Will resources flow toward or away from the bakery good

Assignment Help Macroeconomics
Reference no: EM13189494

With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 5 units of labor, 7 units of land, 2 units of capital, and 1 unit of entrepreneurial ability, selling at prices of $40, $60, $60, and $20, respectively. If the firm can sell these 400 loaves at $2 per unit, what is its total revenue? Its total cost? Its profit or loss? Will it continue to produce banana bread? If this firm's situation is typical for the other makers of banana bread, will resources flow toward or away from this bakery good?

Reference no: EM13189494

Why marginal cost pricing forever as punishment strategy

Suppose that there are three firms, who produce homogeneous products, and whom have the same marginal cost which is constant over output. These firms play an infinitely repe

Improve human capital

A policy is not a goal such as "improve human capital" or "reducecorruption," but sufficiently specific that someone could disagree with it.)  Pointout at least one weakne

Identify the virtual private network

For this assignment, identify the virtual private network (VPN) solution most appropriate for your project organization. Create a proposal for implementation of this control

What impact had on the revenues of the networks

Several years ago the National Association of Broadcasters imposed restrictions on the amount of nonprogram material (commercials) that could be aired during children's tele

Production possibilities curve for a hypothetical country

Construct a production possibilities curve for a hypothetical country. Put public capital goods per year on the bertical axis and consumer goods per year on the horizontal a

How does electronic commerce influence exporting

How does electronic commerce influence importing? How does electronic commerce influence exporting? Describe and explain how the use of social media is impacting domestic an

What is the number of hours

Showthat, no matter what Terry's wage rate, the optimal number ofhours of leisure that he consumes is always the same. What is the number of hours he would like to have for

What are some factors that might influence the economic

The standard of living for the poorest third of the world is falling behind the standard for the rest of the world and is not improving very quickly. What are some factors tha

Reviews

Write a Review

 
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