To produce a Ipad pro it requires 7 hours of work for software, 6 hours of work for hardware, 8 hours of work for decoration. To produce an Iphone it requires 6 hours of work for software, 3 hours of work for hardware, 9 hours of work for decoration. To produce an Apple Watch it requires 8 hours of work for software, 5 hours of work for hardware, 4 hours of work for decoration. • If their workers can produce 10000 hours of work for software, 7500 hours of work for hardware, 9000 hours of work for decoration. How many Iphone, Ipad pro and Apple Watch can Apple produce ?

To produce a Ipad pro it requires 7 hours of work for software, 6 hours of work for hardware, 8 hours of work for decoration. To produce an Iphone it requires 6 hours of work for software, 3 hours of work for hardware, 9 hours of work for decoration. To produce an Apple Watch it requires 8 hours of work for software, 5 hours of work for hardware, 4 hours of work for decoration. • If their workers can produce 10000 hours of work for software, 7500 hours of work for hardware, 9000 hours of work for decoration. How many Iphone, Ipad pro and Apple Watch can Apple produce ?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter1: Welcome To Economics!

Section: Chapter Questions

Problem 20CTQ: Suppose you have a team of two workers: one is a baker and one is a chef. Explain why file kitchen...

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Similar questions

Give the three reasons that explain why the division of labor increases an economys level of production.
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What is a production technology?
Suppose you have a team of two workers: one is a baker and one is a chef. Explain why file kitchen can produce more meals in a given period of time if each worker specializes in what they do best than if each worker tries to do everything from appetizer to dessert.
1.Explain how a firm uses resources price and value data to determine the appropriate combination of capital and labor resources to use in order to maximize profits. 2.how does this change when the firm want to produce a specific quantity of product with the least cost combination of resources? 3. if a software firm estimates that the MP of labor is 3 apps per month and the price is labor is $1100 per month, while the MP of capital is 5apps per month and its price is $2000, should the firm hire more labor and decrease its capital use or increase its use of capital and use fewer labor resources?
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The following table shows the production possibilities for the country of Erewhon: A CDEF Wine 10 18 24 28 30 Cheese 40 28 18 10 4 0 What is the total cost of producing the first 10 units of wine? O a. 24 units of cheese O b. 28 units of cheese O c. 12 units of cheese O d. 6 units of cheese B.
efer to the table which shows the technology of production at the Matsuko's Mushroom Farm for the month of May. What is the average product of labor when the farm hires 5 workers? A. 4 pounds B. 54 pounds C. 38.2 pounds D. 10.8 pounds ..... Number of workers Mushrooms per day (pounds) 1 12 2 30 3 45 4 50 5 54 6 56
QUESTION 43 Figure 18-1 On the graph, L represents the quantity of labor and Q represents the quantity of output per week. 420 390 345 285 210 120 1 (i) (ii) (iii) (iv) O a. (ii) and (iv) only O b. (i) and (iv) only O c. (i) and (iii) only O d. (i) only 2 QUESTION 44 3 4 Refer to Figure 18-1. Based on the shape of the curve, the total product is increasing. total product is decreasing. marginal product is increasing. marginal product is decreasing. 5 6 L
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7. Fancy Footwear manufactures shoes. The figure below shows Fancy Footwear's marginal product of labor and average product of labor curves in the short run. Output (Quantity of footwear) monoos Icunns a'boral ai rud W d 1 1 2 3 4 5 6 7 8 13g moondaM (abanog) (s B a. Identify the Marginal Product and the Average Product? 23/10W A Labor (units) b. For what quantity of labor does production display diminishing returns? od oldat on BM to dinom od not