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In the galenic corpus of the pharmaceutical factory 6000 bottles of calendula extract and 4000 bottles of iodine solution of 5% alcohol are produced every day. a) Draw on Graph. 1 the production possibility curve of the given factory. b) In order to modernize the production, new equipment was purchased for increasing the production of calendula extract up to 15000 bottles. Show the shift in the production possibility curve of the galenic factory on the graph.

In the galenic corpus of the pharmaceutical factory 6000 bottles of calendula extract and 4000 bottles of iodine solution of 5% alcohol are produced every day. a) Draw on Graph. 1 the production possibility curve of the given factory. b) In order to modernize the production, new equipment was purchased for increasing the production of calendula extract up to 15000 bottles. Show the shift in the production possibility curve of the galenic factory on the graph.

Microeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter3: Demand, Supply, And The Market Process
Section: Chapter Questions
Problem 10CQ
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Task No 3 In the galenic corpus of the pharmaceutical factory 6000 bottles of calendula extract and 4000 bottles of iodine solution of 5% alcohol are produced every day. a) Draw on Graph. 1 the production possibility curve of the given factory. b) In order to modernize the production, new equipment was purchased for increasing the production of calendula extract up to 15000 bottles. Show the shift in the production possibility curve of the galenic factory on the graph. Graph.1 Production possibility curve Bottles of iodine solution 5% 12000 10000 8000 6000 4000 2000 3000 6000 9000 12000 | 15000 18000 21000 24000 Bottles of calendula extract
Transcribed Image Text:Task No 3 In the galenic corpus of the pharmaceutical factory 6000 bottles of calendula extract and 4000 bottles of iodine solution of 5% alcohol are produced every day. a) Draw on Graph. 1 the production possibility curve of the given factory. b) In order to modernize the production, new equipment was purchased for increasing the production of calendula extract up to 15000 bottles. Show the shift in the production possibility curve of the galenic factory on the graph. Graph.1 Production possibility curve Bottles of iodine solution 5% 12000 10000 8000 6000 4000 2000 3000 6000 9000 12000 | 15000 18000 21000 24000 Bottles of calendula extract
Task No 3 The company's revenue is 100 000 rubles. The cost of materials, raw materials is 35 000 rubles, the cost of fuel and energy consumption is 10 000 rubles. The wages of employees are 25 000 rubles. Having a specialist diploma, an entrepreneur could receive a wage as an employee in another company in the amount of 5000 rubles, while he could put the available money (200 000) into the bank at an annual interest rate of 10%. Calculate the accounting and economic profit of this firm: Solution: ANSWER:
Transcribed Image Text:Task No 3 The company's revenue is 100 000 rubles. The cost of materials, raw materials is 35 000 rubles, the cost of fuel and energy consumption is 10 000 rubles. The wages of employees are 25 000 rubles. Having a specialist diploma, an entrepreneur could receive a wage as an employee in another company in the amount of 5000 rubles, while he could put the available money (200 000) into the bank at an annual interest rate of 10%. Calculate the accounting and economic profit of this firm: Solution: ANSWER:
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