(Answered) 1 watch the following video clip btn takes a look at the

Engineering

1. Watch the following video clip (BTN takes a look at the factors behind the rise in price of bananas) and answer the following questions.

http://www.abc.net.au/btn/story/s3290501.htm

Using supply and demand curves explain how the cyclone would affect the price and quantity of bananas. Make sure you explain in your answer why prices have gone up by such a large amount.
The bananas were called luxuries in the video. Do you think that this is strictly true? If bananas were luxuries what would this mean for the supply and demand curves? In turn what would this mean for the price and quantity of bananas following the cyclone compared to the case in 3a?
What would be the impact on elasticity of supply if it were possibly to increase the imports of bananas?

2. State the law of diminishing marginal returns. Explain why the marginal cost of production must increase if the marginal product of a variable resource is decreasing.

View complete question

Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92308175
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Computer Engineering

Question suppose users share a 1 280 kbps link also suppose

Question : Suppose users share a 1, 280 kbps link. Also suppose each user requires 64 kbps when transmitting, but each user transmits only 10% of the time. (See the discussion of statistical multiplexing in Section 1.3.) ...

Assignment - confidential organizational information and

Assignment - Confidential Organizational Information and Employee Responsibility As an employee, you are often required to sign confidentiality agreements when beginning work at a new company. You may also be required to ...

Please do it in c programrevisit the matrix addition

Please do it in C program Revisit the matrix addition function Write the program so that it would not need to take a third pointer for the result matrix Instead, have the function return a pointer to the results matrix P ...

Suppose that on your birthday you checked the balance on

Suppose that on your birthday you checked the balance on your retirement account and you decided to make a $1,000 payment at the end of every month until you retire at the specified age. If you disreagard the inflation ( ...

Submit a proposal of your ideal computer-in narrative form

Submit a proposal of your "ideal" computer-in narrative form. Make sure to answer the following questions: • State the technical specifications of your ideal computer • What would you like your ideal computer to accompli ...

Describe a ping of death attack as an attack that causes

Describe a ping of death attack as an attack that causes the victim computer to freeze and malfunction.

Question suppose message a is one block long suppose that

Question : Suppose message (a) is one block long. Suppose that an attacker has received the MAC (t) for a using CBC-MAC under some random key unknown to the attacker. Explain how to forge the MAC for a two-block message ...

You work in a veterinarians office and need to organize the

You work in a Veterinarian's office and need to organize the data on pets that you treat. In your database, you want to keep track of the following information: Customer information: Name Address City State ZIP Phone # Y ...

Excel discussionconsider this using the mouse to point and

Excel discussion Consider this.... Using the mouse to point and click is one way to work on a computer. Often, the same work can be accomplished using just the keyboard, using shortcut keyboard combinations. For example, ...

Listen to or read the transcript of this podcast

Listen to (or read the transcript of) this podcast (https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-16-elasticity-of-demand) from the Federal Reserve Bank of St. Louis. Describe your experien ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Computer Engineering Expert