Training from pizza-opportunity cost of making

Assignment Help Business Economics
Reference no: EM131084699

Joseph can initially produce 10 pizzas or 5 cakes. After some training from a pizza-making expert, his opportunity cost of making

(a) cakes will remain unchanged (b) 1 cake will become less than 2 pizzas (c) 1 cake will become equal to 1 pizza (d) 1 cake will become more than 2 pizzas

Reference no: EM131084699

Questions Cloud

Most common form of colorblindness : The most common form of colorblindness is inherited on the X chromosome. If a colorblind man and a woman who is a carrier for colorblindness have a child, what is the probability that the child is a colorblind male?
Why the marginal cost curve is upward sloping : Give two reasons why the marginal cost curve is upward sloping. You will want to use a graph(s) as part of your answer. Be sure to explain in words what your graph(s) are showing.
Describe key feature of particular multinational corporation : Describe the key features of a particular multinational corporation. Explain a particular multinational corporation's effect on the political arena in the countries in which it is located.
Draw a supply and demand diagram for the corn market : Draw a supply and demand diagram for the Corn market showing this equilibrium. Draw a diagram for a typical firm in its initial long run equilibrium, showing its Marginal Cost, Average Total Cost, and Long Run Average Cost curves. Are any profits bei..
Training from pizza-opportunity cost of making : Joseph can initially produce 10 pizzas or 5 cakes. After some training from a pizza-making expert, his opportunity cost of making. (a) cakes will remain unchanged (b) 1 cake will become less than 2 pizzas (c) 1 cake will become equal to 1 pizza (d) 1..
A company receives shipments from two factories : A company receives shipments from two factories. Depending on the size of the order, a shipment can be in 1 box for a small order,
Alternating chain of sugar and phosphate : What do you call the alternating chain of sugar and phosphate to which the DNA and RNA nitrogenous bases are attached?
Workers compensation premiums to skyrocket : Upon graduation, John Jones takes a position as risk manager to ABC Manufacturing which manufactures widgets that are utilized in farm equipment. Unfortunately, ABC Manufacturing has had a long history of significant injuries to its production employ..
The following probability model describes the experiment : An ice cream company orders supplies by fax. Depending on the size of the order, a fax can be either 1 page for a short order,

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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