40 points pasible tgraded results hidden) Just Juice pays their workers 99.0tk per day. The cost of the other variable inputs is 0.50tk per cup of Vogurt. Their fixed cost is 120.0tk per day. Quantity of Labour Output Quantity of frozen Yogurts (cups) 110 200 270 300 320 330 a) What is the variable cost when Just Juice produces 300 units of Frozen Yogurts? (b) What is the marginal cost for the 200 units of Frozen Yogurts yo indeimal sleces Submit Vou have used o of 1 attempt Save Numerical Input 40 points possible igraded resuts hidden) Consider the following demand and supply functions for sofas in Equador: Q = 2162 - 2P and Q= 1130 - 2P. Initially, the country is in an autarky eouilihrium with the e nrice D ner O When the price ot sntar

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: Production And Costs
Section21.4: Costs Of Production: Total, Average, Marginal
Problem 1ST
icon
Related questions
Question
100%

Just answered a and b 

Numerical Input
40 paints possible (graded results hididen)
Just Juice pays their workers 99.0tk per day. The cost of the other variable inputs is 0.50tk per cup of Yogurt. Their fixed cost is 120.0tk per day.
Quantity of Labour
Output Quantity of frozen Yogurts (cups)
110
200
3
270
300
320
330
(a) What is the variable cost when Just Juice produces 300 units of Frozen Yogurts?
(b) What is the marginal cost for the 200 units of Frozen Yogurts
Give your answer in 2-decimal places
Submit
You have used 0 of 1 attempt
Save
Numerical Input
4.0 points possble igraded results hiddon)
Consider the tollowing demand and supply functions for sofas in Equador: Q = 2162 - 2P and Q = 1130 + 2P. Initially, the country is in an autarky
equilibrium, with the equilibrium price, P", per computer, and the equilibrium quantity, Q". When they open up their economy, the world price of sofas,
p", is €154.79999999999998.
Calculate the number of sofas that Peru would import at the global price level, P".
Give your answer in 2 decimal places when applicable.
Suppose Equador imposes tariff on import of sofas. The new price of sofas faced by Equador, after the imposition of this tariff, is pt-
€219.29999999999998.
Calculate the number of sofas Equador would import after the imposition of tariff.
Give your answer in 2 decimal places when applicable.
What is the amount of taritt per unit imposed by the Equadorian government??
Give your answer in 2 ceamal places when applicable,
Submit
You have used o of 1 attempt
Save
Transcribed Image Text:Numerical Input 40 paints possible (graded results hididen) Just Juice pays their workers 99.0tk per day. The cost of the other variable inputs is 0.50tk per cup of Yogurt. Their fixed cost is 120.0tk per day. Quantity of Labour Output Quantity of frozen Yogurts (cups) 110 200 3 270 300 320 330 (a) What is the variable cost when Just Juice produces 300 units of Frozen Yogurts? (b) What is the marginal cost for the 200 units of Frozen Yogurts Give your answer in 2-decimal places Submit You have used 0 of 1 attempt Save Numerical Input 4.0 points possble igraded results hiddon) Consider the tollowing demand and supply functions for sofas in Equador: Q = 2162 - 2P and Q = 1130 + 2P. Initially, the country is in an autarky equilibrium, with the equilibrium price, P", per computer, and the equilibrium quantity, Q". When they open up their economy, the world price of sofas, p", is €154.79999999999998. Calculate the number of sofas that Peru would import at the global price level, P". Give your answer in 2 decimal places when applicable. Suppose Equador imposes tariff on import of sofas. The new price of sofas faced by Equador, after the imposition of this tariff, is pt- €219.29999999999998. Calculate the number of sofas Equador would import after the imposition of tariff. Give your answer in 2 decimal places when applicable. What is the amount of taritt per unit imposed by the Equadorian government?? Give your answer in 2 ceamal places when applicable, Submit You have used o of 1 attempt Save
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning