What is the total cost of producing q units of honey

Assignment Help Microeconomics
Reference no: EM133411040

Question: Suppose honey is produced in a beehive using bees and sugar. Each honey producer uses one beehive which she rents for $108/month. Producing q gallons of honey in one month requires spending 5q dollars bees, and 3q2 dollars on sugar.
a) What is the total cost of producing q units of honey for an individual honey producer in a given month?

Reference no: EM133411040

Questions Cloud

How does the imagery in the pit and the pendulum : How does the imagery in Edgar Allan Poe's "The Pit and the Pendulum" interact with other literary elements such as tone, theme or plot?
What kind of data analysis will be performed : What kind of data analysis will be performed? on (TANF) Temporary Assistance for Needy Families: Are you using qualitative or quantitative data? Include your
Components the marketing mix of any successful business : Four major components make up the marketing mix of any successful business: the product itself, the product price, the means of product distribution.
List qualifications for the position you selected : List three (3) qualifications for the position you selected. Discuss how your qualifications match the job qualifications listed for the position you chose
What is the total cost of producing q units of honey : What is the total cost of producing q units of honey for an individual honey producer in a given month? which she rents for $108/month. Producing q gallons
Does our public defender system work : Does our public defender system work? What is wrong with it? What is right? Explain your answer Should plea bargaining be abolished? Why or why not
Does the worldview have sacred texts : Does the worldview have sacred texts and/or deities? If so, what are they, and what did you learn about these sacred texts or deities in your research
Research a criminal case : Developmental psychology professor and researcher Lindsay Malloy breaks down the science underlying false confessions and calls for change
What are some similarities between predictive policing : When you are on the internet, how much privacy do you think you have? How much should you have? Shouldn't the government monitor internet use for people doing

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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