AS
Aamir Saeed
Answers (2)
AS
Answered
Refer to Table 18-7. Suppose the firm sells each box of envelopes that it produces for $5. What is the marginal profit of the fourth worker?
A) $18
B) $22
C) -$18
D) $415
A) $18
B) $22
C) -$18
D) $415
On Jul 03, 2024
B
AS
Answered
Charlotte can produce pork and beans and can switch between producing them at a constant rate. If it takes her 10 hours to produce a pound of pork and 5 hours to produce a pound of beans, what is her opportunity cost of pork and what is her opportunity cost of beans?
On Jun 30, 2024
The opportunity cost of pork is 10 pounds of beans/5 = 2 pounds of beans.
The opportunity cost of beans is 5 pounds of pork/10 pounds of pork = 1/2 pound of pork.
The opportunity cost of beans is 5 pounds of pork/10 pounds of pork = 1/2 pound of pork.