There are three individuals in an economy, each with a constant-cost production possibilities frontier. The first individual can produce either 100 A or 100 B (or a combination of the two at the cost of 1 A for 1 B). The second individual can produce either 40 A or 100 B (or a combination of the two at a cost of 1 A for 2.5 B). The third individual can produce either 100 A or 40 B (or a combination of the two at a cost of 1 A for .4 B). If these individuals can trade at a price of 1 A for 1.5 B, then the economy will produce ________.

Suppose that the price of the output in the previous problem increases from $1 to $60. If the firm were to hire five workers, it would be willing to pay workers no more than  ________.

Read this excerpt from a Wall Street Journal article (Sept 29, 2016): “OPEC members agreed that they need to cut crude oil output to reduce the world’s supply. . . . This was enough to send oil prices higher even though reaching a deal remains far from certain.” What statement best fits what we can assume based on the article excerpt?

Assume that the demand and supply schedules for brussels sprouts (aside: an especially noxious vegetable unless cooked with lots of bacon!) are given in the following table:  Demand and Supply for Brussels Sprouts Price of Brussels Sprouts ($/lb) Quantity Demanded (million lbs) Quantity Supplied (million lbs) .40 100 15 .60 80 35 .80 70 50 1.00 62 62 1.20 55 74 1.40 49 86 1.60 45 100 1.80 42 115 2.00 40 140 At the market equilibrium price, the elasticity of demand is ________.

Quick Selection Tool quickly “paints” a selection using an adjustable round brush edge. As you drag the quick selection tool across your image, the selection expands outward. This tool automatically finds and follows defined edges in the image. 

Match the Photoshop tool or adjustment panel icon with the correct name. 

The ____________ lets you correct imperfections and causes the pixels to disappear into the surrounding image. This tool allows you to paint with the sampled pixels from an image or pattern.

Match the correct Histogram display with the terminology.

Refine Edge (now known as Select and Mask) does not allow you to modify the edge of a selection with ease and flexibility. Within the Refine Edge pop-up window you are not able to see the selection against different backgrounds when editing to improve the quality.

Which TOOL selects contiguous areas of a similar color in the image?