Point Number of Cookies Number of Cakes A 42 0 B 38 4 C 30 7 D 19 9 E 0 10 So, let's look at the last combination. What is the opportunity cost of one cake if we move from combination D to combination E? (If needed, round to one decimal place.)
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- Question 30 Link and Zelda each have 12 hours a week they can spend making costumes and accessories for their cosplay group. Link has been doing this for years and can make a costume piece in 2 hours and an accessory item in 1 hour. Zelda is still learning and can make a costume piece in 3 hours and an accessory item in 2 hours. The opportunity cost of 1 costume piece for Link in terms of accessory items (i.e. accessory items per costume piece):What is the opportunity cost of one cake if we move from combination A to combination B?Okay, so what is the opportunity cost of one cake if we move from combination A to combination B? (If needed, round to two decimal places.)
- A company that produces brass hardware for doors has the ability to produce up to 6,500 hinges per week but then is unable to produce doorknobs. Or it can produce up to 650 doorknobs per week but then is unable to produce any hinges. In the graph below, use the straight-line tool to draw the company's production possibilities frontier, where the quantities are per week (do not use the point tool to plot endpoints). Then use the point tool to plot a point to indicate the company's maximum output where it is producing exactly three times as many hinges as doorknobs. To refer to the graphing tutorial for this question type, please click here. Quartity ofinge 000 7500 000 4000 000 100 1000 Quartity of doorknotWhat is opportunity cost? Explain the Law of Increasing Opportunity Costs with a numerical table and a graph as well.Vasya can photocopy 10 pages from a book or type 2 pages of handwritten text in 10 minutes. Petya can photocopy 40 pages from a book or type 3 pages of handwritten text in 10 minutes. Suppose also that both tasks are equally enjoyable to both of them. Given the information, if Vasya takes a course and learns how to type 3 pages in 10 minutes and can still photocopy 10 pages in 10 minutes, then: Petya will photocopy 5 pages and type 1 page, and Vasya will photocopy 20 pages and type 2 pages. Vasya will photocopy 5 pages and type 1 page, and Petya will photocopy 20 pages and type 2 pages. (c) They will not know what to do since not enough information is provided. (D) Petya will do all the typing and Vasya will do all of the photocopying. (E) Petya will do all the photocopying and Vasya will do all the typing.
- The table below contains information of three techniques for producing $ 15 worth of bar soap. Assume that we said " $ 15 worth of bar soap" because soap costs $ 3 per bar and all three techniques produce 5 bars of soap ( $ 15=$ 3 per bar multiply on 5 bars). So you know each techniques produces 5 bars of soap. a) What technique will you want to use if the price of a bar of soap falls to $ 2. 75? What if the price of bar of soap rises to $ 4? What if the price of bar of soap rises to $ 5? b). How many bars of soap will you want to produce if the price of a bar of soap falls to $ 2. 00 ? ( a) Five: it is profitable to produce bars of soap at this selling price; b) Zero: It is not profitable to produce bars of soap at this selling price ). c) Suppose that the bar of soap is again $ 3 per bar but that the prices of all four resources are now $ 1 per unit. Which is now the least- profitable technique? d). if the resource prices returns to their original levels (the ones shown in…Both Bob and Laura can work 6 hours per day in either market work for a wage or in home production. In particular, they can work at home to make meals or work in the labor market to purchase ingredients for those meals. Their production possibilities per hour are in the table below. If Laura and Bob are single and they each work to produce their own meals and ingredients, and both need to eat 3 (and only 3) meals per day, what is the dollar value of ingredients they can collectively produce in one day? Bob Laura Bob and Laura's Production Possibilities Numeric Response Meals per hour $ of Ingredients per hour 1 1 20 15if Colin always gives up producing 2 fidget spinners every time he produces a Pokemon card what is the constant opportunity cost and the graph used to represent it
- Scott and Cindy both produce only pizza and tacos. In one hour, Cindy can produce 20 pizzas or 40 tacos. In one hour, Scott can produce 40 pizzas or 50 tacos. Based on this information, the person specializing in the production of tacos is willing to sell 10 tacos in return for at least pizzas and the other person is willing to pay no more than pizzas for the 10 tacos. Enter numerical values, rounding to two decimal places, and do not enter fractions. For example, enter 23.00 or 43.12.Complete the following logical statement: "Because of , individuals and societies must make choices, and they must therefore consider the opportunity cost of every action."Maria and Kevin need to decide which one of them will take time off from work to complete the rather urgent task of shearing their llamas. Maria is pretty good with a pair of shears; she can shear the llamas in 1 hour. Kevin is somewhat slow; it takes him 5 hours to shear the llamas. Maria earns $190 per hour as a psychiatrist, while Kevin earns $15 per hour as a cobbler. Keeping in mind that either Maria or Kevin must take time off from work to shear the llamas, who has the lower opportunity cost of completing the task? Maria Kevin Maria and Kevin face identical opportunity costsAFTER THE CHART Suppose Frances is currently using combination D, producing one truck per day. Her opportunity cost of producing a second truck per day is per day. Now, suppose Frances is currently using combination C, producing two trucks per day. Her opportunity cost of producing a third truck per day is per day. From the previous analysis, you can determine that as Frances increases her production of trucks, her opportunity cost of producing one more truck . Suppose Frances buys a new tool that enables her to produce twice as many trucks per hour as before, but it doesn't affect her ability to produce puzzles. Use the green points (triangle symbol) to plot her new PPF on the previous graph. Because she can now make more trucks per hour, Frances's opportunity cost of producing puzzles is it was previously.