Question: How do I figure out question number 2? Name Chapter 7 Assignment - 25 points Using the information learned in Chapter 7 and the video

How do I figure out question number 2?

How do I figure out question number 2? Name Chapter 7 Assignment

Name Chapter 7 Assignment - 25 points Using the information learned in Chapter 7 and the video lectures please answer the following questions. Complete the table below. (9 points) Tons of Bales of Production Tomatoes Cotton Marginal Rate of Product Option ($80/ton) ($1,125/bale) Revenue Transformation x-axis y-axis A 30,000 B 21,000 410 C 15,000 900 D 5,000 1,525 E 1,800 Suppose that the wage rate for labor (x-axis) is $16/hour and the rental rate for capital (y-axis) is $80/hour. On a separate sheet of paper that you will not have to turn in draw a $2,000 isocost line. After drawing the graph answer the questions below. (6 points) a. Please list the two endpoint coordinates for the graph: and b. Calculate the slope of the isocost line: 3. What is the name of the slope that goes with the production possibilities curve? (2 points) 4. What is the name of the slope that goes with the isoquant curve? (2 points) 5. A company can produce pistachios (y-axis) and almonds (x-axis). Pistachios sell for $2.40/lb. and almonds sell for $1.60/lb. On a separate sheet of paper that you will not have to turn in draw a $4,800 isorevenue line. After drawing the graph answer the questions below. (6 points) a. Please list the two endpoint coordinates for the graph: and b. Calculate the slope of the line

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