(Answered) Question brazil produces ethanol from sugar and the land

Economics

Question: Brazil produces ethanol from sugar, and the land used to grow sugar can be used to grow food crops. The table sets out Brazil's production possibilities for ethanol and food crops:

Ethanol Food crops
(barrels per day) (tonnes per day)

70 and 0

64 and 1

54 and 2

40 and 3

22 and 4

0 and 5

a. If Brazil increases ethanol production from 40 barrels per day to 54 barrels a day, what is the opportunity cost of the additional ethanol?

b. If Brazil increases food production from 2 tonnes per day to 3 tonnes per day, what is the opportunity cost of the additional food?

c. What is the relationship between your answers to parts (a) and (b)?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92420118
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question empirical studies suggest that managers view

Question: Empirical studies suggest that managers view translation exposure as the least important of the three exposures. What could be the reason for that? The response must be typed, single spaced, must be in times ne ...

Question what factors would you consider when determining

Question: What factors would you consider when determining whether an investment in sub-Saharan Africa would be profitable for your company? Would the same factors hold for South Africa? The response must be typed, singl ...

Question steven has been your best friend since grade

Question: Steven has been your best friend since grade school. You have decided to quit your jobs and start up a bakery together since you both love bread. He insists he wants to start the business as a partnership. You ...

Question two types of consumers workers and retirees share

Question: Two types of consumers (workers and retirees) share a community with a polluting cheese factory. The pollution is nonrival and nonexcludable. The total damage to workers is p^2 where p is the amount of pollutio ...

Question a soap producer has two types of customer a and b

Question: A soap producer has two types of customer, A and B. Each will buy at most 1 pound per week. Type A customers will pay at most $6 for it, and Type B will pay at most $4. Production cost is $2 per pound. Using a ...

Question suppose you work for a large retail chain in the

Question: Suppose you work for a large retail chain in the US that is considering expanding abroad. You are asked to determine whether the initial investment should be made in Mexico, Argentina, Brazil, or Chile. Explain ...

Question in your opinion how would you summarize interest

Question: In your opinion, how would you summarize interest rates and decision making in plain English to someone who is considering making a car or house purchase? How would you advise them to structure borrowing money ...

Question adult iq scores have a bell-shaped distribution

Question: Adult IQ scores have a bell-shaped distribution with mean of 100 and a standard deviation of 15. Use the Empirical Rule to find the percentage of adults with scores between 70 and 130 If 250 adults are randomly ...

Question think of the commonality and consistencies of

Question: Think of the commonality and consistencies of where consumers spend their money in a recession and during the holiday season. What determinations can you make about purchases? Is there a pattern here? The respo ...

Question the dollar declined sharply in 1973-4 and 1977-8

Question: The dollar declined sharply in 1973-4 and 1977-8, and those declines were accompanied by sharply higher inflation. However, when the dollar declined even more sharply in 1986-8, the rate of inflation did not ri ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert