Production possibility frontier for the production

Assignment Help Business Management
Reference no: EM131601186

a) Draw a Production Possibility Frontier for the production of hamburgers and milkshakes at a hamburger restaurant (which faces increasing marginal opportunity costs).

b) Indicate a point 'X' on your diagram that is attainable, but is inefficient.

c) Describe a scenario in which the restaurant might be producing at point 'X', and justify your answer.

d) Explain the real-world reasoning behind why the production possibility frontier would be likely to have the shape that you have drawn.

Reference no: EM131601186

Questions Cloud

How would you define cultural competency : Why is cultural competency important for substance abuse counselors? How would you acquire this skill?
Discuss about the symmetric algorithms : Considering that, due to its extremely sensitive nature, shared data that organizations transmit through collaboration must be kept confidential at all costs.
Identify each organizations purpose duties and methods : Identify each organization's purpose, duties, and methods of monitoring quality. Describe their impact on quality of care in health care organizations.
Prepare the journal entry : Tim Latimer Corporation had the following transactions. Sold land (cost $13,056) for $10,880. For each transaction above, prepare the journal entry
Production possibility frontier for the production : Draw a Production Possibility Frontier for the production of hamburgers and milkshakes at a hamburger restaurant (which faces increasing marginal opportunity.
Explain several of pressures that influence their strategies : Describe several of the pressures that influenced their strategies. Distinguish between social responsibility, integrity and simple business ethics.
Explain how you would work with that population : Explain how you would work with that population with cultural competency. Specifically address substance abuse.
Define the origins of the juveniles delinquent behavior : Highlight at least three factors that you believe are important for one to understand the origins of the juvenile's delinquent behavior
Compute the cost of each model assembled in november : S. Lee Enterprises produces two models of lawn tractor: SL1 and SL2. Compute the cost of each model assembled in November

Reviews

Write a Review

Business Management Questions & Answers

  Traits of effective managersfind the traits that effective

traits of effective managersfind the traits that effective managers possess. what is the significance of the

  Policy of internal innovation and a second

Research and report on two companies. Pick one which has always adhered to a policy of internal innovation and a second which has acquired technology several times through external means as detailed in our prior units. Compare and contrast the two..

  Define vertical alignment with business strategy

Compare and contrast the approaches to employee wellness at Pitney-Bowes and Johnson and Johnson. In making these comparisons, consider each of the following at both Pitney-Bowes and Johnson and Johnson:· Strategic perspective o Factors driving th..

  Explain why getting a degree online gives you much more

Explain why "Getting a degree online gives you much more flexibility in terms of when you take classes" is unreasonable.

  Explain when a hurricane or else flood or a pandemic strikes

When a hurricane or else flood or a pandemic strikes a country, who is most probable to respond first? Which economic system is the finest solution for handling a crisis of epic proportion?

  Capital structure-mercury athletic case

The last page of the Mercury Athletic case mentions at least two possible sources of value creation not captured in Liedtke's base case scenario: a significant reduction in Mercury's days sales in inventory (DSI) and a possible combination of Merc..

  Provide the cost explanation for the benefit

1) Identify the benefits package you propose the Organization offer its employees. 2) Explain what the benefit is and how it works in your Organization. 3) Provide the cost explanation for the benefit .i.e. What the benefit cost as opposed to the r..

  Important every time a new application

The make-versus-buy decision is important every time a new application is requested of the IS group. What, in your opinion, are the key reasons an IS organization should make its own systems? What are the key reasons it should buy an application?

  Question about small business

Question about small business - Include a discussion regarding what information each report contains and how they might use that information to manage his business.

  Which of the given best describes you at your place of work

Which of the following best describes you at your place of work: director, navigator, caretaker, coach, interpreter or nurturer?

  Detailing the basic elements of earned value management

For this assignment, write an essay detailing the basic elements of earned value management. Additionally, discuss how the calculated results from EVM are part of an audit.

  Effectiveness of taxes on gasoline

How does the price elasticity of demand for gasoline impact the effectiveness of taxes on gasoline aimed at correcting a negative externality.

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