Homework Answers
a) "D"
the last statement that they together will produce at a point were the economic is the most effective. But while producing 5 pairs of shoes and 9 cookies.
b) "A"
the first option shows that the output in the economy is inefficient. and the economy will be producing an inefficient point.
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Alison can produce 1 pair of shoes and 3 cookies in one hour, Stan can produce...
Question 1.Susan can brew 5 gallons of root beer in an hour or she can make...
Question 1.Susan can brew 5 gallons of root beer in an hour or she can make 4 pizzas in an hour. Becky can brew 7 gallons of root beer in an hour or she can make 5 pizzas in an hour. Susan's opportunity cost of making a pizza is gallons of root beer. Becky's opportunity cost of making a pizza is gallons of root beer. Enter numbers rounded to two decimal places. Question 2 Bill and Fred bake cakes and...
1. Suppose that in an hour a German worker can produce 200 clothes or 20 cars,...
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A shoe repairman is working with his assistant, who takes 5 times long to repair of shoes. Together they can fix 20 pairs of shoes in an eight-hour day. How ling does it take the repairman to fix one...
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2. Problems and Applications Q2 An American worker can produce ether 4 cars or 8 tons...
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Review Problem Use for 1 7) A bakery prepares both cakes and cookies. Each batch of cakes requires 4 hours in the oven and 1 hour in the decorating room Each batch of cookies needs 3 hours in...
Review Problem Use for 1 7) A bakery prepares both cakes and cookies. Each batch of cakes requires 4 hours in the oven and 1 hour in the decorating room Each batch of cookies needs 3 hours in the oven and 2 hours in the decorating room. The oven is available no more than 12 hours a day, while the decorating room can be used no more than 6 hours a day. How many batches of cakes and cookies should...
8. Problems and Applications Q2 American and Japanese workers can each produce 4 cars a year....
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In the small country of Fictionia, there are 30 workers. Each worker can produce 4 shirts...
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Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plotof land. The...
Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plot
of land. The following table shows the amount of corn and rye each
farmer can produce per year on a given acre. Each farmer chooses
whether to devote all acres to producing corn or rye or to produce
corn on some of the land and rye on the rest.CornRye(Bushels per acre)(Bushels per acre)Clancy205Eileen5010On the following graph, use the blue line (circle symbol) to
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Question 15 A country can produce either 25 pounds of fish or 7 bushels of corn....
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6. The following table shows how many hours it would take to produce one meter of...
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Review Problem Use for 1 7) A bakery prepares both cakes and cookies. Each batch of cakes requires 4 hours in the oven and 1 hour in the decorating room Each batch of cookies needs 3 hours in the oven and 2 hours in the decorating room. The oven is available no more than 12 hours a day, while the decorating room can be used no more than 6 hours a day. How many batches of cakes and cookies should...
8. Problems and Applications Q2 American and Japanese workers can each produce 4 cars a year. An American worker can produce 10 tons of grain a year, whereas a Japanese worker can produce 5 tons of grain a year. To keep things simple, assume that e ach country has 100 million workers. Complete the following table with the number of workers needed to make one car or 1 ton of grain in the United States and Japan. Workers Needed to...
Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plot
of land. The following table shows the amount of corn and rye each
farmer can produce per year on a given acre. Each farmer chooses
whether to devote all acres to producing corn or rye or to produce
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