Nebraska and virginia each have 100 acres

Assignment Help Business Economics
Reference no: EM13149998

Assume Nebraska and Virginia each have 100 acres of farmland. The following table gives hypothetical figures for yield per acre in the two states:
Nebraska Virginia
Wheat 9 5
Cotton 7 2


e) Suppose the two states decide that they want to produce 590 units of wheat together (not 590 units of wheat each). What is the maximum amount of cotton that they could produce? 

f) Draw the graph of the PPF for each state, and then draw the graph for the PPF of the two states combined. On each graph, put the quantity of wheat on the vertical axis, and the quantity of cotton on the horizontal axis. Be sure to label your graphs carefully. 

Reference no: EM13149998

Questions Cloud

How many grams of nh3 can be produced : At a temperature of 415 C and a pressure of 725 mmhg , how many grams of NH3 can be produced when 4.10 L of NO2 react?
Expected percent of default for all loans : A small loan company finds 12% of its loans are defaulted for an average of 20% of the loan value. What is the expected percent of default for all their loans?
Percent is closest to probability three customers arrive : Drive-up window is six per hour at noon on a typical monday. What percent is closest to the probability that exactly three customers arrive on a given noon hour on a typical monday?
Which statements about the human brain is true : Which of the following statements about the human brain is true.
Nebraska and virginia each have 100 acres : Suppose the two states decide that they want to produce 590 units of wheat together (not 590 units of wheat each). What is the maximum amount of cotton that they could produce?
Expected extra cost due to returns per unit : A mail order company finds 18% of the purchases of a particular item are returned. The company estimates each return costs $0.70 in transportation and extra handling. What is the expected extra cost due to returns per unit of this item?
When making any type of business decision, : When making any type of business decision, one of the most difficult things to do is distinguish between relevant business .information to that decision and unimportant information. What distinguishes relevant business information from unimportant in..
Product-level cost in activity-based cost management system : Which of the following items would be classified as a product-level cost in an activity-based cost management (ABM) system?
How much heat is required to warm 229 g of ice : How much heat is required to warm 229 g of ice from -47.1°C to 0.0°C, melt the ice, warm the water from 0.0°C to 100.0°C, boil the water, and heat the steam to 173.0°C?

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate the relationship between the price level

The economy has two sides. One side is the aggregate demand side. Elucidate the relationship between the price level and the quantity demanded of Real GDP.

  Illustrate what cost is the nation paying for government

Tax Freedom Day answers the basic question, Illustrate what cost is the nation paying for government.

  Beachood also drinks rather than expenditure an equal amount

en spends her afternoon at the beachood also drinks rather than expenditure an equal amount of funds to go to a picture.

  Lifetime budget constraint for both types of consumers

Write down the budget constraints when young also when old also the lifetime budget constraint for both types of consumers.

  Explain how is the activity reflected on the balance

Explain how is the activity reflected on the balance on current (BCA) account different from the activity reflected on the capital and financial accounts (BFA).

  Elucidate why a system of marketable pollution permits

Elucidate why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.

  What is market interest rate

A lump sum of $5.2 million in the first year. Assume the market interest rate will be 6% for all these years.

  Evaluate keynesian economists besides john maynard keynes

Evaluate the Keynesian economists, besides John Maynard Keynes. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.

  Illustrate what happen if her actual disposable income

Illustrate what happen if her actual disposable income is $16,000, her level of consumption or saving will be.

  Building a new training center on this land

The airline is considering building a new training center on this land.

  Presenting the required level of outpu.

Explain the solution to the firm's cost-minimization difficulty ever occur off the iso-quant representing the required level of output.

  Illustrate what way does investment multiplier

Illustrate what way does investment multiplier defend the policy of public workson the part of the state during business depression.

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