions questions 20 40 10 15 10 30 20 10 20 20 30 30 10 40 40 Given the production possibilities of Professor Sanchez, what is the opportunity cost of writing an additional exam guestiont Select one A.3 homework questions 6.2 homework questions C4 homework questions d 1 homework question to search