Same number of hours making toy cars

Assignment Help Macroeconomics
Reference no: EM131049140

Mandy is a master wood-carver and Jerry is her apprentice. They will each work the same number of hours making toy cars. Each car requires 4 wheels and 1 body. Mandy makes wheels at the rate of 25 per hour and bodies at the rate of 10 per hour. Jerry makes wheels at the rate of 10 per hour and bodies at the rate of 10 per hour. If they wish to maximize output, how many wheels should Jerry make per
hour.

Reference no: EM131049140

Questions Cloud

Professional certification paper : Research the certifications for our profession. These may include the CPA, the CIA, the CGFM or other recognized certifications. You may compare two or more certifications. Prepare a report explaining the educational requirements (research the req..
Court enforce the judgment of the ecuadoran court : Café Rojo, Ltd., an Ecuadoran firm, agrees to sell coffee beans to Dark Roast Coffee Company, a U.S. firm. Dark Roast ac cepts the beans but refuses to pay. Café Rojo sues Dark Roast in an Ecuadoran court and is awarded dam ages, but Dark Roast's ..
Write a program to construct a dictionary of all words : Assume that the dictionary itself can be stored by using, for each word, length(word) + 1 bytes.
Estimated from straight-line depreciation : The maintenance costs for the gas furnace are covered under guarantee for the first five years. Themarket value of the gas furnace can be estimated from straight-line depreciation with a salvagevalue of $500 after 10 years. Using a MARR of 10 perc..
Same number of hours making toy cars : Mandy is a master wood-carver and Jerry is her apprentice. They will each work the same number of hours making toy cars. Each car requires 4 wheels and 1 body. Mandy makes wheels at the rate of 25 per hour and bodies at the rate of 10 per hour.
Preparation of a schedule of cost of goods manufactured : ACC200 Introduction to Management Accounting Group Assignment - Task Specification. Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold. (The schedules may be in the appendix). Explain why some items have been excluded fr..
Bond is sold for its face value-bonds yield to maturity : A bond is sold for its face value of $1,000 with a 25-year maturity, a 9% coupon, and interest paid semiannually. The bond is callable 5 years from issuance at an 11% premium over face value. What is the bond's yield to call today if investors expect..
Human rights violations crimes against humanity : FACTS The Khulumani plaintiffs, along with other plaintiff groups, filed class-action claims on behalf of victims of apartheid-related atrocities, human rights violations, crimes against humanity, and unfair and discriminatory forced-labor practic..
Consumer responsiveness to price changes : Then tell the reader how these Determinants (or factors) affect the consumer responsiveness to price changes. Remember we discussed these significantly in our Discussion Board regarding the price of gasoline?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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