Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,200 pounds) has the following standards: Standard Quantity Standard Price $ 0.52 per lb. Whole tomatoes 2,000 lbs. 110 gal. $3.20 per gal Vinegar $11.60 per gal. 9 gal Corn syrup $2.90 per lb. Salt 44 lbs The actual materials in a batch may vary...
In a recent tomato eating contest, the average number of tomatoes a person ate was 21 witha standard deviation of 4. Find the Z- score of a person who ate the following amount of tomatoes A) 27 Tomatoes B) 19 Tomatoes C) 21 Tomatoes Using the information above, find the corresponding number of tomatoes eaten for the given Z-score: A)...
Use the set of the frequent item sequences to generate sequential rules (No need to generate the frequent item sequences!). For each rule, calculate the support and the confidence. Here is an example: consider the rule the frequent itemset <{ Eggs },{Tomatoes},{Vinegar}>. From this itemset we can create a sequential rule <{ Eggs },{Tomatoes}> -> <{Vinegar}> which says that if...
4.) Suppose now that instead Rachel and Lauren are going to grow their own watermelons and tomatoes. If Rachel dedicates all her time to growing watermelons, she will grow 4 watermelons. If she spends all her time growing tomatoes, she will grow 3 tomatoes. If Lauren spends all her time growing watermelons, she will grow 2 watermelons. And if Lauren...
Green et al. (2005) estimate the supply and demand curves for California processed tomatoes. The supply function is: In(Os) 0.2000.550 In(p) where Q is the quantity of processing tomatoes in millions of tons per year and p is the price in dollars per ton. The demand function is In(Q)-2.600 0.200 In(p) + 0.150 In(pt). where p, is the price of...
1. Consider two individuals, Teresa and Justin, who produce vegetables. Each uses the same number of workers to produce tomatoes or peppers. Production per lot (in kilograms) is shown in the following table.Teresa JustinTomatoes10080Peppers130120 Who has a comparative advantage in producing peppers and tomatoes? ExplainMy Attempt: Teresa- Opportunity cost of Tomatoes = 130 / 100 = 1.3 Pepper- Opportunity cost of Pepper...
A California grower has a 50-acre farm on which to plant strawberries and tomatoes. The grower has available 300 hours of labor per week and 800 tons of fertilizer, and he has contracted for shipping space for a maximum of 26 acres’ worth of strawberries and 37 acres’ worth of tomatoes. An acre of strawberries requires 10 hours of labor...
Question 2 [E3.3] Green et al. (2005) estimated the supply and demand curves for California processing tomatoes. The supply function is In Q = 0.2 +0.55 In P where Q is the quantity of processing tomatoes in millions of tons per year, and Pis the price in dollars per ton. The demand function is in Q = 2.6 - 0.3...
In a single-product economy, which produces only tomatoes, the unit price of a tomato was $0.5 in 2000 and increased to $0.8 in 2018. The price index of the economy in 2018 (base year = 2000):
red sauce canning company processes tomatoes Q2. Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 2017, the joint costs of processing the tomatoes were $420,000. There was no beginning or ending inventories for the summer. Production and sales value information for the summer is as follows: Sales Value at Separable Split-off...