Mrs. Anderson has a bag of marbles. The first bag contains 6 red marbles, 5 blue marbles, and 4 green
marbles. Mrs. Anderson will select 1 marble at random.
What is the probability that Mrs. Anderson will NOT
select a blue marble?

A. 1/3 B. 1/2 C. 1/10 D. 2/3

1. an economy consists of three workers: larry, moe, and curly. each works 10 hours a day and can produce two services: mowing lawns and washing cars. in an hour, larry can either mow one lawn or wash one car; moe can either mow one lawn or wash two cars; and curly can either mow two lawns or wash one car. a. calculate how much of each service is produced under the following circumstances: a. all three spend all their time mowing lawns. b. all three spend all their time washing cars. c. all three spend half their time on each activity d. larry spends half of his time on each activity, while moe only washes cars and curly only mows lawns b. using your answers to part a, draw a production possibilities frontier and label points a, b, c, and d on your graph. explain why the production possibilities frontier has the shape it does. c. are any of the allocations calculated in part a inefficient? explain.

Benefit(s) from large economies of scale, in which the costs of goods decrease as output increases. natural monopolles perfect competition

Real gross domestic product: a) will increase if the price level increases. b) can change from one year to the next even if there is no change in output. c) will increase if the level of output increases. d) is a measure of inflation.