Determine the outputs of a and b of given question

Assignment Help Microeconomics
Reference no: EM13876597

14. Assume the following amount of raw materials and labor required for production of a unit of products A and B,

 

Product A    Product B

 

Pound of Raw materials Hours of labor

 

5                 7

3                 4

1. If the available amount of raw materials and labor are 13,400 pounds and 7,800 h, determine the outputs of A and B.

2. How do the outputs of A and B in Exercise 14 change if the amount of available raw materials and labor hours are increased to 13,800 and 8,000?

 

Reference no: EM13876597

Questions Cloud

Explain the concept of internal marketing : Outline and explain the concept of internal marketing and why it is important in service products. How would you introduce an effective internal marketing programme to an organisation?
Solve the equilibrium prices and quantities of given quesion : Write the system in matrix form and solve for the equilibrium prices and quantities.
Determines factory overhead rate based on practical capacity : The company uses a standard cost system and applies factory overhead based on direct labor hours and determines the factory overhead rate based on a practical capacity of 400 units of the product.
Find out about existing or pending legislation : In dissent, Justices Ginsberg and Thomas argued that the punishment is based on how reprehensible the conduct was-and the more people injured, the more reprehensible the conduct.
Determine the outputs of a and b of given question : If the available amount of raw materials and labor are 13,400 pounds and 7,800 h, determine the outputs of A and B.
Complete with respect to department s costs : Refer to the information in Problem.
Angular velocity and angular acceleration : The belt shown moves over two pulleys without slipping. At the instant shown the pulleys are rotating clockwise and the speed of point B on the belt is 12 ft/s, increasing at the rate of 96 ft/s. Determine, at this instant,
Create an incurable strain of malaria : Create an incurable strain of malaria, the World Health Organization demanded companies stop selling the drug in its monotherapy form. What ethical issues arise here?
Ethical theory to articulate a response to dilemma : There was a resurgence of mosquito-borne malaria, with some 300 to 500 million new cases a year. Drugs to treat malaria are expensive and increasingly ineffective against the disease. Use ethical theory to articulate a response to this dilemma.

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the maximum loan that the bank could extend

Suppose that the reserve requirement is 10 percent and the balance sheet of the People's National Bank looks like the accompanying example. • What are the required reserves of People's National Bank  Does the bank have any excess reserves

  Public utility are usually identify as monopolies

Public utility are usually identify as monopolies. With whom does Arizona public service, the electric utility in metro phoenix compete? Are they the only provider in their marketplace?

  Production in the long-runsuppose the production function

production in the long-runsuppose the production function of a typical producer is given as where l is labor and k is

  Calculate the economic life in stb

Calculate the Economic Life in STB/month for an oil lease with WI = 100%, NRI = 87.5%, lease operating expense = $5,000 per month, price of oil = $15/STB, price of associated gas = $2.25/Mscf, GOR = 500 scf/STB, oil and gas severance taxes = 7.085%. ..

  What was a smart acquisition

Many companies purchase other companies or individual product or brands from other companies to acquire new products. For example, Disney recently agreed to purchase Marvel Entertainment and its portfolio of more than 5,000 characters, such as S..

  Construct a trigger strategy

What is the Cournot Solution in a market of 2 firms with zero costs when P=200-10Q. Construct a “trigger” strategy that can support the collusive outcome;

  What are authors views of nafta fostered a growing trade

What are the author's views of NAFTA fostered a growing trade deficit, Trade with Mexico raised US unemployment and Job loss depressed US wages, particularly in manufacturing.

  Competing in prices (bertrand) in an industry

Suppose two rms are competing in prices (Bertrand) in an industry where demand is p=200-4Q. (a) If both rms have MC=120, what is the equilibrium quantity for each rm? Prots?

  Why might the business owner keep the business open but let

a pure monopolist determines that at the current level of output the marginal cost of production is 2 average variable

  Explain exactly how change in federal funds rate can

according to the federal reserves federal open market committee 2011 the federal reserve controls the three tools of

  Why is energy efficiency same thing as economic efficiency

Engineers at a national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of gasoline. They estimated that in mass production the car would cost $40,000 per unit to build.

  Role of government in the economy

Discuss whether you favor a larger or smaller role of government in the economy. Refer to concepts found in the reading to support your opinion.

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