Suppose the nation of Bittle produces only two goods, teapots and surfboards. If Bittle produces teapots, it can make 40 per day. If Bittle produces only surfboards, it can make 70 per day. What is the opportunity cost of one teapot in Bittle?
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- Suppose the nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces teapots, it can make 40 per day. If Arcadia produces only surfboards, it can make 60 per day. What is the opportunity cost of one teapot in Arcadia? a. 2/3 of a surfboard b. 1.5 surfboards c. 40 surfboards d. 60 surfboardsSolveHelp
- Provide accurate answer with explanationThe per-unit cost of an item is its average total cost (= total cost/quantity).Suppose a new cell phone application costs $100,000 to develop and only $.50 per unit to deliver to each cell phone customer. What will be the per-unit cost of the application if it sells 100 units? 1000 units? 1 million units?Need help
- How would I do this problem?Parker Co. can further process Product J to produce Product D. Product J is currently selling for $21 per pound and costs $15.75 per pound to produce. Product D would sell for $35 per pound and would require an additional cost of $8.75 per pound to produce. What is the net differential income of producing Product D? $7 per pound $8.75 per pound $15 per pound $5.25 per poundHow many sell?