What is latonya opportunity cost of producing 1 cake

Assignment Help Microeconomics
Reference no: EM133411843

Question:

LaTonya can make 3 cakes or 20 pies in one day working at the bakery. Tom can make 8 cakes or 26 pies in one day working at the bakery. What is LaTonya's opportunity cost of producing 1 cake?

Reference no: EM133411843

Questions Cloud

What height represents the 95th percentile : What height represents the 95th percentile? (b) What height represents the first quartile? Click to view page 1 of the table. Click to view page 2 of the table
Examples of successful prosecution of money laundering : Discuss any two recent (ie, over the last 2 decades) examples of successful prosecution of money laundering, including details of the offence/s.
Find the probability that the claim will be rejected : Use the normal distribution to approximate the binomial distribution if possible The probability is (Round to four decimal places as needed.)
Construct the probability distribution representing : Construct the probability distribution representing the different outcomes that are possible for a ?$3.50 bet using method two and three. X P(X)
What is latonya opportunity cost of producing 1 cake : LaTonya can make 3 cakes or 20 pies in one day working at the bakery. Tom can make 8 cakes or 26 pies in one day working at the bakery.
Calculate the standard deviation of population : A small population of 10 cases has values of: 12, 5, 5, 6, 8, 9, 10, 2, 2, 7. Calculate the mean this population. Calculate the standard deviation
Consider the external threats affecting this corporation : Consider the external threats affecting this corporation and the opportunities available to the corporation: Assess how the corporation should deal with its
What is the minimum pregnancy length that can be in the top : What is the minimum pregnancy length that can be in the top 12?% of pregnancy? lengths and What is the maximum pregnancy length that can be in the bottom
Find an example of an organizational confrontation meeting : Find an example of an organizational confrontation meeting and how each stage was implemented. Summarize the event. Include the references.

Reviews

Write a Review

Microeconomics Questions & Answers

  The economy is experiencing a contraction recessionary gap

the economy is experiencing a contraction recessionary gap of 400 billion. what government spending stimulus would you

  Why is the short-run demand curve for labor downward sloping

Why does a profit-maximizing firm hire workers up to the point where the wage equals the value of marginal product? Show that this condition is identical.

  Choose a topic in managerial economics

Research or Interview Paper Instructions A research paper Steps for writing the research paper: Choose a topic in managerial economics.

  What do you think about the lawsuit filed by texas

Assignment: The Clean Power Plan- What do you think about the lawsuit filed by Texas against the EPA trying to thwart the Clean Power Plan?

  Why is the original so valuable

In 2006, Willem de Kooning’s abstract painting Woman III sold for $137.5 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, “If a painting can be forged well enough to..

  Calculate output, consumer surplus, and profit

If regulators want to ensure that LWE doesn't lose money, what is the lowest price they can impose? Calculate output, consumer surplus, and profit. Is there any deadweight loss?

  How each of the products contribute to the banks existence

Discussion of the products and services offered with your evaluation of how each of the products contribute to the banks existence, profitability and liquidity.

  How do you see porters five forces affecting your company

How do you see Porter's five forces affecting your company's financial strategy for being competitive in the marketplace? How do the same five forces affect your projections and ideas for future business opportunities?

  Suppose the equilibrium price in the market is 10 and the

suppose the equilibrium price in the market is 10 and the price elasticity of demand for the linear demand function at

  Explain who bears the financial risk-the provider

Explain the types of incentives to providers for efficiency in the delivery of healthcare services. Explain who bears the financial risk-the provider, the patient, or the CDHP.

  Determine the present value of the cash flows

The ABC Block Company anticipates receiving $4000 per year from its investments over the next 5 years. Determine the present value of the cash flows

  Major assumptions of the monocentric city model

Describe the implication of income differences for the basic monocentric city model? What are the key factors in the model that determine where lower and higher income households will live? Discuss this prediction in the U.S. context.

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