QUESTION 8 Graph of a production possibility frontier for country Z showing cell phones daily production on the y-axis and clothing daily production on the x-axis. Points are as follows A: 0,8 B: 10,6 C: 15,4 D: 18,2 and E: 20,0. Point G is outside of the curve at 15,7 and F is inside the curve at 10,4.

The graph shows that Country Z can the opportunity cost of producing 8 cellphones is 20 clothing. If Country X wants to buy 8 cellphones and pay 30 clothing, what would Country Z do?
a.
Country Z and X are better off by trading with each other (e. g., Country Z is better getting 30 clothing by trade than producing 20 clothing)

b.
All of the above

c.
Gains from trade allow for this voluntary exchange between Country Z and X

d.
Country Z will focus all production to make 8 cellphones (A) and trade them with Country X for 30 clothing, instead of producing domestically 20 clothing (E)

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.