Homework Answers
According to the question:
|
Pancakes |
Waffles |
|
|
Jose |
10 |
4 |
|
Marie |
8 |
2 |
|
Opportunity cost of Pancakes |
Opportunity cost of Waffles |
|
|
Jose |
2/5 |
5/2 |
|
Marie |
1/4 |
4 |
The opportunity cost is the next alternative forgone. Here, how much Marie has to give up pancake to produce 1 unit of waffle: 4 unit of pancake.
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Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffles,...
Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffies:...
Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffies: Marila can make either 8 pancakes or 2 waffes,According to this A. 4 wames. B. 2.5 wames. О С. 1Awame. O D. 2/5 watfle.
Sophia and Maria work in a bakery. It takes Sophia 2 takes Maria 4 hours to...
Sophia and Maria work in a bakery. It takes Sophia 2 takes Maria 4 hours to make one cake, and 4 hours to make one pie a) What is Sophia's opportunity cost of making one cake? b) What is Maria's opportunity cost of making one cake? c) Who has a comparative advantage in making pies? d) Who has a comparative advantage in making cakes? e) The owner of the bakery wants Sophia and Maria to increase their total production. He...
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Question 4. Fred's Golden Brown Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to the Yukon gold rush. To plan for the future, Fred needs to figure out his cost behaviour patterns. He has the following information about his operating costs and the number of pancakes served: Month Number of Pancakes Total Operating costs July.... 4.200 $2.320 August.......... 4.500 September..... $2,340 $2,220 $2,300 $2,510 3.500 3,800 4,300 October November. December. ....... 3.900 $2.490 A. Use...
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chairs. Bill can work up to 10 hours a day. His production
possibilities are given in the table below:
1. Construct the production possibilities frontier (PPF) for
Bill. Put tables on the Horizontal axis and chairs on the vertical
axis.
2. What is Bill’s opportunity cost of producing one additional
table?
3. What is Bill’s opportunity cost of producing one additional
chair?
4. Currently Bill is producing 20 tables and 40 chairs.
a. Is...
Suppose Martha and Julia both work at a bakery making bread and muffins. In an hour,...
Suppose Martha and Julia both work at a bakery making
bread and muffins. In an hour, Martha can either make 10 loaves of
bread or 40 muffins, while Julia can either make 12 loaves of bread
or 60 muffins. Both Martha and Julia work 8 hours a
day.
C. What is the opportunity cost to each of making one loaf of bread? Martha's opportunity cost of making a loaf of bread muffin:s Julia's opportunity cost of making a loaf of...
Hernan works in the same restaurant and has been working for a longer time. 4. Herman...
Hernan works in the same restaurant and has been working for a
longer time.
4. Herman works in the same restaurant and has been working for longer time. In 1 hour, he can make 6 pizzas or 14 burgers. (5 points) Table 1: productivity, quantities of pizza and bur r hour JudieHemon Pizza (per hour) 4 Burger (per hour) 14 a. How many burgers are equal to 1 pizza? b. How many pizzas are equal to 1 burger? c. How...
Suppose Martha and Julia both work at a bakery making bread and muffins. In an hour,...
Suppose Martha and Julia both work at a bakery making bread and muffins. In an hour, Martha can either make 10 loaves of bread or 40 muffins, while Julia can either make 12 loaves of bread or 60 muffins. Both Martha and Julia work 8 hours a day. a. Draw Martha's daily PPC. Instructions: Use the tool provided to draw Martha's PPC curve. Plot only the endpoints and locate these endpoints on the axes of the diagram. b. Draw Julia's...
Consider two individuals, Bill and Steve. Both can make cars and computers. Their production levels are...
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Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffies: Marila can make either 8 pancakes or 2 waffes,According to this A. 4 wames. B. 2.5 wames. О С. 1Awame. O D. 2/5 watfle.
Sophia and Maria work in a bakery. It takes Sophia 2 takes Maria 4 hours to make one cake, and 4 hours to make one pie a) What is Sophia's opportunity cost of making one cake? b) What is Maria's opportunity cost of making one cake? c) Who has a comparative advantage in making pies? d) Who has a comparative advantage in making cakes? e) The owner of the bakery wants Sophia and Maria to increase their total production. He...
Question 4. Fred's Golden Brown Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to the Yukon gold rush. To plan for the future, Fred needs to figure out his cost behaviour patterns. He has the following information about his operating costs and the number of pancakes served: Month Number of Pancakes Total Operating costs July.... 4.200 $2.320 August.......... 4.500 September..... $2,340 $2,220 $2,300 $2,510 3.500 3,800 4,300 October November. December. ....... 3.900 $2.490 A. Use...
Bill can produce either tables or
chairs. Bill can work up to 10 hours a day. His production
possibilities are given in the table below:
1. Construct the production possibilities frontier (PPF) for
Bill. Put tables on the Horizontal axis and chairs on the vertical
axis.
2. What is Bill’s opportunity cost of producing one additional
table?
3. What is Bill’s opportunity cost of producing one additional
chair?
4. Currently Bill is producing 20 tables and 40 chairs.
a. Is...
Suppose Martha and Julia both work at a bakery making
bread and muffins. In an hour, Martha can either make 10 loaves of
bread or 40 muffins, while Julia can either make 12 loaves of bread
or 60 muffins. Both Martha and Julia work 8 hours a
day.
C. What is the opportunity cost to each of making one loaf of bread? Martha's opportunity cost of making a loaf of bread muffin:s Julia's opportunity cost of making a loaf of...
Hernan works in the same restaurant and has been working for a
longer time.
4. Herman works in the same restaurant and has been working for longer time. In 1 hour, he can make 6 pizzas or 14 burgers. (5 points) Table 1: productivity, quantities of pizza and bur r hour JudieHemon Pizza (per hour) 4 Burger (per hour) 14 a. How many burgers are equal to 1 pizza? b. How many pizzas are equal to 1 burger? c. How...
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