The local farmer's market offers 1 bag of romaine lettuce for $3 or 2 bags for...
The local farmer's market offers 1 bag of romaine lettuce for $3 or 2 bags for $5. What's the marginal cost of the second bag?
Homework Answers
Ans. The marginal cost for the second bag is $2 .
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The local farmer's market offers 1 bag of romaine lettuce for $3
or 2 bags for...
A student has a monthly budget of S120 to spend on either burritos, which cost $6...
A student has a monthly budget of S120 to spend on either burritos, which cost $6 each, or sodas, which cost S4 each. would leave some budget unspent 5. Which combinations those to the left of the line in the above graph or those to the right of the line in the above graph? 6. What is the equation for the student's budget constraint? In your equation, use Q1 as the variable to represent the quantity of burritos and Q2...
A student has a monthly budget of S120 to spend on either burritos, which cost $6...
A student has a monthly budget of S120 to spend on either burritos, which cost $6 each, or sodas, which cost $4 each. 1. What is the largest number of burritos that the student could afford to purchase in one month? 2. What is the largest number of sodas the student could afford to purchase in one month? 3. Draw the student's budget constraint. Put burritos on the x axis and sodas on the y-axis. 20 4. Which combinations of...
The Farm Factory, a booth at the local Farmer's Market, sells fresh eggs for $1.50 per...
The Farm Factory, a booth at the local Farmer's Market, sells fresh eggs for $1.50 per dozen and fresh milk for $2.50 per gallon. What is the opportunity cost of buying a dozen eggs? 0 A. 1 2/3 gallons of milk B. 3/5 of a gallon of milk $1.50 C. O D. $2.50 Click to select your answer. 10:25 PM O Type here to search I( Home End PgUp PgDn F8
Two bags contain a number of balls. Bag A contains 4 white and 3 black balls and bag B contains 3...
Two bags contain a number of balls. Bag A contains 4 white and 3 black balls and bag B contains 3 whit and 5 black balls. A ball is chosen at random from bag A and placed into bag B i). Given that the first ball was black, what is the probability that a second ball drawn from bag A will be white? (1 mark) Given no knowledge of the color of the first ball, what is the probability that...
We have two bags containing marbles: • Bag A contains 4 blue, and 3 green marbles...
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Table: The Market for Chocolate-Covered Peanuts Price (per bag) Quantity Demanded (bags per month) $0.90 Quantity...
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without taxes, the market price per bag of apples is $5 and the equilibrium quantity is...
without taxes, the market price per bag of apples is $5 and the equilibrium quantity is 100 bags of apples. with a $2 tax per bag of apples, what will be the cost of production at the priginal equilibrium quantity?
Suppose you have 3 bags containing only apples and oranges. Bag A has 2 apples and...
Suppose you have 3 bags containing only apples and oranges. Bag A has 2 apples and 4 oranges, bag B has 8 apples and 4 oranges, and bag C has 1 apple and 3 oranges. You pick 1 fruit (at random) from each bag. a) What is the probability that you picked exactly 2 apples? b) Suppose you picked 2 apples but forgot which bag they came from. What is the probability that you picked an apple from bag A?
The graphs below show the market for bags of potato chips, which is currently at an...
The graphs below show the market for bags of potato chips, which
is currently at an equilibrium price of $1.33 per bag and an
equilibrium quantity of 5.33 million bags. Suppose that, in an
attempt to lower blood pressure and reduce healthcare costs, the
government imposes a $1.00 excise (or commodity) tax on potato
chips. Please scroll down to answer all 6 questions.
The graphs below show the market for bags of potato chips, which is currently at an equilibrium...
My Notes -/3 points Ask Your Teacher Your local grocery store sells 5 lb bags of...
My Notes -/3 points Ask Your Teacher Your local grocery store sells 5 lb bags of potatoes. However, the 5 lb bags do not weight exactly 5 lbs. If we let X, be the welght of a randomly selected 5 lb bag of potatoes, historical data indicates that X,~ N(5.36, 0.14). The local warehouse store sells 10 lb bags of potatoes, which also do not weight exactly 10 lbs. Ir Y is the weight of a randomly selected 10 lb...
A student has a monthly budget of S120 to spend on either burritos, which cost $6 each, or sodas, which cost S4 each. would leave some budget unspent 5. Which combinations those to the left of the line in the above graph or those to the right of the line in the above graph? 6. What is the equation for the student's budget constraint? In your equation, use Q1 as the variable to represent the quantity of burritos and Q2...
A student has a monthly budget of S120 to spend on either burritos, which cost $6 each, or sodas, which cost $4 each. 1. What is the largest number of burritos that the student could afford to purchase in one month? 2. What is the largest number of sodas the student could afford to purchase in one month? 3. Draw the student's budget constraint. Put burritos on the x axis and sodas on the y-axis. 20 4. Which combinations of...
The Farm Factory, a booth at the local Farmer's Market, sells fresh eggs for $1.50 per dozen and fresh milk for $2.50 per gallon. What is the opportunity cost of buying a dozen eggs? 0 A. 1 2/3 gallons of milk B. 3/5 of a gallon of milk $1.50 C. O D. $2.50 Click to select your answer. 10:25 PM O Type here to search I( Home End PgUp PgDn F8
Two bags contain a number of balls. Bag A contains 4 white and 3 black balls and bag B contains 3 whit and 5 black balls. A ball is chosen at random from bag A and placed into bag B i). Given that the first ball was black, what is the probability that a second ball drawn from bag A will be white? (1 mark) Given no knowledge of the color of the first ball, what is the probability that...
We have two bags containing marbles: • Bag A contains 4 blue, and 3 green marbles • Bag B contains 2 blue, 5 green, and 3 yellow marbles We perform this two step procedure. First, draw a marble from bag A uniformly at random. Then put this marble into bag B. Second, draw a marble from bag B uniformly at random. We keep this marble. What is the probability that the marble we keep is green?
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The graphs below show the market for bags of potato chips, which
is currently at an equilibrium price of $1.33 per bag and an
equilibrium quantity of 5.33 million bags. Suppose that, in an
attempt to lower blood pressure and reduce healthcare costs, the
government imposes a $1.00 excise (or commodity) tax on potato
chips. Please scroll down to answer all 6 questions.
The graphs below show the market for bags of potato chips, which is currently at an equilibrium...
My Notes -/3 points Ask Your Teacher Your local grocery store sells 5 lb bags of potatoes. However, the 5 lb bags do not weight exactly 5 lbs. If we let X, be the welght of a randomly selected 5 lb bag of potatoes, historical data indicates that X,~ N(5.36, 0.14). The local warehouse store sells 10 lb bags of potatoes, which also do not weight exactly 10 lbs. Ir Y is the weight of a randomly selected 10 lb...
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