Calculate brazil marginal cost of producing a tonne of food

Assignment Help Microeconomics
Reference no: EM131611471

Question: Define marginal cost and calculate Brazil's marginal cost of producing a tonne of food when the quantity produced is 2.5 tonnes per day.

     Ethanol                                   Food crops
(barrels per day)                        (tonnes per day)

       70                   and                      0

       64                   and                      1

       54                   and                      2

       40                   and                      3

       22                   and                      4

        0                    and                      5

Reference no: EM131611471

Questions Cloud

How might the banking systems of the exporter : How might the banking systems of the exporter and importer accommodate your situation?
What is the concept of financial reporting : What is the concept of financial reporting? Why is it important to external users that the financial reporting be consistent and transparent
Exporter of expensive electronic equipment : As an Exporter of expensive electronic equipment, you have a substantial investment in the merchandise that you ship.
What factors would have influenced your decision : Based on everything that you have learned this semester, when the break with England came in 1776 would you have been a revolutionary or a loyalist?
Calculate brazil marginal cost of producing a tonne of food : Define marginal cost and calculate Brazil's marginal cost of producing a tonne of food when the quantity produced is 2.5 tonnes per day.
Calculate book value per share after the transactions : In January 2016, Hammond Corporation was organized and authorized to issue 2,000,000 shares, Calculate book value per share after the transactions
Write a report on case - rapid prototyping : What could have been done to make sure that the project scope was correct - WHO IS GOING TO PAY FOR THE CHANGES?
Determine final stock price valuation : Calculate investments and debt per share and apply those to determine a final stock price valuation.
Define the term dominant culture : Define the term "dominant culture", and in your own words give an example of an aspect of dominant culture in current American society.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd