economics

posted by .

I need help with part D below, i thought the function would be y=x/3 + y/2.
1. You produce sandwiches for the Perk cof ee stand. Sandwiches require 3 tablespoons of mayonnaise
(x) and 2 tablespoons of mustard (y)
(a) Write the production function for sandwiches and plot the isoquant curves that correspond to
production of 1, 5 and 10 sandwiches.
(b) Because UCSC has virtually no other options on Science Hill, you somehow actually have orders
for 50 sandwiches. How many of each ingredients do you need to use to minimize your costs?
Assume mustard costs 10 cents per tablespoon and mayonnaise costs 20 cents each. What is your
resulting total cost of producing these 50 sandwiches?
(c) Draw an isocost curve consistent with the prices of inputs and level of production just given.
Carefully label the slope.
(d) A technological revolution happens; companies have gured out how to sell premixed mayonnaise
and mustard. There are two brands Mayostard and Mustardayonnaise. The two products
are basically identical though Mayostard (x) is priced at 50 cents per sandwich while Mustarday-
onnaise (y) is priced at 40 cents per sandwich. Redo each of the three previous steps assuming
you use Mayostard and Mustardayonnaise to produce your sandwiches.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. algebra

    Junior ate 30% of the sandwiches at the picnic. If he ate 1 ½ sandwiches, how many sandwiches were there?
  2. math

    Dani made some sandwiches for a party. 3/5 of them were chicken sandwiches and the rest were tuna sandwiches. there 240 tuna sandwiches. How many chicken sandwiches were there?
  3. math

    Phyllis made some sandwiches for a family reunion.She made 12 turkey sandwiches, 10 ham sandwiches, and 8 cheese sandwiches . She wrapped the sandwiches in paper but forgot to label them. (Part A) The first person took 2 candwiches …
  4. Math

    My class is mixing 3 1/5 batches of paint. If one batch calls for calls for 2 3/4 tablespoons of detergent to be added to the powder, how many tablespoons of detergent will my class need?
  5. math

    I have 102 sandwiches my friends ate 5/8 of the chicken sandwiches and 2/3 of tuna sandwiches,how many of each sandwiches did I make
  6. math

    two types of sandwiches were made for a tea party. 55% of the sandwiches were cheese sandwiches and the rest were chicken. If there were 252 chicken sandwiches, how many sandwiches were made altogether?
  7. math

    Joel made egg and tuna sandwiches in the ratio of 2:3. He then made 15 more tuna sandwiches and the ratio changed to 1:3. How many sandwiches did Joel make in all?
  8. Math

    You mix 8 tablespoons of hot sauce and 3 cups of salsa in a green bowl. You mix 12 tablespoons of hot sauce and 4 cups of salsa in an orange bowl. Which mixture is hotter?
  9. Math

    A sandwich shop gives a free sandwich after 8 sandwiches are bought in the formula t=s/8+s,t represents the total number of sandwiches received if s sandwiches where bought. Last year julie bought 48 sandwiches. How many sandwiches …
  10. Math

    Laura makes modeling dough with 18 tablespoons salt and 27 tablespoons flour. She has scoops that hold from 1 through 10 tablespoons. If she wants to use the same scoop for the salt and the flour, what is the largest scoop she can …

More Similar Questions