This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Firm A can produce a unit of output with 10 hours of labor and 5 units of material. Firm B can ... (Read 109 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
on: Jun 29, 2018
Firm A can produce a unit of output with 10 hours of labor and 5 units of material. Firm B can produce a unit of output with 5 hours of labor and 10 units of material.
 
  Firm C can produce a unit of output with 10 hours of labor and 10 units of material. If the prices of labor and material are 10 per hour and 5 per unit, respectively, which of these firms is the most technologically efficient? A) firm A only
  B) firm B only
  C) firm C only
  D) Firms A and B could both be technologically efficient.

Question 2

The schedules in the table give the marginal social benefit and marginal social cost of a DVD. If the marginal cost of producing a DVD increases by 4, then the efficient number of DVDs is ________ a week.
 
  A) 1
  B) 2
  C) 5
  D) 4


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcinincha279

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

How genes produce proteins that determine traits in a simple dominant-recessive relationship. How genes produce proteins that determine traits in a simple dominant-recessive relationship.
The Procedure Used to Produce Conditioned Emotional Responses The Procedure Used to Produce Conditioned Emotional Responses
An example of a Material Safety Data Sheet (MSDS). An example of a Material Safety Data Sheet (MSDS).
A wrench after it has been forged but before the flashing (extra material around the wrench) has ... A wrench after it has been forged but before the flashing (extra material around the wrench) has ...
How to evaluate angles using cosine, special triangles, the unit circle (Part 2) How to evaluate angles using cosine, special triangles, the unit circle (Part 2)
Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded. Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded.
Video: Phases of mitosis

For a complete list of videos, visit our video library