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Economic Theory, Part 2, practical work
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Task 1.
The opportunity cost of production of 1 ton of corn production in the US is 0.2 tonnes of wheat at a maximum wheat production of 100 million. M. For Canada, the opportunity cost of production of 1 ton of wheat is 2 tons of corn at the maximum possible production of 50 million of corn. M.
How will the aggregate production possibility curve of the two states for the production of maize and wheat?
Task 2.
At a price of 26 rubles. the magnitude of the demand for the juice of the day in the supermarket "European" 180 packages. How much less will the quantity demanded at the price of 30 rubles., If the arc elasticity of demand at a specified price change is equal to 2.
Task 3.
A public servant who receives at the end of the year after all deductions (including income tax) 18 thousand. Rub. a year in the new year decided to open his own shop. His start-up capital is 25 thousand. Rub. He expects to receive revenues of 170 thousand. Rub.
For this project it is necessary:
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