Question: PLEASE HELP ASAP! I need an answer within an hour! 1. (01.01 MC) Which of the following resources is the most rival? (1 point) A

 PLEASE HELP ASAP! I need an answer within an hour!1.(01.01 MC)Which of the following resources is the most rival? (1 point)A musicconcert at a city parkA full moonAn interstate highwayA zooThe labor ofa hair stylist2.(01.02 LC) Which of the following is a basic questionthat must be answered in resource allocation? (1 point)How much education shouldworkers have?What goods and services should be produced?What is a fair pricefor a particular good or service?How much should a good or servicecost the consumer?What sort of technology should be used to produce goods?3.(01.03LC) (1 point) \fDemand for Product Z 12 10 4. 10 88.8 Price (Dollars) 6 16,6 4 24.4 30. 2 0 0 1015 20 25 30 35 Quantity (Pounds)Demand for Product Z 12 104. 10 8 8.8 Price (Dollars) 6 16,6 4 24.4 30. 20 0 10 15 20 25 30 35 Quantity (Pounds)Price Supply A

PLEASE HELP ASAP! I need an answer within an hour!

1.

(01.01 MC) Which of the following resources is the most rival? (1 point)

A music concert at a city park
A full moon
An interstate highway
A zoo
The labor of a hair stylist

2.

(01.02 LC) Which of the following is a basic question that must be answered in resource allocation? (1 point)

How much education should workers have?
What goods and services should be produced?
What is a fair price for a particular good or service?
How much should a good or service cost the consumer?
What sort of technology should be used to produce goods?

3.

(01.03 LC) (1 point)

Pl = B P2 F C H P3 - - - -D G L - - Demand Q1 Q2 Q3 Quantity (units)Price SupplyA Pl = B P2 F C H P3 - - -- D G L - - Demand Q1 Q2 Q3 Quantity (units)PriceSupply A P1 B E - - - - -- P2 CF - = - P3 D F- - - - - -- Demand - - Q1 Q2 Q3 Quantity (units)Price MC ATC ATC,Quantity (units)10 9 8 7 Long Run Average Total Costs 6 AD Cost B C 2 1 2 3 4 5 6 7Output 8 9 1010 9 8 7 Long Run Average Total Costs6 A D Cost B C 2 1 2 3 4 56 7 Output 8 9 10$50 MC $40 $30 ATC AVC Price$20 P $10 A 0 2 4 5 6 7 8 9

\fDemand for Product Z 12 10 4. 10 8 8.8 Price (Dollars) 6 16,6 4 24.4 30. 2 0 0 10 15 20 25 30 35 Quantity (Pounds)Demand for Product Z 12 10 4. 10 8 8.8 Price (Dollars) 6 16,6 4 24.4 30. 2 0 0 10 15 20 25 30 35 Quantity (Pounds)Price Supply A Pl = B P2 F C H P3 - - - - D G L - - Demand Q1 Q2 Q3 Quantity (units)Price Supply A Pl = B P2 F C H P3 - - - - D G L - - Demand Q1 Q2 Q3 Quantity (units)Price Supply A P1 B E - - - - -- P2 C F - = - P3 D F- - - - - - - Demand - - Q1 Q2 Q3 Quantity (units)Price MC ATC ATC, Quantity (units)10 9 8 7 Long Run Average Total Costs 6 A D Cost B C 2 1 2 3 4 5 6 7 Output 8 9 1010 9 8 7 Long Run Average Total Costs 6 A D Cost B C 2 1 2 3 4 5 6 7 Output 8 9 10$50 MC $40 $30 ATC AVC Price $20 P $10 A 0 2 4 5 6 7 8 9 Quantity 10Price MC H AC M P, L N P, AR G P MR 0 Quantity 21 (units)MSC Price ($) MPC PC PE PF MSB Q' QuantityPrice ($) 5 S 4 3.5 + 3 2 D 360 540 Quantity

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