Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

Question: With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 6 units of labor, 7 units of land, 2 units of capital, and 1 unit of entrepreneurial ability, selling at prices of $40, $60, $60, and $20, respectively. Assume the firm can sell these 400 loaves at $2 per unit. Enter your answers as whole numbers. If you are entering any negative numbers be sure to include a negative sign in front of those numbers.

What is the firm's total revenue?

What is its total cost?

Calculate the amount of economic profit or loss. $C

Will it continue to produce banana bread?

If this firm's situation is typical for the other makers of banana bread, will resources flow toward or away from this bakery good?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93121203
  • Price:- $15

Guranteed 24 Hours Delivery, In Price:- $15

Have any Question?


Related Questions in Microeconomics

Question the federal reserve bank controls the money supply

Question: The Federal Reserve Bank controls the money supply and interest rates in the United States. In your informed opinion, has it done a good or a bad job over the last decade? Why? What could it or should it have d ...

Question in 1982 the baltimore sun editorialized that

Question: In 1982, the Baltimore Sun editorialized that "Americans do not value education" because even lower-level players in the NFL earn more than do teachers. Economically speaking, do Americans value professional sp ...

Question discuss in scholarly detail differences between

Question: Discuss in scholarly detail differences between incremental and breakthrough innovation. What risks are associated with each approach? The response must be typed, single spaced, must be in times new roman font ...

Question to slowdown the economy and prevent overheating

Question: To slowdown the economy and prevent overheating (inflationary pressure buildup), fiscal and/or monetary policies can be employed. Using Aggregate Demand/Aggregate Supply (AD/AS) model discuss two fiscal policy ...

Question are australian households that wish to purchase

Question: Are Australian households that wish to purchase shares of stock in an American company suppliers or demanders of US dollars in the foreign exchange market? Are these same Australian households, suppliers or dem ...

Question the current price of a stock is 50 suppose the

Question: The current price of a stock is $50. Suppose the following distribution describes the possible prices that the stock will be in 1 year: the probability the stock price will be 45 is 0, the probability the stock ...

Question how does an economys choice about how many of its

Question: How does an economy's choice about how many of its resources to devote to capital goods production as compared to consumer goods production affect its curent standard of living and its future standard living? T ...

Question - based on the harvard business review article

Question - Based on the Harvard business review article titled - A Payment Model That Prevents Unnecessary Medical Treatment answer the following questions: You are 64 years old and have been diagnosed with advanced arth ...

Suppose that in a week the price of milk decreases from 350

Suppose that in a week the price of milk decreases from $3.50 to $3.00 per carton. At the same time, the quantity of milk demanded at a typical grocery store increases from 10,000 to 12,000 cartons per month. What is the ...

Question improved methods of inventory control were

Question: Improved methods of inventory control were supposed to reduce fluctuations in inventory stocks. It is clear that these methods have helped reduce the equilibrium inventory/sales ratios in both the manufacturing ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved