product Y 60 50 40 30 20 10->> O 0 10 PPF 3 PPF 2 20 30 product X C(c) All exhibit increasing opportunity costs O (d) Only (a) and (c) are true O(e) None of the above 40 02. What can you say about all three of these Production Possibilities Frontiers? O(a) All exhibit decreasing opportunity costs O (b) All represent production where resources are specialized PPF 1 50
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- What are diminishing marginal returns as they relate to costs?The teohnically efficient combination of two products a business oän produco in the current period given its existing resources and teohnology is: LA) The produotion possibilities frontier (b) The marginał rate of product transformation-- (c). The least cost.combination of two products (d) The marginal physical productSet up the objective function and the constraints, but do not solve. Wison Electronics produces a standard Blu-ray player and a deluxe Blu-ray player. The comoany has 2900 hours ef isbor and 18,000 in aperatng espenses availanle each week It takes b5 hours to produce a standard Blu-ray player and 6 hours to preduce a deluxe Blu-ray player Each standard u-ray player casta 15, and each deluxe Biu-ray player costs SI36 The company is requred to produce at least 25 standard Blu-ray players. The company makes a profit of $32 for each standard u-ray plaver and $26 for each delue Blu-ray playen How many of esch type of Blu-ray plarer should be preduced to masimie profe? (Let represent the number of standard Blu-ray players, y the number of deluve Bla-ray piayers, and z the prot in dolars) Maxinie sutject to labor operating expense required standard Bu-ray players v20
- During the night, the electricity sector has a marginal cost of $1/MWh (megawatt-hour) forthe first 100 MWh produced (from wind turbines), and $20/MWh for each additional unit (from gasgenerators). During the day, they have a marginal cost of $1/MWh (megawatt-hour) for the first 50MWh produced (from solar panels), and $20/MWh for each additional unit (from gas generators).Nighttime and daytime demand are given by QnightD = 50 −P and QdayD = 200 −P , respectively.What are the market quantity and price during the day, and the market quantity and price at night?This is a model of the wholesale market for electricity, which you can think of as being competitive,but there is no resale between night and day.4 Long Run Production Capital labor Units Qty $3,000 5 32 outputs % inputs % change - change returns to Scale - $5,000 10 40 100 25 increasing $7,500 12 90 20 125 decreasing $8,000 13 110 8.33 22.22 decreasing $9,000 15 125 15.38 13.636 increasing $11,000 16 130 6.66 4 increasing $11,700 18 320 132 12.5 1.54 increasing 300 280 260 240 220 200 edited 180 160 140 120 100 80 60 For my long run production I wanted to see the different out comes if I my and capital variable After doing so! was able to calculate my output & input % change using the formula (original-new) original Х labor cost per duvet cover 40 20 10 20 30 40 50 60 70 80 90 100 120 130 140 150 160 qty of duvet covers (per month 100Course dashboard Soru 15 SCENARIO 1 You are the owner and only employee of a company that writes computer Henüz software that is used by gamblers to collect sports data. Last year you earned a total revenue cevaplanmadı of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business 4 üzerinden you invested an amount of your own capital that could pay you a return of $40,000 a year. ışaretlenmiş Refer to Scenario 1. During the year your economic costs were P Soruyu işaretle Lütfen birini seçin: O A $30000 OB$130000 O C.S 60000 ODS 40000 O ES 100000 SONRAKİ SAYFA ÖNCEKİ SAYFA 日 O Aramak için buraya yazın
- The technically officient combination of two products a business cản produce in the current period given its existing resources and teohnology is: (A) The production possibilities frontier (b) The marginał rate of product transformation (c). The least cost .combination of two products (d) The maiginal physical product✓ Saved Which of the following production bundles would be considered efficient? P-cakes 60 a Question 4 b C d 50 44 40 34 20 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. 0 60 Pancakes and 0 Bacon 0 Pancakes and 60 Bacon 34 Pancakes and 20 Bacon 20 44 Pancakes and 40 Bacon 40 60 Bacon DAegignment lalhat as Cost Of productio1 n00tu ta celd Of afable suow the folleo- ing kind OR cost A fixed Cost varia ble cost CAccerage to fell cost d Total coRt Acerage KAverage fixed cort gmarginal cost J00thatte ald Of your Olon Illestrahon dufferentiate between accocent pornt OF Niew and the elonomist pent ofview 4 Dustinguuh between opportuncty Cort aud money Cost e carable CO8T ittu 12021 BEST QUAL CISE BOOK
- The ciange in revenueleamed by the business as it employees an additional nit of an input holding otier resource use constant is: (a) Fhe Marginal physical product fb) Fhe Total physical product.- (c) The Average physicał product OThe Marginal value productwhile taking decisions there are different kinds of constraints related to resources, time,rules,physical realityetc leads to the matter of choice.how will you explain the whole situation in terms of costCountry 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.