Suppose Maria is currently using combination D, producing one crochet hat per day. Her opportunity cost of producing a second crochet hat per day is per day. Now, suppose Maria is currently using combination C, producing two crochet hats per day. Her opportunity cost of producing a third crochet hat per day is per day. From the previous analysis, you can determine that as Maria increases her production of crochet hats, her opportunity cost of producing one more crochet hat

Anation with fixed quantities of resources is able to produce any of the following combinations of carpet and carpet looms Production Possibility Frontier Yards of carpet (Millions) Carpet looms (Thousands) 43 75 60 20 45 35 30 45 15 50 50 24- These figures assume that a certain number of previously produced looms are available in the current period for producing carpet. 1.) Using the multipoint curve drawing tool, plot the six points that make up the PPF given in the table above (with carpet on the vertical axis). Properly label your curve. Carefully follow the instructions above and only draw the required object. 45 Carpet (millions) 15 30 60 75 (spuesnou) suoo| jade)

A pizza shop sells two types of pizzas: Chicago-style and New York-style. The owner makes $8.00 Profit on each Chicago- style pizza pie & $5.50 Profit on each New York-style pizza pie. The owner would love to sell an unlimited amount of pizza but unfortunately they are limited by two production constraints: Prep Time and Cook Time. Each Chicago-style pizza requires 4 minutes of Prep Time, each New York-style pizza requires 3 minutes of Prep time, and there is only 600 minutes of Prep Time available. Each Chicago-style pizza requires 5 minutes of Cook Time, each New York-style pizza requires 2.5 minutes of Cook Time, and there is only 550 minutes of Cook Time available. Based on the profit contributions & constraints given in the information above, what is the pizza shop's expected profit if it produces at the optimal amount? $800 $1120 $1560 $1100 O $1320

Suppose Nicholas owns a business making Christmas tree ornaments. Currently, he makes 300 ornaments a month. At this level of production, each additional ornament takes him 30 minutes to make and costs him $5 in materials. Nicholas makes his ornaments in a small studio that he rents for $300 a month. Nicholas can easily increase or decrease the amount of time he spends making ornaments, and he can easily go to the store to buy additional materials to make the ornaments, but he has a year-long lease on his studio, so he has to pay his monthly rent no matter how many ornaments he produces each month. Nicholas values his time at $10 per hour. Other than his time, the cost of the materials and the rent on his studio, Nicholas has no additional production costs. a At Nicholas's current level of production, what is the marginal cost of making an additional ornament each month? b. At Nicholas's current level of production, what is the monthly average fixed cost of each ornament? c. Assuming…

QUESTION 2 After receiving an impressive commendation following a project, Ash realised the key to her inspiration and success was eating goji berries before starting her work. Ash can buy any number of kilograms of berries for $20 per kilogram. Ash gains a total benefit of $50 from consuming 2 kilograms of berries, and a total benefit of $65 from consuming 3 kilograms of berries. Which of the following statement(s) are true: There is insufficient information to determine the marginal cost of the third kilogram of berries. The average benefit of consuming the third kilogram of berries is $15. Ash should buy the third kilogram of berries because the marginal cost is less than the marginal benefit. The marginal benefit of consuming the third kilogram of berries is $15.

A company that produces brass hardware for doors has the ability to produce up to 6,500 hinges per week but then is unable to produce doorknobs. Or it can produce up to 650 doorknobs per week but then is unable to produce any hinges. In the graph below, use the straight-line tool to draw the company's production possibilities frontier, where the quantities are per week (do not use the point tool to plot endpoints). Then use the point tool to plot a point to indicate the company's maximum output where it is producing exactly three times as many hinges as doorknobs. To refer to the graphing tutorial for this question type, please click here. Quartity ofinge 000 7500 000 4000 000 100 1000 Quartity of doorknot

Consider Babs and Donna, who can each produce cake, beer, or some combination of the two using only 40 hours of labor each. Babs can produce a maximum of 50 cakes if she produces no beer, and 100 units of beer if she produces no cake. Donna can produce a maximum of 100 cakes with no beer produced; if she makes no cake, she can produce 120 units of beer. Calculate donnas opportunity cost for a cake

In the aftermath of a hurricane, an entrepreneur took a one-month leave of absence (without pay) from her $5,000 per month job in order to operate a kiosk that sold fresh drinking water. During the month she operated this venture the entrepreneur paid the government $2,500 in kiosk rent and purchased water from a local wholesaler at a price of $1.38 per gallon. If consumers were willing to pay $2.12 to purchase each gallon of fresh drinking water, how many units did she have to sell in order to turn an economic profit? Instruction: Enter your responses rounded up to the nearest gallon.

A farmer can produce 10,000 pears (X) on his one-acre farmland, and when he uses the same land for apple cultivation, a total of 5,000 apples (Y) can be produced. He realizes that with the introduction of a new fertilizer, he can increase the maximum production of apples to 7,000. The maximum production of pears, however, remains unchanged. Hence, his new PPF equation is?