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Question
What is the production efficient q? C(q)= 100q-4q^2+0.2q^3+450
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- Which agricultural enterprise is relatively more efficient? Interpret all three derived economic parameters (breakeven yield, cost to produce a kilogram, and net profit) and discuss.Alyssa’s Custom Cakes currently sells 4 birthday, 3 wedding,and 2 specialty cakes each month for $45, $155, and $105each, respectively. The cost of labor is $50 per hour (includ-ing benefits) and it takes 90 minutes to produce a birthdaycake, 240 minutes to produce a wedding cake, and 60 min-utes to produce a specialty cake. Alyssa’s current multifactorproductivity ratio is 1.30.a. Use the multifactor productivity ratio provided to calcu-late the average cost of the cakes produced.b. Calculate Alyssa’s labor productivity ratio in dollars perhour for each type of cake c. Based solely on the labor productivity ratio, which cakeshould Alyssa try to sell the most?d. Based on your answer in part (a), is there a type of cakeAlyssa should stop selling?A dressmaker can sew 800 garments with 160 bolts of fabric and 3,000 hours of labor. Another dressmaker can sew 800 garments with 200 bolts of frabic and 2,000 hours of identical labor. Frabric cost $80 a bolt and labor cost $10 an hour. a.) is it possible for both methods to be techically efficient? why or why not? b.) is it possible for both methods to be economically efficient? why or why not?
- Point Pizzas Airplanes A 0 200 B 80 160 C 120 100 D 140 0 Is the production combination of 120 pizzas and 110 airplanes inside, outside, or on the country's PFF and is this production attainable? is the production combination of 100 pizzas and 100 airplanes inside, outside, or on the country's PFF and is this production combination attainable?Alternative ways of making 100 shirts a day are in the table below: Method Labor (hours) Capital (machines) A 10 50 B 20 40 C 50 20 D 100 10 1. Which methods are technologically efficient?How do we solve the following question below?
- If on the Y axis you have 10 and the x axis you have 40 and straight slope goes from 10 to 40 "what is the cost of producing 4 units of good y? (using the concept of the slope of a straight line) A. 4 uints of x B. 16 units of x C. 1/4 units of x D. 40 units of xJackie 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.For a), b) and c) give practical economic examples for each case
- Which cost curve(s) will be impacted if a firm swtiches from plastic cups to more expensive biodegradable disposable cups? Why? Which cost curve(s) will not shift, and why not?The technically efficient combination of two products a busniness can produce in the current period given its existing resources and technology is: (a) The production possibilities frontier (b) The marginal rate of production transformation (c) The least cost combination of two products (d) The marginal physical productAssume the following: (1) three people go to a restaurant, (2) each person orders a soda for P2 and the group of three orders a large pizza to share for a price of P12 and (3) a fourth person joins the group and orders one soda and is invited to share in eating the pizza. Which of the following statements is false? a. The cost of the fourth person’s soda will be P2. b. The total cost of the four sodas consumed by the group is P 8. c. When the fourth person joined the group the total cost of the large pizza increased to P 16. d. When the fourth person joined the group the average pizza cost per person dropped to P3.