lego spider city concity is conventioal city with diminishing returns to building height and vertical transportation in elevator within buildings. when an innovation in construction allows stackable buildings(no additional reinforcement is required for taller buildings) the city changes its name to legocity. when workers acquire new climbing skills and are able to rappel up and down the outside of the buildings, the city changes its name to legospidercity a. draw a trio of isoquuants for concity, legocity and legospider city. b. rank the tree cities with respect to the willingness to pay for land close to the city center.

lego spider city concity is conventioal city with diminishing returns to building height and vertical transportation in elevator within buildings. when an innovation in construction allows stackable buildings(no additional reinforcement is required for taller buildings) the city changes its name to legocity. when workers acquire new climbing skills and are able to rappel up and down the outside of the buildings, the city changes its name to legospidercity a. draw a trio of isoquuants for concity, legocity and legospider city. b. rank the tree cities with respect to the willingness to pay for land close to the city center.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 24RQ: What is a production technology?

See similar textbooks

Similar questions

Suppose that Jacques is a diligent hard-working third-year college student. One Saturday, he decides to start the day by working through 150 practice problems to study for the computer science class. Using a table to track his progress throughout the day, he notices that as the hours pass, it takes him longer to solve the problems. Time Total Problems Solved 7:00 AM 0 8:00 AM 60 9:00 AM 105 10:00 AM 135 11:00 AM 150 Use the table to answer the following questions. The marginal, or additional, gain from Bella’s first hour spent working, from 7:00 AM to 8:00 AM, is problems. The marginal gain from Bella’s third hour spent working, from 9:00 AM to 10:00 AM, is problems. The following week, Bella’s computer science.
What's the computation for this and explanation for the solution? Thanks
what are the 5 internal economics of scale ?
1.Explain how a firm uses resources price and value data to determine the appropriate combination of capital and labor resources to use in order to maximize profits. 2.how does this change when the firm want to produce a specific quantity of product with the least cost combination of resources? 3. if a software firm estimates that the MP of labor is 3 apps per month and the price is labor is $1100 per month, while the MP of capital is 5apps per month and its price is $2000, should the firm hire more labor and decrease its capital use or increase its use of capital and use fewer labor resources?
Please show proper computation and explanation for me to understand it better. Thank youuuuu :)
Problem 1: Y = C + Io + Go C = Co + bYd T = T, + tY %3D Determine and comment the effect of changes in Go on Y*, C* and T*.
Assume you are pursuing a bachelor’s degree and you have 40 hours to divide between work and school in a week. You choose the amount of time you spend on each based on the classes you take and the hours you request at work. The degree will take you 3 years to complete if you dedicate 40 hours a week and do not take summers off. Obviously, if you devote no time to school, you never get your degree. You have been going to school full time for two quarters. In the third quarter, you do not receive as much loan money as you anticipate and need. You decide to work 20 hours a week to make up the difference and take fewer classes. What is your opportunity cost? Make sure to include how this change will factor into the length of time it will take you to finish your degree.
VoWiFi 4°l O0:88% 8:24 ВСОМАС_Ес.. Page 1 of 3 QUESTION ONE [30] 1.1 Explain the basic economic problem of scarcity. (10) 1.2 List and discuss the two (2) main factors of economic growth according to the production possibility frontier model. (12) 1.3 Analyse the consumer equilibrium condition according to utility theory. Include in your answer the provision of its formula. (8) QUESTION Two [25] 2.1 Question 2.1.1 to 2.1.2 is based on the diagram below relating to the demand and supply model: Price of wheat A Supply D. F. G. Demand K Quantity of wheat 2.1.1 Explain the point E. (3) 2.1.2 If a government imposed a minimum price at point A; discuss the type of price control this would be and its economic effect using the diagram to substantiate your answer. (10) 2.1.3 List and discuss three (3) factors affecting the upward sloping curve. (12) QUESTION THREE [25] 3.1 Recommend to a business manager how to establish in terms of elasticity of demand, whether the products that his business…
Hacmillan Leaming Christine and Paul are deciding how to split their time between writing music and lyrics for their new album. Their PPF's for 72 h of work are shown. Christine and Paul have to write music for 8 songs and lyrics for 12 songs (4 songs already have music). When they are done, they can go to a private island and relax from all their hard work. It is possible that they will use more than 72 h. Once they start writing lyrics and music, assuming their hired help packs for them and their plane is waiting outside their door, in how many hours can they board the plane to their relaxing island getaway? Christine will write music for Paul will write music for Christine will write lyrics for Paul will write lyrics for h songs. songs. songs. songs. Music written (in # of songs) 1 0 Paul's PPF 1 Christine's PPF 2 Lyrics written (in # of songs))
Sean is a hard-working college freshman. One Thursday, he decides to work nonstop until he has answered 88 practice problems for his physics course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem. Time Total Problems Answered 8:00 AM 0 9:00 AM 40 10:00 AM 64 11:00 AM 80 Noon 88 Use the table to answer the following questions. The marginal, or additional, gain from Sean’s second hour of work, from 9:00 AM to 10:00 AM, is problems. The marginal gain from Sean’s fourth hour of work, from 11:00 AM to noon, is problems. Later, the teaching assistant for Sean’s physics course gives him some advice. “Based on past experience,” the teaching assistant says, “working on 12 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same number of…
What is a production technology?
The graph says: Clothing (units per 16 week) 14 12 10 1 2 3 4 5 Food (units per week) You are willing to give up 6 units of clothing to get the first unit of food You are willing to give up 4 units of clothing to get the third unit of food You are willing to give up 1 unit of clothing to get the fourth unit of food You are willing to give up 2 unit of clothing to get the fifth unit of food You are willing to give up 6 units of clothing to get the third unit of food