Below table shows the production possibilities for the country of Emilon: C VID VINTE 72 84 ¹2 E 0 Rice Beef A e 30 B 3054 27 21 a. The total cost of producing 54 rice is 9 units of beef b. The total cost of going from possibility C to possibility D is 9 units of beef c. The approximate per-unit cost of going from possibility C to possibility D is 72 units of beef answers to 2 decimal places. Remember to round 0,05 up to 010 d. The total cost of going from possibility D to possibility Cis 777 units of (Click to select) If necessan

Below table shows the production possibilities for the country of Emilon: C VID VINTE 72 84 ¹2 E 0 Rice Beef A e 30 B 3054 27 21 a. The total cost of producing 54 rice is 9 units of beef b. The total cost of going from possibility C to possibility D is 9 units of beef c. The approximate per-unit cost of going from possibility C to possibility D is 72 units of beef answers to 2 decimal places. Remember to round 0,05 up to 010 d. The total cost of going from possibility D to possibility Cis 777 units of (Click to select) If necessan

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 25RQ: In choosing a production technology, how will firms react if one input becomes relatively more...

See similar textbooks

Similar questions

The time to assemble the first unit on a production line is 13 hours. The learning rate is 0.81. Approximately how long will it take for the eighth unit to be assembled? The number of hours needed for yhe eighth unit to be assembled is ? hours. (Round the one decimal place.)
Use the table to answer questions 1. What is the oppourtonity cost of producing 800 tons of fruit instead of 450?
Ben's swim coach estimates that his time, t, in the 100-yard butterfly at a big upcoming meet as a function of the number of yards he swims per week, y, is t = 50+8e-0.00005y Based on this production function, his coach also estimates that if Ben swims 20,000 yards per week, his time will be 52.94 seconds, and he will finish tenth place. If he swims 40,000 yards per week, his time will be 51.08 seconds, and he will come in third. If he swims 60,000 yards per week, his time will be 50.40 seconds, and he will win the meet. Use calculus to determine Ben's marginal productivity of time given the number of yards he practices. Is there diminishing marginal productivity of practice yards? Ben's marginal productivity of swim time given y practice yards (MP) is (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a superscript can be created with the ^ MPy character.)
Production Data Workers Cars Washed 0 0 1 10 2 24 3 45 4 68 5 85 6 96 7 91 8 80 What is your average fixed cost of washing 80 cars? (round to one decimal place)
The time to assemble the first unit on a production line is 11 hours. The learning rate is 0.93. Approximately how long will it take for the sixth unit to be assembled? The number of hours needed for the sixth unit to be assembled is hours. (Round to one decimal place.)
In choosing a production technology, how will firms react if one input becomes relatively more expensive?
List some practical limits to economies of scale; that is, when should a plant stop growing?
Ahmed the Nigerian guy can produce any of the following combinations of clay pots (P) and jute bags (J): (a) 100 P and 0 J; (b) 50 P and 25 J; (c) 0 P and 50 J. Adib the Bangladeshi guy on the other hand can produce the following combinations of clay pots and jute bags: (a) 50 P and 0 J; (b) 25 P and 40 J; (c) 0 P and 80 J. Who has the comparative advantage in the production of clay pots? Of jute? Explain and show the calculations clearly.
How do we solve the following question below?
The following Table is for answering questions below: Input Output TFC TVC TC MC 200 1000 400 1000 X - T 1200 W Z Y 5 What is the value of W ? 400 200 1000 None of the above
A large electricC utility company spews 59 million tons of greenhouse gases (mostly carbon dioxide) into the environment each year. This company has committed to spending $1.9 billion in capital over the next five years to reduce its annual emissions by 5%. More will be spent after five years to reduce greenhouse gases further. a. What is the implicit cost of a ton of greenhouse gas? b. If the United States produces 3 billion tons of greenhouse gases each year, how much capital must be spent to reduce total emissions by 3% over the next five years based on your answer in Part (a)? a. The implicit cost of greenhouse gas is S per ton. (Round to the nearest cent.)
The time to assemble the first unit on a production line is 17 hours. The learning rate is 0.89. Approximately how long will it take for the seventh unit to be assembled? The number of hours needed for the seventh unit to be assembled is hours. (Round to one decimal place.)