In a month, Carlos can produce a maximum of either 50 bushels of pears or 25 bushels of apples, or any linear combination in between.
Similarly, Diane can produce a maximum of either 24 bushels of pears or 6 bushels of apples, or any linear combination in between.
What is the opportunity cost for Carlos to produce one more bushel of apples in terms of pears? One bushel of apples equals _______ bushels of pears.
Homework Answers
Answer- 1
Opportunity cost for Carlos to produce one more bushel of apple in terms of pears is 50/25 bushels = 2 bushels.
One bushel of apple is equal to 2 bushels of pears.
Add Answer to:
In a month, Carlos can produce a maximum of either 50 bushels of pears or 25 bushels of apples
Justin's farm can produce 5 pounds of apples or 21 pounds of pears in one hour....
Justin's farm can produce 5 pounds of apples or 21 pounds of pears in one hour. Samantha's farm can produce 7 pounds of apples or 34 pounds of pears in one hour. What is Samantha's opportunity cost of producing 1 pound of pears? Round your answer to one decimal place. Be sure to enter the correct units for what they are giving up. Your Answer: Answer units
1. A country can produce either 16 pounds of fish or 9 bushels of corn. What...
1. A country can produce either 16 pounds of fish or 9 bushels of corn. What is the opportunity cost of producing one bushel of corn? Round to 2 decimal places
Zambia can produce a maximum of 100 million bushels of corn or a maximum of 60...
Zambia can produce a maximum of 100 million bushels of corn or a maximum of 60 million cars. Japan can produce a maximum of 80 million bushels of corn of 60 million cars. For Zambia, the opportunity cost of corn in terms of cars is _____. (write as a decimal or fraction)
In 10 hours, the U.S. can produce 35 bushels of corn. In 7 hours, the U.S....
In 10 hours, the U.S. can produce 35 bushels of corn. In 7 hours, the U.S. can produce 30 bushels of wheat. What is the opportunity cost of producing 1 bushel of corn (in terms of bushels of wheat)? Enter your answer as a fraction OR a number with two decimals. Hint: Calculate how much of each good can be produced in 1 hour, then solve for the amount of foregone wheat when choosing to produce a bushel of corn.
Question 15 A country can produce either 25 pounds of fish or 7 bushels of corn....
Question 15 A country can produce either 25 pounds of fish or 7 bushels of corn. What is the opportunity cost of producing one bushel of corn? Enter a number rounded to two decimal places. Question 16 England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 30 scones per hour or 2 sweater per hour. Suppose that a Scottish worker can produce 40 scones per hour or 4 sweaters per hour. Who will produce...
Carlos is a skilled toy maker who is able to produce both trains and puzzles.
Carlos is a skilled toy maker who is able to produce both trains and puzzles. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. On the following graph, use the blue points (circle symbol) to plot Carlos's initial production possibilities frontier (PPF). Suppose Carlos is currently using combination D, producing one train per day. His opportunity cost of producing a second train per day is _______ per...
Suppose that Italy and Switzerland both produce rye and wine. Italy's opportunity cost of producing a...
Suppose that Italy and Switzerland both produce rye and wine. Italy's opportunity cost of producing a bottle of wine is 5 bushels of rye while Switzerland's opportunity cost of producing a bottle of wine is 10 bushels of rye. By comparing the opportunity cost of producing wine in the two countries, you can tell that, ITALY or SWITZERLAND, has a comparitive advantage in the production of wine and, ITALY or SWITZERLAND, has a comparative advantage in the production of rye....
5. Terms of trade Suppose that France and Germany both produce rye and stained glass. France's...
5. Terms of trade Suppose that France and Germany both produce rye and stained glass. France's opportunity cost of producing a pane of stained glass is 5 bushels of rye while Germany's opportunity cost of producing a pane of stained glass is 10 bushels of rye. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that _____ (Germany, France) has a comparative advantage in the production of stained glass and ____ (Germany, France) has...
Washington can grow 1 grape or 26 apple bushels per acre and California can grow 20...
Washington can grow 1 grape or 26 apple bushels per acre and California can grow 20 of either. For Washington to grow one grape, it must give up _26_ apples. For California to grow one grape, it must give up _1_ apple. The absolute advantage in apple production is had by: Washington The absolute advantage in grape production is had by: California The comparative advantage in apple production is had by: Washington The comparative advantage in grape production is had...
Suppose that Costa Rican worker Carlos can produce elther 100 pounds of coffee or 1 computer per week, and a second worker, Maria, can produce elther 150 pounds of coffee or 1 computer per week. Both...
Suppose that Costa Rican worker Carlos can produce elther 100 pounds of coffee or 1 computer per week, and a second worker, Maria, can produce elther 150 pounds of coffee or 1 computer per week. Both Carlos and Maria work 50 weeks per year Instructions: Enter all values as absolute numbers. a. Carlos' opportunlty cost of producing a computer is pounds of coffee, and Maria's opportunity cost of producing a computer is pounds of coffee both workers completely specialize in...
Justin's farm can produce 5 pounds of apples or 21 pounds of pears in one hour. Samantha's farm can produce 7 pounds of apples or 34 pounds of pears in one hour. What is Samantha's opportunity cost of producing 1 pound of pears? Round your answer to one decimal place. Be sure to enter the correct units for what they are giving up. Your Answer: Answer units
In 10 hours, the U.S. can produce 35 bushels of corn. In 7 hours, the U.S. can produce 30 bushels of wheat. What is the opportunity cost of producing 1 bushel of corn (in terms of bushels of wheat)? Enter your answer as a fraction OR a number with two decimals. Hint: Calculate how much of each good can be produced in 1 hour, then solve for the amount of foregone wheat when choosing to produce a bushel of corn.
Suppose that Costa Rican worker Carlos can produce elther 100 pounds of coffee or 1 computer per week, and a second worker, Maria, can produce elther 150 pounds of coffee or 1 computer per week. Both Carlos and Maria work 50 weeks per year Instructions: Enter all values as absolute numbers. a. Carlos' opportunlty cost of producing a computer is pounds of coffee, and Maria's opportunity cost of producing a computer is pounds of coffee both workers completely specialize in...
Most questions answered within 3 hours.
-
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 2 hours ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 3 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 4 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 5 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 5 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 5 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 6 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 6 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 9 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 10 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 10 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 10 hours ago