I’m having trouble creating a production possibilities curve. I need the steps. Say a baker sells...
Homework Answers
PPC is defined as the locus of all possible combinations of two goods that can be produced with the given available resources.
The slope of PPF ( Marginal Rate of Product Transformation ) is ratio of marginal cost of two goods.
That is, if donuts are on horizontal axis & cupcakes lie on vertical axis, then slope of PPF is ,
MRPT_d,c = MC_d / MC_c
Since the two MC are constant, equals to cost of production, so PPF would be a (downward sloping) straight line , with the slope 2.5/1.5 = 1.67
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I’m
having trouble creating a production possibilities curve. I need
the steps. Say a baker sells...
1.4 Creating and Interpreting a Production Possibilities Curve Your task: using the data below, construct the...
1.4 Creating and Interpreting a Production Possibilities Curve Your task: using the data below, construct the production possibilities curve for the hypothetical country of Michigania The country produces only two products: caps and balls (yes, they love sports in Michigania). Next, answer the questions that follow Production Possibility Number of caps (In milion) Number of balls (n millions 35 50 65 sO 68 54 35 You can draw this by hand, or you can use Word Art to label the...
Hello, I’m having trouble answering these questions it would be great if I could get some...
Hello, I’m having trouble answering these questions it would
be great if I could get some simple concise answers. So I can get a
better understanding.
5. Think about a product that you have recently purchased. What factors affected your decision? For example, how important was the price of the product? How important were other things such as your income, the prices of other goods, your preferences, your expectations about future prices in your decision making? Can you draw your...
Please answer the following in a few sentences each. 1. Why is a production possibilities frontier...
Please answer the following in a few sentences each. 1. Why is a production possibilities frontier typically drawn as a curve, rather than a straight line? Explain why societies cannot make a choice above their production possibilities frontier and should not make a choice below it. 2. During the Second World War, Germany’s factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germany’s production possibilities curve? How is a similar effect...
Please answer both! I would appreciate it! Show all your work as well. I’m having trouble...
Please answer both! I would appreciate it! Show all your work
as well. I’m having trouble with dilutions. Thank you!
You have 99 mL and 9 mL dilution blanks available to you. Draw and label a protocol by which you could make three plates that contained a 1 X 10, 1 X 104 and 1 X、105 dilution. 2. 3. A culture was diluted by adding a 0.1 mL aliquot to 0.9 mL water. Then, 0.1 mL of this dilution was...
I understand most of this, but having trouble with C. Correct answers are shown, all I...
I understand most of this, but having trouble with C. Correct
answers are shown, all I need to know is how to work through the
problem. Please show work
Country C produces 1,000 pounds of cotton at a cost of 50 cents per pound. They sell all of the cotton to Country S for 75 cents per pound. Country S makes 1,000 t-shirts with the cotton for a total cost of $1.50 per t-shirt. They sell all of the shirts...
Need help, please show work. Also Im having trouble with this problem. Please be specific on...
Need help, please show work. Also Im having trouble with this
problem. Please be specific on what answer goes to A, B, or C
Country C produces 1,000 pounds of cotton at a cost of 50 cents per pound. They sell all of the cotton to Country S for 75 cents per pound. Country S makes 1,000 t-shirts with the cotton for a total cost of $1.50 per t-shirt. They sell all of the shirts to Country R for $2.00...
I am having trouble with question 3. Please help. Kubin Company's relevant range of production is...
I am having trouble with
question 3. Please help.
Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces and sells 27,500 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 8.40 $ 5.40 $ 2.90 $ 6.40 $ 4.90 $ 3.90 $ 2.40 $ 1.90 Required: 1. Assume the...
I need help on number 12. Help Center Question Completion Status QUESTION 11 The production possibilities...
I need help on number 12.
Help Center Question Completion Status QUESTION 11 The production possibilities curve illustrates the basic principle that the production of more of any one good will in time require smaller and smaller sacrifices of other goods, if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced an economy will automatically obtain full employment of its resources. an economy's capacity to...
I am having trouble understanding this question. I don't need every single value worked out I...
I am having trouble understanding this question. I don't need every single value worked out I just want to understand what to do so I can work the rest out myself! The question is written exactly as writtten: The pK of an acid is 4.16. Calculate the pH of a solution of the acid if it is titrated to the following extents. Use the value associated with your student ID: extent of titration with NaOH, percent 0 1 2 3...
Hi! I am having trouble finding the correct solution to this problem. Also, I will need...
Hi! I am having trouble finding the correct solution to this problem. Also, I will need an explanation. I would appreciate it. Noelle’s diamond ring was stolen in November 2017. She originally paid $8,000 for the ring, but it was worth considerably more at the time of the theft. Noelle filed an insurance claim for the stolen ring, but the claim was denied. Because the insurance claim was denied, Noelle took a casualty loss deduction for the stolen ring on...
1.4 Creating and Interpreting a Production Possibilities Curve Your task: using the data below, construct the production possibilities curve for the hypothetical country of Michigania The country produces only two products: caps and balls (yes, they love sports in Michigania). Next, answer the questions that follow Production Possibility Number of caps (In milion) Number of balls (n millions 35 50 65 sO 68 54 35 You can draw this by hand, or you can use Word Art to label the...
Hello, I’m having trouble answering these questions it would
be great if I could get some simple concise answers. So I can get a
better understanding.
5. Think about a product that you have recently purchased. What factors affected your decision? For example, how important was the price of the product? How important were other things such as your income, the prices of other goods, your preferences, your expectations about future prices in your decision making? Can you draw your...
Please answer both! I would appreciate it! Show all your work
as well. I’m having trouble with dilutions. Thank you!
You have 99 mL and 9 mL dilution blanks available to you. Draw and label a protocol by which you could make three plates that contained a 1 X 10, 1 X 104 and 1 X、105 dilution. 2. 3. A culture was diluted by adding a 0.1 mL aliquot to 0.9 mL water. Then, 0.1 mL of this dilution was...
I understand most of this, but having trouble with C. Correct
answers are shown, all I need to know is how to work through the
problem. Please show work
Country C produces 1,000 pounds of cotton at a cost of 50 cents per pound. They sell all of the cotton to Country S for 75 cents per pound. Country S makes 1,000 t-shirts with the cotton for a total cost of $1.50 per t-shirt. They sell all of the shirts...
Need help, please show work. Also Im having trouble with this
problem. Please be specific on what answer goes to A, B, or C
Country C produces 1,000 pounds of cotton at a cost of 50 cents per pound. They sell all of the cotton to Country S for 75 cents per pound. Country S makes 1,000 t-shirts with the cotton for a total cost of $1.50 per t-shirt. They sell all of the shirts to Country R for $2.00...
I am having trouble with
question 3. Please help.
Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces and sells 27,500 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 8.40 $ 5.40 $ 2.90 $ 6.40 $ 4.90 $ 3.90 $ 2.40 $ 1.90 Required: 1. Assume the...
I need help on number 12.
Help Center Question Completion Status QUESTION 11 The production possibilities curve illustrates the basic principle that the production of more of any one good will in time require smaller and smaller sacrifices of other goods, if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced an economy will automatically obtain full employment of its resources. an economy's capacity to...
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