Reference no: EM131778043
Question: Suppose that an economy produces only two goods, X and Y. The economy's resource includes:100 machines and 50 workers. Each machine can produce 2 units of X or 4 units of Y per period. Each worker can produce 6 units of X or 6 units of Y per period.
a. Draw the production possibilities frontier (PPF) of this economy.
b. If the economy needs exactly 400 units of X, what is the maximum number of Y-units that can be produced? How many machines and workers will produce X and how many will produce Y? Show your calculations.
c. Is it possible to produce 300 units of X and 100 units of Y? Why? Is it a good choice? Explain.
d. Suppose the economy produces 400 units of X. Calculate the opportunity cost of producing one more unit of X.
e. A discovery of new technology reduces the producing time of a single unit of X. What will happen to the PPF? Draw the new PPF at the same diagram.
f. Suppose that each unit of X (or Y) needs also 1 unit of storage space. Draw the production possibilities frontier if the economy has 600 units of storage space.
g. Suppose that you can buy (but not sell) units of storage space by giving up machines. Can you benefit from trade? Explain your answer.
|
Compute the product margin for product
: Assembly $710,770 37,000 machine-hours, According to the activity-based costing system, the product margin for product H73N is
|
|
Consider your operational plan from value chain perspective
: Consider your operational plan from a value chain perspective and identify and discuss the primary and support activities.
|
|
How much cost would be allocated in the first-stage
: How much cost, in total, would be allocated in the first-stage allocation to the Setting Up activity cost pool
|
|
Overall evaluation of the elements
: Reflective writing of approximately 300-350 words. Which shows overall evaluation of the elements of good composition writing at the college level.
|
|
Draw the production possibilities frontier of the economy
: Suppose that an economy produces only two goods, X and Y. The economy's resource includes:100 machines and 50 workers. Each machine can produce 2 units of X.
|
|
Require a more decentralized organizational structure
: Which of the following factors would require a more decentralized organizational structure?
|
|
What amount should lane report
: Lane included the entire $90,000 in its 2010 income tax return. What amount should Lane report in its 2010 income statement for subscriptions revenue
|
|
Describe and identify the role marketing plays in business
: Describe Product, Price, Place and Promotion with specific examples of each and how they relate to other elements of the marketing mix.
|
|
True of referent power
: Unlike Japan, businesses in the United States are. Which of the following is true of referent power?
|