3.Consider the following linear programming formulation:

Economists typically depict the ppf as a bowed out curve rather than as a straight line in order to show that_________.

denis23 [38]

Answer:

Economists typically depict the PPF as a bowed-out curve rather than as a straight line in order to show that the opportunity cost of producing one good rises as more goods are produced. Those points lying beyond the production possibility frontier (PPF) represent results which cannot be attained with the current level of technology and resources.

6 0

3 years ago

George works at the Springfield Nuclear Plant as a nuclear technician. The plant is located 15 miles from the town of Springfiel

torisob [31]

Answer:

$0

Explanation:

Given that

Estimated value of the meals = $1,300

Preparing cost of lunch = $560

Cost of the meals to the power company = $470

The income that is recognized from the meals should be zero as he took the lunch from the office premises only which is to be excluded while computing the gross income

Plus, he also likes to eat his lunch at the plant cafeteria due to nuclear emergencies

4 0

3 years ago

A home based business is part of what industry

GREYUIT [131]

Answer:

Explanation:

Cottage industry

6 0

3 years ago

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period. Units U

HACTEHA [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period.

Units= 100

Unitary Cost Beginning Inventory $ 46

Purchases:

#1= 650units at $42

#2= 550units at $38

#3= 200units at $36

The ending inventory is 350 units.

A) First in, first out

First, we need to calculate the number of units sold:

Units sold= beginning inventory + purchases - ending inventory

Units sold= 100 + 1400 - 350= 1150

Ending inventory= 200 units at 36 + 150 at 38= 200*36+150*38=$12900

Cost of goods sold= 100*46 + 650* 42 + 400* 38=$47100

B) Average cost= total cost of units available for sale/ number of unit

Average cost= (100*46+650*42+550*38+200*36)/1500

Average cost= $40 unit

Ending inventory= 350*40= $14,000

COGS= 1150*40= $46,000

C) Last in, first out

Ending inventory= 100 units* 46 + 250 units*42= $15,100

COGS= 200* 36 + 550*38+ 400*42= $44,900

8 0

3 years ago

Suppose your newspaper is trying to decide between two competing desktop publishing software packages, Macro Publish and Turbo P

Vlad1618 [11]

Answer: 11.722

Explanation:

Two competing desktop publishing packages ; Macro publish and Turbo publish

If x and y copies of Macro publish and Turbo publish are purchased respectively ;

Daily Productitvity equals ;

U(x, y) = 6(x^0.9) (y^0.4) + x

where U(x, y) is measured in pages per day U is called a utility function

If x = y = 10

U(x, y) = 6(x^0.9) (y^0.4) + x

Therefore,

U(10,10) = 6(10^0.9) (10^0.4) + 10

U(10,10) = 119.716 + 10 = 129.716

The effect of increasing x by one unit results in

x = 11, y = 10

U(x, y) = 6(x^0.9) (y^0.4) + x

Therefore,

U(11,10) = 6(11^0.9) (10^0.4) + x

U(11,10) = 130.438 + 11 = 141.438

Productivity increase of approximately U(11,10) - U(10,10) = (141.438 - 129.716)

= 11.722 pages

3 0

3 years ago