In problem 11 , what is the marginal cost of 1 pound of food in Yucatan when
Question:
In problem 11 , what is the marginal cost of 1 pound of food in Yucatan when the quantity produced is 150 pounds per day? What is special about the marginal cost of food in Yucatan?
Problem 11
Suppose that Yucatan’s production possibilities are
Transcribed Image Text:
Food (pounds per month) 300 200 100 0 and and and and Sunscreen (gallons per month) 0 50 100 150
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
To find the marginal cost of 1 pound of food in Yucatan when the quantity produced is 150 pounds per day well need to look at Yucatans production poss...View the full answer
Answered By
Muqadas Javed
I am a mentor by profession since seven years. I have been teaching on online forums and in universities. Teaching is my passion therefore i always try to find simple solution for complicated problems or task grasp them so that students can easily grasp them.I will provide you very detailed and self explanatory answers and that will help you to get good grade. I have two slogans: quality solution and on time delivery.
4.60+
24+ Reviews
144+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In problem 21, what is the marginal cost of a pound of food in Yucatan when the quantity produced is 150 pounds per day? What is special about the marginal cost of food in Yucatan?
-
1. Which method is used to allocate the following scarce resources? Campus parking space between student areas and faculty areas A spot in a restricted student parking area Textbooks Host city...
-
1. A taxi company currently has nine cabs in its fleet, and its total daily cost is $4,000. If the company added a tenth cab, its daily total cost would be $4,200, or $420 per cab. Adding the tenth...
-
A rectangular loop of wire with sides 0.20 and 0.35 m lies in a plane perpendicular to a constant magnetic field (see part a of the drawing). The magnetic field has a magnitude of 0.65 T and is...
-
(a)If f(x) = 4x tan x, /2 < x < /2, find f and f. (b) Check to see that your answers to part (a) are reasonable by comparing the graphs of f, f, and f
-
Find the unit tangent vector to the curve at the specified value of the parameter. r(t) = ti + 2tj, t = 1
-
You are appointed to participate on a time efficiency team. The team includes factory workers, Supervisor and a representative from the accounting department. Currently the factory workers record...
-
Why do managers care about capacity utilization? Are managers controlling costs when they control utilization?
-
On October 2 4 , you plan to purchase a $ 1 , 8 0 0 computer by using one of your two credit cards. The Silver Card charges 1 8 % interest and calculates interest based on the balance on the first...
-
The table describes the preferences in Yucatan. a. What is the marginal benefit of sunscreen and how is it measured? b. Using the table in Problem 11 , what does Yucatan produce to achieve allocative...
-
a. Draw a graph of Yucatans PPF and explain how your graph illustrates a tradeoff. b. If Yucatan produces 150 pounds of food per month, how much sunscreen must it produce if it achieves production...
-
The Coca-Cola Company is organized geographically and defines reportable operating segments as regions of the world. The following information was extracted from Note 19 Operating Segments in the...
-
Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $37 per unit. The company produced and sold 5,600 dog cages during July 2017. There were...
-
Write your answer in at least 10 sentences for each question, Question 13: Explain, using your own words: what is the revenue recognition principle? Give an example of the revenue recognition...
-
Factor. 2 u + 16u+64 M X
-
A company that manufactures small canoes has a fixed cost of $18,000. It costs $20 to produce each canoe. The selling price is $80 per canoe. (In solving this exercise, let x represent the number of...
-
Other things to think about is around B2B versus B2C. Are social media tools using the same in those markets or are they different?
-
Miriam Corporation purchased machinery on January 1, 2014, at a cost of $380,000. The estimated useful life of the machinery is 5 years, with an estimated salvage value at the end of that period of...
-
A local politician is concerned that a program for the homeless in her city is discriminating against blacks and other minorities. The following data were taken from a random sample of black and...
-
If the government levies a pollution tax such that the utility produces the efficient quantity, what is the price of electricity, the tax levied, and the governments tax revenue per day? The first...
-
Describe the externalities at Onondaga Lake and draw a graph to illustrate the inefficiency arising from them. Onondaga Lake in Syracuse, N.Y., is called Americas most polluted lake as raw sewage and...
-
Draw a graph to explain and illustrate the situation at Onondaga Lake when allocative efficiency is achieved. Onondaga Lake in Syracuse, N.Y., is called Americas most polluted lake as raw sewage and...
-
Redwood Industries has EBIT of $450 million, interest expense of $175 million, and a corporate tax rate of 35%. The total of Rosewood's net income and interest payments is closest to:
-
Jayden is evaluating purchasing a sandwich shop from his friend. Currently, the shop sells sandwiches for $10 each with a variable cost of $3 per sandwich. The fixed costs for the shop are $1,400....
-
To create a sample program personnel budget and to evaluate your budget. Scenario: You are the director of a small early childhood program, forecasting for your upcoming year. Your program will have...
Study smarter with the SolutionInn App