E2 QUESTION 14Ayesha, a baker of apple pies, can make a pie from one pound of apples and one hour of paid labor. Apples are $5/pound and labor is $2/hour. She can bake up to 50 pies per hour in an oven thatshe rents for $100 per day, in a one-year lease. Each pie sells for $11.What are the total variable costs when 50 pies are produced? Answer $[B].00* Answer in this format: No comma, No $ sign, and please type an integer.

Given information: An apple pie can make from one pound of apples and one hour of paid labor. The…

Ayesha, a baker of apple pies, can make a pie from one pound of apples and one hour of paid labor. Apples are on she rents for $100 per day, in a one-year lease. Each pie sells for $11. duced? Answer $IB1.00

Ayesha, a baker of apple pies, can make a pie from one pound of apples and one hour of paid labor. Apples are on she rents for $100 per day, in a one-year lease. Each pie sells for $11. duced? Answer $IB1.00

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 3.7P

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Comparative Advantage and Absolute Advantage Analysis

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