Explain the production possibility curve

Assignment Help Econometrics
Reference no: EM131161454

Use this image showing the production possibilities curve for shifts at Burger World and college classes to answer the following question. Marcy needs about 6 hours per week for each college class. If she works two shifts each week, how many hours will she spend on her classes if working efficiently?

Reference no: EM131161454

Questions Cloud

Should matt grant pursue this opportunity : Should Matt Grant pursue this opportunity? Why or why not? What are some of the critical challenges that he may encounter if he does push forward with his plan
What role does poverty play in the health of an individual : What role does poverty play in the health of an individual as well as a group of people? What other indicators do you think are important for assessing a country's health? How would you measure it?
Opportunity and threats of paperboat : Problem: What are strengths weakness opportunity and threats of Paperboat?
Cost-reduction strategies in the health care sector : The CEO has asked you to identify and provide a rationale for each of three cost-reduction strategies in the health care sector which can be implemented within the overall health care sector which would serve to help reverse this trend. He has reques..
Explain the production possibility curve : Marcy needs about 6 hours per week for each college class. If she works two shifts each week, how many hours will she spend on her classes if working efficiently?
How was it possible for americans to reconcile our rhetoric : How was it (is it?) possible for Americans to reconcile our rhetoric of "independence" and "liberty" with the bald facts of our history?
Read the coca cola marketing strategy document : Please Read the Coca Cola Marketing Strategy Document that we discuss in class and base on the strategies market on that Document answer the following: Read the attached article from the March 1, 2014 issue of the New York Times newspaper title..
Affect the demand for health care services : The health care consulting group where you are employed has secured a contract with a health insurance company. One of the key challenges confronting the health insurance company is a lack of understanding of their subscriber base. Part of the scope ..
What other product needs to be revised : In your opinion, what other product needs to be revised, repositioned, or repacked? Briefly explain how the product should be updated

Reviews

Write a Review

Econometrics Questions & Answers

  What would be your recommendations for setting up a model

Sonic Boom Corporation sells drum sets. At a price of $600 per set, they sold about 500 sets per month. The new general manager for this product, Eli Sticity, decided that the company needed more revenues and increased the price to $700 per set.

  Explain the shape of the demand for loanable funds

Explain under what conditions the incurring of a government deficit and subsequent borrowing by issuing bonds leads to a crowding out of private investment.

  Discuss the financial statement assertions associated

Valuation relates to product liability because a judgment (estimate) must be made regarding the expected cost of defective products.

  Write an analytical essay that examines trifles

Format: Your essay should be typed according to MLA format. You will need to refer to the text of the play you are analyzing. Be sure to use appropriate MLA format for both in-text citations and list of works cited. No title page is necessary.

  Compute accounting cost and accounting profit

She estimates that the total cost of operating the office is approximately $48,000 per year. The potential revenue is estimated as $100,000 per year. Compute accounting cost, accounting profit, conomic cost, and economic profit.

  What is the approximate after-tax irr on a two-year project

What is the approximate after-tax IRR on a two-year project for which the first cost is $12,000, savings are $5000 in the first year and $10,000 in the second year, and taxes are at 40%

  A large induced-draft fan is needed for an upgraded

a large induced-draft fan is needed for an upgraded industrial process. the motor to drive this fan is rated at 100

  How will an individual allocate income to maximize utility

U(*) 5lnQ1 + 4lnQ2 +10 ln(1+Q3)The prices of the three goods are P1= 10, P2= 20, P3= 20000, and individuals total income is$60000. Automobiles must be bought in discrete units, that isQ3 must be equal to 0,1,2.

  How much will debora still owe after making the 24th payment

Deborah Milstead is considering buying a home for $200,000 a) if she makes a down payment of $50,000 and takes out a mortgage on the rest of the money at 7.8% compounded monthly, what will be her monthly payment to retire the mortgage in 15 years

  Derive the marginal effect of s on the probability

If the body mass index is 30 or greater, the individual is defined to be obese. He defines a binary variable, OBESE, which is equal to 1 for the 164 obese individuals and 0 for the other 176. He wishes to investigate whether obesity is related to ..

  What is the effective rate of protection on the process

What is the effective rate of protection on the process of turning corn into ethanol?

  Determine annual compound

On Juan's twenty-sixth birthday, he deposited $6,000 in a retirement account. Each year thereafter, he deposited $1,000 more than the previous year. Using a gradient series factor,determine how much was in the account immediately after his thirty-f..

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