Table 1.2 Price per Unit Quantity Demanded Quantity Supplied $5 320 50 $10 260 150 $15 200 200 $20 140 250 $25 100 300 $30 50 350 $35 10 400 In Table 1.2, if the price is $35, a ______ of _____ units will occur

This is a file upload question. Please hand-write your solution in a piece of paper, take a picture and upload your file (or send me through Canvas Inbox or at haruko.muratainouye@chaffey.edu). Typed answers will not be accepted!   Use the table below and answer the following:  PPF’s points and data for bicycles and cars Points Bicycles Cars A 5000 0 B 4800 100 C 4300 200 D 3400 300 E 0 400 Draw a PPF map (put bicycle in the vertical axis and car in the horizontal axis), showing all the points on the PPF. What is the opportunity cost of an extra car when you are on segment BC? What about when you are at segment CD? (i.e., how many bicycles you have to give up in order to get an extra car? Show your work!) What is your PPF’s shape? Is it a straight line or does it have a bowed outward shape? Justify! Suppose that a new tariff is imposed on steel, affecting the production of both bicycles and cars, as importing steel becomes more expensive. Illustrate this effect on your PPF map!

Table 3.2Table 3.2PriceQuantity DemandedQuantity Supplied$0$1$2$3$4$5$624201612  8  4  0  0  2  4  6  81012In Table 3.2, if the price is $5, a ____ of ____ units will occur.

Figure 3.4 In Figure 3.4, the reason for the wage differential could be the fact that

Individual states may set their own minimum wage

The labor demand curve slopes ____, showing that the higher the price of labor, the ____ labor the firm will demand.

Table 1.2 Price per Unit Quantity Demanded Quantity Supplied $5 320 50 $10 260 150 $15 200 200 $20 140 250 $25 100 300 $30 50 350 $35 10 400 In Table 1.2, what is the equilibrium quantity?

A situation where something is outlawed or prohibited is called a

Table 1.1 Price per Unit Quantity Demanded Quantity Supplied $60 22 115 $50 33 95 $40 44 75 $30 55 55 $20 66 35 $10 77 15   In Table 1.1, if the price is $40, a _____ of ______ units will occur.

Table 2.3Table 2.3Price per LoafQuantity DemandedQuantity Supplied$5$4$3$2$1  30  48  66  84102102  84  66  48  30According to the data in Table 2.3, equilibrium in the bread market occurs at which price and quantity supplied?