Calculate the most efficient level of production per week

Assignment Help Microeconomics
Reference no: EM132472893

The table below gives the relationship between the number of labor hours and the corresponding productivity per week in terms of the number of boxes of cookies that can be produced by Mother's® Cookies Bakery production facility, based in Oakland, California.

Labor Hours 0 100 200 300 400 500 600 700

Productivity per Labor Hour 0 30 35 40 45 40 35 30

Is the production process described above short-run or long-run? Justify your answer. Use the data given to describe how the changes in the "productivity per labor hour" influence the cost structure of Mother's® Cookies Bakery. Make any assumptions necessary to calculate the most efficient level of production per week.

Reference no: EM132472893

Questions Cloud

Week available for either labour or leisure : Josh earns 20 dollars an hour. He has nonlabour income of $80 per week. He has 60 hours a week available for either labour or leisure.
Sells consumer electronic products : Galaxy Inc., an American multinational that sells consumer electronic products, has manufacturing facilities in three countries: Mexico, Taiwan
Discuss the assumptions of freuds psychoanalytical theory : Explain whether you believe it is appropriate to apply psychoanalytic theory to women and individuals from racial and ethnic minority groups.
Summarize what was learned from the lesson and readings : Regarding my last discussion post assignment please respond to this: Thanks for your discussion and thoughts for addressing the situation that occurred.
Calculate the most efficient level of production per week : Make any assumptions necessary to calculate the most efficient level of production per week.
Discuss about assessing threats to the freedom of the press : Discuss about Assessing Threats to the Freedom of the Press. How serious are the current threats to the freedom of the press? Support your views with reason
Deadweight loss attributed to the quota : Suppose the city government establishes a medallion system that limits the number of taxi rides available per week to 80 taxi rides.
Discuss about the awareness of stereotypes : In this unit, you will be using the template to explore your growing awareness of stereotypes and their impact on cultural diversity. Download the Stereotypes.
Construct a typical weekly income leisure constraint : Suppose that the wage rate is $20 per hour for a typical labor. a. Construct a typical weekly income leisure constraint for this person.

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