Opportunity cost of producing a unit of good

Assignment Help Business Economics

Reference no: EM13739552

If betty produces nothing but good y, her output of good y is 20 units. She works 5 hours a day. Her opportunity cost of producing a unit of good x is 2.

if betty specializes in the production of good x, what is her daily output of good x?

Reference no: EM13739552

Questions Cloud

Application: health insurance options : When you think of the benefits that employees most desire, health insurance is likely to be one of the first things that comes to mind. Employer-sponsored health insurance is a benefit that nearly all employees appreciate.

Manufactures miniature fittings and valves : Val-lok Industries manufactures miniature fittings and valves. The company bought a new machine with $8,000 to improve process efficiency. After 3 year useful life, it will be sold out for $2,500. Prepare a table showing the depreciation expense and ..

What annual rate of return did she make : If the value of jan's retirement portfolio increased from $210000 to 489000 over a 14 year period with no deposits made to the account over that period, what annual rate of return did she make?

Characteristics of successful mentoring programs : Explain the characteristics of successful mentoring programs.

Opportunity cost of producing a unit of good : If betty produces nothing but good y, her output of good y is 20 units. She works 5 hours a day. Her opportunity cost of producing a unit of good x is 2. if betty specializes in the production of good x, what is her daily output of good x?

Duty of providing oversight : You are the head of a project management office, and you have been charged with the duty of providing oversight to the quality of the projects for your organization.

Identify which iso standards apply to riordan manufacturing : Identify three TQM tools that may be used for ongoing process improvement. Be sure to describe who will use the tool, when it will be used, and what interval and how it will lead to process improvement.

Graph chloes indifference curves for scarves and hats : Chloe loves fashion and her scarf and hat must always match. Therefore she views scarves and hats as one to one complements U = min {S,H}. Graph Chloe's indifference curves for scarves and hats.

Did government and american society treat each group equally : Did the government and American society treat each group equally, or differently? Explain with examples. How did the Industrial Revolution, urbanization, and foreign expansion affect the nation from 1865 to 1920?

User Account

All Pages