Question

In: Economics

Goods Produced A B C D E Chips (bags) 0 10 12 14 16 Pretzels (bags)...

Goods Produced A B C D E
Chips (bags) 0 10 12 14 16
Pretzels (bags) 50 40 30 20 0

How would a technological change that increases the production of only pretzels affect the production of chips? Explain

Solutions

Expert Solution

A technological change that increases the production of only pretzels will not affect the production of chips. The production will rotate and not shift. Thus, for instance, point A can become 0 units of chip and 60 units of pretzels. Point B can become 10 units of chips and 50 units of pretzels. Thus, for each unit of chips we can have more units of pretzels, but the production of chips can not be changed. The maximum units of chips that can be produced is still only 16.


Related Solutions

Consider the cross: A/a; b/b; C/c; D/d; E/e x A/a; B/b; c/c; D/d; e/e a) what...
Consider the cross: A/a; b/b; C/c; D/d; E/e x A/a; B/b; c/c; D/d; e/e a) what proportion of the progeny will phenotypically resemble the first parent? b) what proportion of the progeny will genotypically resemble neither parent?
The expected returns for Stocks A, B, C, D, and E are 7%, 10%, 12%, 25%,...
The expected returns for Stocks A, B, C, D, and E are 7%, 10%, 12%, 25%, and 18% respectively. The corresponding standard deviations for these stocks are 12%, 18%, 15%, 23%, and 15% respectively. Based on their coefficients of variation, which of the securities is least risky for an investor? Assume all investors are risk-averse and the investments will be held in isolation. a. ​E b. ​B c. ​D d. ​C e. ​A
11 12 11 10 14 15 16 12 11 10 12 20 13 32 35 14...
11 12 11 10 14 15 16 12 11 10 12 20 13 32 35 14 41 12 10 11 12 12 13 16 14 17 18 19 12 13 14 10 10 14 11 10 12 14 12 13 16 14 17 19 20 15 25 15 45 45 44 41 40 14 18 19 24 20 26 36 34 30 31 50 15 12 Find the following: Mean? (1) Median (2), and Mode? Find : Q3, Q1, D7,...
Given the following knowledge base: a <- b^c. b <- d^e. b <- g^e. c <-...
Given the following knowledge base: a <- b^c. b <- d^e. b <- g^e. c <- e. d. e. ƒ <- a^g. Which of the following would be the trace of resolved atoms assuming a bottoms-up proof procedure? Select one: a. {a,b,c,e,g} b. {a,b,c,e,d} c. {g,e,b,e,c,a} d. None of these options Constraint Satisfaction Problem (CSP) is consists of a set of _________________. Select one: a. Variables, heuristics, and solutions b. Variables, domains, and backtracking c. Variables, domains, and constraints d....
Exhibit 25-3 Firms Market Share A 7% B 12% C 3% D 9% E 10% F...
Exhibit 25-3 Firms Market Share A 7% B 12% C 3% D 9% E 10% F 20% G 6% H 6% I 14% J 5% K 5% L 3% ​ Refer to Exhibit 25-3. The four-firm concentration ratio for this industry is a. 46 percent. b. 49 percent. c. 56 percent. d. 44 percent. e. This cannot be determined without further information. Refer to Exhibit 25-3. The Herfindahl Index for this industry is currently a. 10,000. b. 840. c. 1,980....
Let A = {a, b, c, d} and B = {b, d, e}. Write out all...
Let A = {a, b, c, d} and B = {b, d, e}. Write out all of the elements of the following sets. (a) B ∩ ∅ (b) A ∪ B (c) (A ∩ B) × B (d) P(A\B) (e) {X ∈ P(A) | |X| ≤ 3}
Find the proof of the following ((a ∧ b) ∨ (c ∧ d)), (a → e),...
Find the proof of the following ((a ∧ b) ∨ (c ∧ d)), (a → e), (b → f), (c → f), (d → e) ⊢ e
12. Assume that we randomly choose from the letters {A, B, C, D, E, F, G,...
12. Assume that we randomly choose from the letters {A, B, C, D, E, F, G, H, I, J, K, L} (without replacing the letters), until they have all been taken. (a) Find the probability that the letters A and K are chosen successively in the given order. (b) Find the probability that the letters G, H, I, are chosen successively in the given order. c) Find the probability that the string "LAI" appears somewhere in the sequence of letters....
You are given the independent jobs A(5), B(7), C(10), D(12), E(6), F(4), G(3). (a) Using the...
You are given the independent jobs A(5), B(7), C(10), D(12), E(6), F(4), G(3). (a) Using the alphabetical order priority list above, if the jobs are scheduled on 3 processors, what is the completion time? (b) If the decreasing time algorithm is used to schedule the jobs on 3 processors, what is the completion time? (c) If the decreasing time algorithm is used to schedule the jobs on 3 processors, which is the second job scheduled on processor 1? A b...
X = [ 6, 0, 13, 10, 7, 16, 13 ] (a) mode (b) median (c)...
X = [ 6, 0, 13, 10, 7, 16, 13 ] (a) mode (b) median (c) mean (d) 20% trimmed mean (e) range (f) interquartile range (g) sample standard deviation (h) winsorized sample standard deviation
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT