Figure 7-19 Refer to Figure 7-19. At the equilibrium price, total surplus is

Assume that the U.S. and Japan can switch between producing airplanes and cars at a constant rate.     Refer to the table above.  The opportunity cost of 1 airplane for the U.S. is

**A recent hurricane destroyed half of the orange crop. Consumers are responding to an increase in the price of oranges by buying more apples. This change is expected to increase the price and quantity of apples sold. In terms of basic supply and demand analysis, there has been a: ​

An increase in the number of fast-food restaurants

The above figure shows the production possibility frontier for a country. What is the opportunity cost per ton of rice to move from point B to point D?

**Anne decides to spend 3 hours working overtime rather than watching a video with her friends.  She earns $8 an hour.  Her opportunity cost of working is: ​

The production possibilities frontier is the        

Assume that the Montana and Missouri can switch between producing birdhouses and baskets at a constant rate.   Refer to the table above.  The opportunity cost of 1 basket for Montana is

The above figure shows the production possibility frontier for a country. Suppose the country is producing at point A. What would be the opportunity cost to increase the production of rice to 12 tons?

**In an economy where heating oil is the primary source of heat for most households, new supplies of natural gas, a substitute for heating oil, are discovered. Natural gas provides heat at a much lower cost. What is the most likely effect of these discoveries on the market price and quantity of heating oil produced?​