In 1 hour, john can make 4 sandwiches or 9 salads. Jane works with John and in one hour she can make 7 sandwiches or 10 salads. Knowing the each work 8 hours per day, if they both allocate 4 hours to each activity, then in total how many salads can be made
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In 1 hour, john can make 4 sandwiches or 9 salads. Jane works with John and in one hour she can make 7 sandwiches or 10 salads. Knowing the each work 8 hours per day, if they both allocate 4 hours to each activity, then in total how many salads can be made?
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- Suppose you have a team of two workers: one is a baker and one is a chef. Explain why file kitchen can produce more meals in a given period of time if each worker specializes in what they do best than if each worker tries to do everything from appetizer to dessert.Davis Florist has two employees, Anita and Jerome, and two tasks that need to be completed, floral arrangements and floral delivery. It takes Anita 30 minutes to finish one floral arrangement and 40 minutes to make a delivery. It takes Jerome 10 minutes to finish one floral arrangement and 30 minutes to make a delivery. Each worker works six hours per day. a. Suppose that, initially, both Jerome and Anita spend four hours each day doing floral arrangements and two hours each day doing deliveries. Now suppose they change their tasks, so that each individual does nothing but the task in which she or he has a comparative advantage. How many more floral arrangements and deliveries could they produce each day? ________ additional floral arrangements _________ additional deliveriesJackie is an employee at a food processing plant. In each hour of her shift, she works hard and packages 15 cases of canned fruits per hour. If an average employee packages 100 cases in an eight-hour shift, the number 1.20 indicates a. Jackies productivity. b. Jackies efficiency. c. Jackies process time. d. Jackies cycle time.
- Bill works for a large food service company. In one hour he can make 13 sandwiches or he can make 36 salads. Bill works 8 hours per day. If Bill needs to make 33 sandwiches then how many salads can he make? Round your answer to the nearest whole number.Need help with 4,5 & 6 4) Determine the cost of 1 gallon of gasoline. Calculate the labor cost equivalent of those 2 people to push a car 40 miles. (You have to make assumptions on how much you would have to pay someone per hour to push a car). How much cheaper is it to use a gallon of gasoline to move a car 40 miles down the road as opposed to paying 2 people to push the car 40 miles down the road. 5) How much energy (in Joules and in food calories) do you estimate it would take two people to push a car 40 miles down the road. (1 food calorie = 4,186 J) The basic metabolic rate for the human body is about 60 (food) calories per hour. A runner running 10 miles at 6 minutes per mile burns about 1000 food calories per hour. Estimate how many calories per hour a person pushing a car at walking speed would burn (remember there are 2 people pushing at the same time) 6) Assuming that the car was traveling at 45 miles per hour (a very efficient speed for a car). How long does it take…Viktor is a lawyer who loves filing legal briefs and motions. His goal is to get as many legal briefs and motions filed as possible. Viktor has a colleague, Mr. Bean, who can also write briefs and motions. The number of legal briefs and motions each can write in one day is shown in the table below. a. Fill in the rest of the table with the opportunity cost of legal briefs and motions written for each person. Be sure to include the units. b. If the two colleagues decide to specialize, who will write legal briefs and who will write legal motions? c. What is the range of legal briefs exchanged for one legal motion in order to make the terms of trade beneficial (better than not trading) for both colleagues? Maximum Legal Briefs Maximum Legal Motions Opportunity Cost of 1 Legal Brief Opportunity Cost of 1 Legal Motion Viktor 2 3 Mr. Bean 4 3
- Method Units of Labor Units of Capital 1 50 10 2 20 40 3 10 70 A small company that shovels sidewalks and driveways has 100 homes to service for the winter. It can use various combinations of labor and capital: lots of labor with hand shovels, less labor with snow blowers, and still less labor with a pickup truck that has a snowplow on front. A summary of the methods is listed above. If hiring labor cost $100/unit and a unit of capital costs $400, what production method should be used? If labor cost increases to $200/unit what method should be chosen? You must show your calculations.A small company that shovels sidewalks and driveways has 100 homes signed up for its services this winter. It can use various combinations of capital and labor: intensive labor with hand shovels, less labor with snow blowers, and still less labor with a pickup truck that has a snowplow on front. To summarize, the method choices are: Method 1: 50 units of labor, 10 units of capital Method 2: 20 units of labor, 40 units of capital Method 3: 10 units of labor, 70 units of capital Question If hiring labor for the winter costs $100/unit and a unit of capital costs $400, what is the best production method? What method should the company use if the cost of labor rises to $200/unit?A small company that shovels sidewalks and driveways has 100 homes signed up for its services this winter. It can use various combinations of capital and labor: intensive labor with hand shovels, less labor with snow blowers, and still less labor with a pickup truck that has a snowplow on front. To summarize, the method choices are: Method 1: 50 units of labor, 10 units of capital Method 2: 20 units of labor, 40 units of capital Method 3: 10 units of labor, 70 units of capital If hiring labor for the winter costs $100/unit and a unit of capital costs $400, what is the best production method? What method should the company use if the cost of labor rises to $200/unit?
- Explain all resources that economic relies on.(More difficult) Assume our standard model. Both Andreas and Katya have 5 hours. In an hour, Andreas can knit 5 scarves or 4 hats. In an hour, Katya can knit 6 scarves or 6 hats. If they are efficiently producing 37 scarves, how many hats are they making?There was once a tree on the Campus of Benedict College that students labeled the “Dummy Tree.” This was done because students that were often seen under the tree were considered to be wasting their very valuable time. Therefore, this tree was attributed with contributing to the bad grades of those students that were constantly under the tree. Let’s say that a student spent 4 hours a week under the tree and was supposed to spend 15 hours a week in class. Further suppose that this particular student made some new friends through out the semester that are bad influences. They were able to convince him to hang out longer under the tree. So now he is under the tree 7 hours a week. What happened to his class time? Show a production possibilities model that may have demonstrated this student’s behavior. Do not forget to include opportunity costs in your analysis.