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- Assume that quantities do not need to be integers. That is, it is feasible for Andreas to knit 37.25 pairs of mittens. It takes Andreas 3 hours to knit a pair of mittens and 6 hours to knit a scarf. Assuming efficient production, what is the opportunity cost, in terms of pairs of mittens, of Andreas choosing to knit one extra scarf? Enter a number (and only a number, no units) rounded to two decimal places. If your answer is 1.275, enter 1.28.Please show proper computation and explanation for me to understand it better. Thank youuuuu :)The 8th graders are volunteering to make and sell organic pesticides, called Sweet4Bees, that will protect plants in local gardens without harming bees. The teens also plan to donate some of their product to local nursing homes to use in their gardens. Jade is so excited! She's already started a business log in her notebook, including a graph with a break-even point of 34 bottles sold. Suppose all Jade's notes become true. What is the club's overall profit per ounce of pesticide solution, when 26 bottles have been donated to the nursing homes? Round to the nearest cent. Sweet4Bees Business Log Sweet4Bees! Production Expenses: $1.45 (empty bottle), $0.05 (label), cost of ingredients (not sure right now, I'll call it $m) Taxes & Fees: none! Sales Selling Cost: $9.72/bottle Start-Up Expenses: $65.88 Expenses (high-speed mixer), $55 (pans), $26 (kitchenware) • Each bottle holds 12 oz of pesticide concentrate.* Directions for preparing solution: Mix 7 parts water to 1 part Sweet4Bees…
- Assume that England and Spain can switch between producing cheese and producing bread at a constant Labor Hours Needed to Make 1 Unit of Number of Units Produced in 24 Hours Cheese Bread Cheese Bread England 2 3 12 8 Spain 3 6 8 4 Assume that England and Spain each has 24 labor hours available. If each country divides its time equally between the production of cheese and bread, then what will be the total production of Cheese and Bread? Check to see if the following combination of Chease and Bread could be produced in England. 6 units of cheese and 4 units of bread. 8 units of cheese and 3 units of bread.Assume that quantities do not need to be integers. That is, it is feasible for Andreas to knit 37.25 pairs of mittens. Andreas can knit 6 pairs of mittens in an hour. He can knit 5 scarves in an hour. Assuming efficient production, what is the opportunity cost, in terms of pairs of mittens, of Andreas choosing to knit one extra scarf?The following Table is for answering questions below: Input Output TFC TVC TC MC 200 1000 400 1000 X - T 1200 W Z Y 5 What is the value of W ? 400 200 1000 None of the above
- How do we solve the following question below?Krisha can pick 4 pounds of coffee beans in an hour or gather 2 pounds of nuts. Tom can pick 2 pounds of coffee beans in an hour or gather 4 pounds of nuts. Each works 6 hours per day. Together, what is the maximum number of pounds of coffee beans the two can pick in a day? What is the maximum number of pounds of nuts the two can gather in a day? Maximum amount of coffee beans pounds per day Maximum amount of nuts pounds per day Now suppose Krisha and Tom were gathering the maximum number of pounds of nuts when they decided that they would like to begin picking 8 pounds of coffee beans per day. Who would pick the coffee beans? How many pounds of nuts would they still be able to gather? Would it be possible for Krisha and Tom in total to gather 26 pounds of nuts and pick 20 pounds of coffee beans each day? If so, how much of each good should each person pick? The combination of 30 pounds of coffee beans and 12 pounds of nuts per day is show Krisha and Tom's combined daily PPC.Later, the teaching assistant in Clancy’s economics course gives him some advice. “Based on past experience,” the teaching assistant says, “working on 15 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same number of pages during each hour they spend reading. Given this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he have spent working on problems, and how many should he have spent reading? 1 hour working on problems, 3 hours reading 2 hours working on problems, 2 hours reading 3 hours working on problems, 1 hour reading 4 hours working on problems, 0 hours reading
- Later, the teaching assistant in Clancy’s economics course gives him some advice. “Based on past experience,” the teaching assistant says, “working on 15 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same number of pages during each hour they spend reading. Given this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he have spent working on problems, and how many should he have spent reading?Assume that quantities do not need to be integers. That is, it is feasible for Andreas to knit 37.25 pairs of mittens. It takes Andreas 5 hours to knit a pair of mittens and 8 hours to knit a scarf. Assuming efficient production, what is the opportunity cost, in terms of pairs of mittens, of Andreas choosing to knit one extra scarf?Please solve very soon