Homework Answers
B. half a bathed cat
Explanation: Tammi can either get 20 dogs groomed or 10 cats bathed. So, the opportunity cost of grooming 20 dogs is bathing 10 cats. Therefore, the opportunity cost of grooming 1 dogs is bathing 10/20 = 1/2 cats.
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Dogs Groomed Cats Bathed Tammi 20 10 Horace 12 8 The table above shows the output...
Horace 12 10 The table above shows the output per day of two pet groomers, Tammi...
Horace 12 10 The table above shows the output per day of two pet groomers, Tammi and Horace. They can either devote their time to grooming dogs or bathing cats What is Tammi's opportunity cost of grooming a dog? O A. two bathed cats O B. one and a half bathed cats C. half a bathed cat O D. two -thirds of a bathed cat Click to select your answer
Table 2-3 George 10 Jack Lawns Mowed Gardens Cultivated Ta ble 2-3 shows the output per...
Table 2-3 George 10 Jack Lawns Mowed Gardens Cultivated Ta ble 2-3 shows the output per day of two gardeners, George and Jack. They can either devote their time to mowing lawns or cultivating gardens. Refer to Table 2-3. Which of the following statements is true? Jack has a comparative advantage in both tasks O George has a comparative advantage in both tasks. O Jack has a comparative advantage in lawn mowing and George in garden cultivating. Jack has a...
$ per unit MC ATC MR $40 AVC $20 2 4 6 8 10 12 Output (9) The graph above shows a firm's Marginal Revenue (MR), M...
$ per unit MC ATC MR $40 AVC $20 2 4 6 8 10 12 Output (9) The graph above shows a firm's Marginal Revenue (MR), Marginal Cost (MC), Average Total Cost (ATC) and Average Variable Cost (AVC). This firm is a profit-maximizing price taker. Find the firm's short run shutdown price. (Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Horace 12 10 The table above shows the output per day of two pet groomers, Tammi and Horace. They can either devote their time to grooming dogs or bathing cats What is Tammi's opportunity cost of grooming a dog? O A. two bathed cats O B. one and a half bathed cats C. half a bathed cat O D. two -thirds of a bathed cat Click to select your answer
Table 2-3 George 10 Jack Lawns Mowed Gardens Cultivated Ta ble 2-3 shows the output per day of two gardeners, George and Jack. They can either devote their time to mowing lawns or cultivating gardens. Refer to Table 2-3. Which of the following statements is true? Jack has a comparative advantage in both tasks O George has a comparative advantage in both tasks. O Jack has a comparative advantage in lawn mowing and George in garden cultivating. Jack has a...
$ per unit MC ATC MR $40 AVC $20 2 4 6 8 10 12 Output (9) The graph above shows a firm's Marginal Revenue (MR), Marginal Cost (MC), Average Total Cost (ATC) and Average Variable Cost (AVC). This firm is a profit-maximizing price taker. Find the firm's short run shutdown price. (Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
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