An economy can produce the following combinations of goods: 50x and 0y, 40x and 10y, 30x and 20y, 20x and 30y, 10x and 40y, and 0x and 50y. the production possibilities frontier (ppf) for the economy is: a. concave downward because the opportunity cost of producing the 10th unit of y isgreater than the opportunity cost of producing the first unit of y. b. a straight (downward-sloping) line because the opportunity cost of producing the twogoods is constant. c. concave downward because the opportunity cost of producing the 40th unit of y is lessthan the opportunity cost of producing the 10th unit of y. d. a straight (downward-sloping) line because the opportunity cost of producing the 10thunit of x is greater than the opportunity cost of producing the 40th unit of x. e. a straight (downward-sloping) line because the opportunity cost of producing the 30thunit of y is greater than the opportunity cost of producing the 30th unit of x.

The year-end financial statements of calloway company contained the following elements and corresponding amounts: assets = $34,000; liabilities = ? ; common stock = $6,400; revenue = $13,800; dividends = $1,450; beginning retained earnings = $4,450; ending retained earnings = $8,400. based on this information, the amount of expenses on calloway's income statement was

Let's consider a hypothetical airline, mudlarks airlines. on one of its flights, precious records show that about 15% of people who had tickets for the flights did not take the flight. there are 120 seats on the plane. 1. how many tickets should mudlarks airlines sell for this flight? 2. as an added consideration, suppose that tickets on this flight cost a flat rate of $250. in addition, mudlarks airlines must give any traveler who purchased a seat for the flight, but who cannot travel due to overbooking, a $400 certificate for their trouble. does this change your answer in question one? now, suppose that mudlarks airlines forms a partnership itch another airline, puffin air. their agreement allocates 100 seats on the flight to mudlarks airlines and another 20 seats to puffin air. the 2 airlines sell tickets for the flight independently of each other. 3. assuming the same 15% no show percent for each airline, how many tickets should each sell?

Explain id there is excess supply or demand of goods at the equilibrium price and why? in sentences