Question 20 Output Input 2 pts In this diagram below, showing the relationship between a specific...

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Question 20 Output Input 2 pts In this diagram below, showing the relationship between a specific input and the resulting output, diminishing marginal returns begins to set in after units of input. Question 21 Refer to the diagram in the above question. Diminishing total returns begins to set in after units of input. 2 pts Question 22 Use the Resource Sheet for Test #2 to help you fill in the 10 blanks for this question. Imagine a planet with only two countries, call the A & B. Suppose that each country as the productive capacity to produce $1,000 of consumer goods per period. Additionally, each country has the technological capability to build nuclear weapons, but such an investment would cost $200. If one country did invest in nuclear armaments while the other did not, it could take half of the other country's stock of consumer goods. If the other country also had a nuclear capacity, it could thwart any threat of invasion, extortion or intimidation. Complete the payoff matrix with the appropriate values and answer the question: Which cell represents the mutually beneficial outcome? Which cell represents the equilibrium outcome? Fill in the values that correspond to each of the following numbers on the Resource Sheet for Test #2: 1 2: 3: 4: 5: 6: 7: 8: Blank #9: 10 pts Blank #10: Ac Ga Question 23 Variable 56 48 40 32 1 24 16 8 1 4 5 6 Dependent This relationship is: O direct O inverse O negative O multivariate 2 3 Independent Variable 2 pts Answer this and the following question, base upon this graph of a linear function showing the relationship between an independent variable and some dependent variable. Question 24 Refer to the graph in the above question, and fill in the blanks with the appropriate values. When this relationship is expressed by an equation, the alpha coefficent is and the beta coefficient is What would be the value of the dependent variable if the independent variable were 87? 6 pts Question 20 Output Input 2 pts In this diagram below, showing the relationship between a specific input and the resulting output, diminishing marginal returns begins to set in after units of input. Question 21 Refer to the diagram in the above question. Diminishing total returns begins to set in after units of input. 2 pts Question 22 Use the Resource Sheet for Test #2 to help you fill in the 10 blanks for this question. Imagine a planet with only two countries, call the A & B. Suppose that each country as the productive capacity to produce $1,000 of consumer goods per period. Additionally, each country has the technological capability to build nuclear weapons, but such an investment would cost $200. If one country did invest in nuclear armaments while the other did not, it could take half of the other country's stock of consumer goods. If the other country also had a nuclear capacity, it could thwart any threat of invasion, extortion or intimidation. Complete the payoff matrix with the appropriate values and answer the question: Which cell represents the mutually beneficial outcome? Which cell represents the equilibrium outcome? Fill in the values that correspond to each of the following numbers on the Resource Sheet for Test #2: 1 2: 3: 4: 5: 6: 7: 8: Blank #9: 10 pts Blank #10: Ac Ga Question 23 Variable 56 48 40 32 1 24 16 8 1 4 5 6 Dependent This relationship is: O direct O inverse O negative O multivariate 2 3 Independent Variable 2 pts Answer this and the following question, base upon this graph of a linear function showing the relationship between an independent variable and some dependent variable. Question 24 Refer to the graph in the above question, and fill in the blanks with the appropriate values. When this relationship is expressed by an equation, the alpha coefficent is and the beta coefficient is What would be the value of the dependent variable if the independent variable were 87? 6 pts

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SOLUTION Question 20 In this diagram below showing the relationship between a specific input and the ... View the full answer