Country JKL has a maximum of 50 labour(hours). The tab shows maximum quantity of wheat and cotton the Country produce with different labour (hours) used. Combination A B C D E F Corn 15 14 12 9 5 0 Wheat 0 2 4 6 8 10                                                                                                                               1) Plot the production combinations on a graph paper combinations as A to F. 2) Can Country JKL produce the following     A) 4,000 kg of wheat and 9 ,000 kg of cotton     B) 14,000 kg of wheat and 6 ,000 kg of cotton 3)Suppose that Country JKL produces 6,000kg of wheat and 100kg of cotton a week.Calculate the opportunity cost it of producing 3,000kg extra cotton a week

Q: 1 3. For the technologies y=min{*,4.x, } and y=+x, compute: 4 a) the total cost and the cost of…

A: Marginal cost (MC) is the addition to the total cost by producing one more unit of output. Average…

Q: Question attahed in image

A: The costs and the revenue are important for a firm to analyze because with the cost and the revenue…

Q: of oil is US$90 rear futures price of oil is US$75 ES interest rate is 5% per annum sts of oil are…

A: *Answer:  .1. Theoretical Forward price for one year = Spot price * (1+ storage cost + Interest…

Q: 40 points pasible tgraded results hidden) Just Juice pays their workers 99.0tk per day. The cost of…

A: A)  Variable cost.  No. Of labor when 300 quantity is produced = 4 Labor cost = 4*99 = 396 Cost of…

Q: P 4. A decision at the margin Megan is a hard-working college sophomore. One Thursday, she decides…

A: 4) The decision at margin defines the change in number of questions done or pages studied in each…

Q: How many plates of claims will Bob consume in total?

A: The consumption done by the individual provides the marginal benefit to the consumer and the…

Q: Celine Dion of Montreal can prepare her own tax return in 12 hours or hire Justin Trudeau, who is a…

A: The opportunity cost to Celine Dion of preparing her own tax return is to hire Justin (a tax…

Q: 60 76Juanita makes $42 an hour at work. She has to take time off work to purchase her skirt, so each…

A: Opportunity cost : Opportunity cost refers to the value of the next-highest-valued alternative use…

Q: A 25% reduction in labor hours is obtained with 75% learning curve each time the production quantity…

A: The concept that depicts the doubling of production level is known as the learning curve. This…

Q: If the government says that firm X must pay 50000 in taxes simply because it in the business…

A: In a market, government imposes different types of taxes on different products and services based on…

Q: Hello everyone, I need a small help answering the following question: 6.1 Given the following…

A: Given fixed cost = $200 Variable cost = $40

Q: a) Does the product function provide constant, increasing, or decreasing scale benefits? b) Kjell…

A: x = 100N0.8K0.2 When both inputs are doubled, new production function is x* = 100 x (2N)0.8(2K)0.2 =…

Q: The figure below depicts the production function of grain for farmers under average growing…

A: In a year of a bad drought, the production curve can turn downward for a large number of farmers.…

Q: Workers per day Variable cost in S per day Pizza Fixed cost in S per day 400 6.00 400- 400. 400 400…

A: Total cost = Fixed cost+Variable Cost

Q: PRICE MARGIN AL ТОТА AVER AGE WORKE AVER AGE MAR GINA OUTPU AVERA ТОТА MARG INAL Т (Total | (P)…

A: A production function uses the factors of production (like labour, capital, technology, raw…

Q: Total Quantity Fixed Costs (FC) Variable Costs (VC) Costs of TC) Apples 0 80 1 80 117 197 332 2 80…

A: Total cost:Total cost refers to the entire cost which is required for the production. Alternatively,…

Q: e table below shows the number of units of labour and capital used in 4 alternative production…

A: The cost of production is delineated in political economy because the expenses exhausted to urge the…

Q: Labor Capital (machines) Technique (hours) A 10 35 B 25 25 C 10 60 D 30 20 sing the data in the…

A: Labor and capital are the variable inputs that are used in production of good. The table shows the…

Q: Green Bank employs three loan officers, each working eight hours per day. Each officer processes an…

A: Productivity is the ratio between the output and input quantity of the production process.

Q: A. Negative, since it may improve your grade. B. Zero, because studying is required by the school. O…

A: The opportunity cost the cost of the next best alternative foregone. This concept is widely used in…

Q: A firm can produce only 2900 units per month. The monthly total cost is given by C(x) = 400 + 200x…

A: A firm’s main objective is to maximize its profits which it does by producing at an output where the…

Q: 3 When the inputs price ratio (sliope of cost line) is greater than the MRTS, (MPK/PK > MPL/PL) the…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 3. For the technologies y=min{x.4x, } and y=+x, compute: a) the total cost and the cost of…

A: (i) Total cost is the sum total of fixed cost and variable cost, corresponding to a given output…

Q: * 25 20 15 LRAC 10 5 10 15 20 25 30 Quantity (units per hour) Cost (dollars per unit)

A: Economies of scale occurs when LRAC decreases as quantity increases Diseconomies of scale occur when…

Q: Consider a corn farmer with one acre of land. In addition to land, other factors include quantity of…

A: The marginal ear of corn is the change in the total ears of corn when units of fertilizers increase…

Q: A) A firm would like to produce 5 units of bread (B) and 4 units of strawberry jam (J) per week…

A: Economies of scope is a decline in average cost of production when the firm produces an increasing…

Q: a) A highly skilled worker can use two scissors at once in his left and right hands with a…

A: Given: Q1 = 500 Q2=1500

Q: e marginal gain from Jake's fourth hour of work, from 11:00 AM to noon, is 25 problems. ter, the…

A: Answer: 2 hours working on problems, 2 hours reading. Explanation: If Jake spends the first hour…

Q: Nancy Lerner is trying to decide how to allocate her time in studying for her economics course.…

A: "Since you have posted a question with multiple subpart,we will solve first three sub-parts for…

Q: Please see attached.

A: Juanita’s opportunity cost (OC) of time is the cost she incurs in the form of lost income when she…

Q: es. a sells one of its existing airplanes to K no of D

A: The transaction which will be included in the GDP for the United States is when Coca Cola builds a…

Q: Additional questions:The labor cost per day of hiring two workers is $_____?The total cost per day…

A: Fixed costs are the costs that do not vary with the level of output. Rent, interest payments, etc.…

Q: The ciange in revenueleamed by the business as it employees an additional nit of an input holding…

A: In the production process, inputs are used to produce the final output. There are different inputs…

Q: 1. The transportation cost is $100 per ton per mile. A factory is producing 10 tons of output per…

A: Given the transportation cost = $100 per  ton per mileTotal output = 10 tonsRent = $5000Distance = 3…

Q: Raphael is a hard-working college senior. One Saturday, he decides to work nonstop until he has…

A: Marginal gain of working on problems refers to increase in number of problems answered from…

Q: a. The following table below shows the production possibilities combination of two products in a…

A: Production function shows the different combinations of two goods that can be produced with…

Q: Victors marginals cost of producing an additionally unit of nuts is

A: Marginal cost or opportunity cost is given by slope of PPF curve.Therefore marginal cost = Slope of…

Q: Consider a corn farmer with one acre of land. In addition to land, other factors include quantity of…

A: Note : In case of multiple questions , we answer only the first question .   The answer to your…

Q: e) Suppose that the marginel product P lalaur for Windheek Manufacture Company's production is 3…

A: MRTS = MPL/MPK

Q: Price of a Skirt (Dollars per skirt)     Local Department Store 15 103 Across Town 30 87 Neighboring…

A:

Q: $1 and Px. $2. How 4-11. Consider the production function Y X}" X". Px. many units of X, and X,…

A: A production function translates a set of inputs into a collection of outputs.In other words, it…

Q: 1toasters 50 43 40 35 30 25 20 15 DB 10 10 20 30 40 50 60 70 80 tootk- druskes Refer to Figure 2-4.…

A: Production Possibility Curve: This is the curve that shows the various combination of two goods that…

Q: e Travel Time Each Way Price of a Suit (Minutes) (Dollars per suit) Local Department Store 15 102…

A: Opportunity Cost refers to the potential benefits an individual, investor, or business misses out on…

Q: Complete the below table if the fixed the costs of production is $6000. Price Quantity TR Fixed cost…

A: Given fixed costs = $6000

Q: Set up the objective function and the constraints, but do not solve. Wison Electronics produces a…

A: The correct answer is given in the second step.

Q: Travel Time Each Way Price of a Dress Store (Minutes) (Dollars per dress) Local Department Store 15…

A: Opportunity cost refers to value of next value alternative. Here it is foregone income that could…

Q: Hamza is a young and energetic production manager of a software production firm. With his hard work,…

A: Total costs include both total fixed and total variable expenses. Total fixed costs are the sum of…

Q: Total revenue of producing 30 units of output from the above table is: Select one: a. $180 b. $435…

A: Total Cost : It is the summation of total variable cost and total fixed cost. It is incurred by the…

Q: productivity is output per input. seed is technology. using HYV (high yielding crop variety) helps…

A: In this, the seed is considered as technology. Especially, HYV seeds helps to increase the…