Frank owns an apple farm and plans to spend 4 hours today picking apples. The number of apples he can pick per hour depends on the total number of hours he spends working in either the east orchard or the west orchard in the manner shown in the accompanying table below.Hours in East OrchardNumber of Apples Per HourHours in West OrchardNumber of Apples Per Hour140110232210325310420410 How should Frank divide his time between the east and the west orchard?

A. He should spend all 4 hours in the east orchard.
B. He should spend 3 hours in the east orchard and 1 hour in the west orchard.
C. He should spend 1 hour in the east orchard and 3 hours in the west orchard.
D. He should spend 2 hours in east orchard and 2 hours in the west orchard.


Answer: B

Economics

You might also like to view...

Amanda buys a ruby for $330 for which she was willing to pay $340. The minimum acceptable price to the seller, Tony, was $140. Tony experiences a

A. consumer surplus of $670 and Amanda experiences a producer surplus of $470. B. producer surplus of $190 and Amanda experiences a consumer surplus of $10. C. consumer surplus of $10 and Amanda experiences a producer surplus of $190. D. producer surplus of $470 and Amanda experiences a consumer surplus of $670.

Economics

When cyclical unemployment is zero,

A) frictional unemployment is zero. B) cyclical and frictional unemployment are zero. C) structural unemployment is zero. D) the unemployment rate equals the natural unemployment rate. E) the natural unemployment rate is zero.

Economics

Marginal profit is the slope of the total profit curve.

Answer the following statement true (T) or false (F)

Economics

Which of the following is not a characteristic of less-developed countries?

A. high rates of illiteracy B. high unemployment C. low infant mortality rates D. low savings and investment rates

Economics