Homework Answers
PPC in dark full lines is General PPC shape.
Please upvote and Support!!
Add Answer to:
Use the following information for questions #1 through #4. Suppose an economy has 3 workers: Chip,...
Question 6 (1 point) Suppose the information in the following table is for a simple economy...
Question 6 (1 point) Suppose the information in the following table is for a simple economy that produces only four goods and services shoes, hamburgers, shirts, and cotton Assume that shoes, hamburgers, and shirts are final goods and that all the cotton is used in the production of shirts Calculate real GDP for 2015 using 2009 as the base year for the calculations. Provide your answer in dollars rounded to two decimal places. Do not include any symbols, such as...
please complete the graph also..thank you! 7. Long-run cost Suppose Ernie is opening a new restaurant...
please complete the graph also..thank you!
7. Long-run cost Suppose Ernie is opening a new restaurant that will produce pizzas using a combination of workers (L) and ovens (K). Ernie knows from experience that the total number of pizzas he can produce in an hour is given by the function q= 10K0.5 0.5 . Ernie can rent ovens for an hourly cost of $10 and must pay his employees $10 per hour. ($10 + K) * ($10 + L) Therefore,...
please answer all the questions Introduction to PPC Curves Worksheet package Question 1 (Application 12 Marks)...
please
answer all the questions
Introduction to PPC Curves Worksheet package Question 1 (Application 12 Marks) he following table outlines some combinations of com and beef that can be produced annually from a given parcel of farm land: Production possibility Corn (bushels) 16000 Beef(kg) 8000 900 6000 1200 4000 1400 2000 1450 1500 a) Draw a production possibilities curve for this agricultural enterprise (3 marks) b) Can this farm produce 6000 bushels of com and 1500 kg of beef during...
4. Suppose that your production function is q(L) = 10L". a. In a table, calculate the...
4. Suppose that your production function is q(L) = 10L". a. In a table, calculate the output, average product and marginal product for L = 1,2,3,..., 9. b. Suppose fixed costs are $100 and the price of labor is $20. In a table, calculate the average cost and marginal cost for L = 1, 2, 3, ..., 9. c. If you could sell your output for $9, how many workers would you hire? 5. You need to expand production, either...
i need answer 1-3 answered please I need problems 1-4 solved please. You do not need...
i
need answer 1-3 answered please
I
need problems 1-4 solved please.
You do not need to print this out; it is fine to use your own paper (& ruler). JE07: Given this production function (below), work through the steps to get to "cost curves. This involves DOING production and cost-not just recognizing or guessing/phishing. (Yes, it can be a chore. Spreadsheets can help-but the person using the spreadsheet has to know what they're doing and what kind of results...
1. Use the following information to answer the next three questions: Widgets Inc. can hire workers...
1. Use the following information to answer the next three questions: Widgets Inc. can hire workers at $40 per day and can rent a unit of equipment for $10 per day. Currently Widgets Inc. spends $200 per day on input a- Draw an isocost curve above for Widgets Inc. spending $200. (label the intercepts) b- What is the slope of the isocost curve? c- If Widgets Inc. hires 4 workers and rents 4 pieces of equipment, then the marginal product...
Question 4 1 pts Consider the following information: State of Economy Probability of State of Economy...
Question 4 1 pts Consider the following information: State of Economy Probability of State of Economy Portfolio Return if State Occurs Recession 0.20 - 0.08 Boom 0.80 0.15 Calculate the expected return of the given portfolio. (Do not round intermediate calculations. Round your answer to 3 decimal places and do not enter your answer as a percent. IE: write 0.315 instead of 31.5%.)
Suppose there is a small agrarian economy that has four plots of land. Plot 1 is...
Suppose there is a small agrarian economy that has four plots of
land. Plot 1 is right next to the river, then plot 2, etc with plot
4 being far away from the river. Suppose the growth rate of corn
does not depend on moisture, so each plot of land can grow 100 tons
of corn. However avocados love wet soil, so plot 1 can grow the
most (400 avocados) and plot 4 can grow the least (100 avocados)
and...
Questions 3 and 4 refer to the following information: X Company is considering buying a part...
Questions 3 and 4 refer to the following information: X Company is considering buying a part in 2020 that it has been making for the past several years. A company has offered to supply this part for $15.21 per unit. Budgeted production in 2020 is 54,000 units, and budgeted per-unit production costs are: Materials Direct labor (all variable] Total overhead Total $5.60 4.30 5.30 $15.20 $97,200 of X Company's total overhead costs are fixed; $66,096 of the $97,200 are unavoidable...
2. Production Possibilities: (a) Suppose an economy produces food and housing. Draw and explain the char-...
2. Production Possibilities: (a) Suppose an economy produces food and housing. Draw and explain the char- acteristics of its production possibility curve. Explain the impact of (i) a new technology that improves food production and (ii) a new invention that improves both food and housing production. (b) Explain how improvements in education may shift an economy's production pos- sibility frontier. (c) Consider the following three uses of government spending: the purchase of a nu- clear weapon, a “hot meals" program...
Question 6 (1 point) Suppose the information in the following table is for a simple economy that produces only four goods and services shoes, hamburgers, shirts, and cotton Assume that shoes, hamburgers, and shirts are final goods and that all the cotton is used in the production of shirts Calculate real GDP for 2015 using 2009 as the base year for the calculations. Provide your answer in dollars rounded to two decimal places. Do not include any symbols, such as...
please complete the graph also..thank you!
7. Long-run cost Suppose Ernie is opening a new restaurant that will produce pizzas using a combination of workers (L) and ovens (K). Ernie knows from experience that the total number of pizzas he can produce in an hour is given by the function q= 10K0.5 0.5 . Ernie can rent ovens for an hourly cost of $10 and must pay his employees $10 per hour. ($10 + K) * ($10 + L) Therefore,...
please
answer all the questions
Introduction to PPC Curves Worksheet package Question 1 (Application 12 Marks) he following table outlines some combinations of com and beef that can be produced annually from a given parcel of farm land: Production possibility Corn (bushels) 16000 Beef(kg) 8000 900 6000 1200 4000 1400 2000 1450 1500 a) Draw a production possibilities curve for this agricultural enterprise (3 marks) b) Can this farm produce 6000 bushels of com and 1500 kg of beef during...
4. Suppose that your production function is q(L) = 10L". a. In a table, calculate the output, average product and marginal product for L = 1,2,3,..., 9. b. Suppose fixed costs are $100 and the price of labor is $20. In a table, calculate the average cost and marginal cost for L = 1, 2, 3, ..., 9. c. If you could sell your output for $9, how many workers would you hire? 5. You need to expand production, either...
i
need answer 1-3 answered please
I
need problems 1-4 solved please.
You do not need to print this out; it is fine to use your own paper (& ruler). JE07: Given this production function (below), work through the steps to get to "cost curves. This involves DOING production and cost-not just recognizing or guessing/phishing. (Yes, it can be a chore. Spreadsheets can help-but the person using the spreadsheet has to know what they're doing and what kind of results...
Question 4 1 pts Consider the following information: State of Economy Probability of State of Economy Portfolio Return if State Occurs Recession 0.20 - 0.08 Boom 0.80 0.15 Calculate the expected return of the given portfolio. (Do not round intermediate calculations. Round your answer to 3 decimal places and do not enter your answer as a percent. IE: write 0.315 instead of 31.5%.)
Suppose there is a small agrarian economy that has four plots of
land. Plot 1 is right next to the river, then plot 2, etc with plot
4 being far away from the river. Suppose the growth rate of corn
does not depend on moisture, so each plot of land can grow 100 tons
of corn. However avocados love wet soil, so plot 1 can grow the
most (400 avocados) and plot 4 can grow the least (100 avocados)
and...
Questions 3 and 4 refer to the following information: X Company is considering buying a part in 2020 that it has been making for the past several years. A company has offered to supply this part for $15.21 per unit. Budgeted production in 2020 is 54,000 units, and budgeted per-unit production costs are: Materials Direct labor (all variable] Total overhead Total $5.60 4.30 5.30 $15.20 $97,200 of X Company's total overhead costs are fixed; $66,096 of the $97,200 are unavoidable...
2. Production Possibilities: (a) Suppose an economy produces food and housing. Draw and explain the char- acteristics of its production possibility curve. Explain the impact of (i) a new technology that improves food production and (ii) a new invention that improves both food and housing production. (b) Explain how improvements in education may shift an economy's production pos- sibility frontier. (c) Consider the following three uses of government spending: the purchase of a nu- clear weapon, a “hot meals" program...
Most questions answered within 3 hours.
-
An AM transmitter with a carrier power of 20 kW is connected to
a 50 Ω...
asked 2 seconds from now -
JAVA
Beginnings of a paper-rock-scissors game.
Paper-rock-scissors is a game often used to make decisions.
There...
asked 4 minutes ago -
Consider a concept learning example of 5 attributes. Attributes
can take one of (5,3,2,2,6) values respectively....
asked 10 minutes ago -
Red light of wavelength 675 nm is incident on a slit of width
4.56 × 10−6...
asked 20 minutes ago -
An object 4.0 mm high is on the optical axis of two lenses with
focal lengths...
asked 17 minutes ago -
Suppose that each team in a league has a demand curve for
generic advertising (a league-wide...
asked 16 minutes ago -
1. The WJC purchases denim. The avg. daily demand of
western is 1000 yards and the...
asked 25 minutes ago -
Memory Allocation
a) Is it possible to have both internal and external
fragmentation with fixed partition...
asked 26 minutes ago -
Steven can afford car payments of $300 a month for 72 months.
The bank will lend...
asked 42 minutes ago -
Embedded
System..
1.
Analyze
the instruction
sets below.
LDR R1, [R0,
#0x08]
SUB R1, R1,
R2,...
asked 46 minutes ago -
Use proper sentence structure to communicate clearly.
Choose the correct sentence structure in each of the...
asked 46 minutes ago -
There are investors who claim they only invest in companies with
great products and outstanding management,...
asked 49 minutes ago