Purchase Solution

Calculate the maximum amount of mushrooms that can be eaten

Not what you're looking for?

Ask Custom Question

By himself, he can pick 4.4 kg of mushrooms or 13.64 kg of oranges in a single day. If Alberto can also buy and sell mushrooms and oranges at a daily market where mushrooms are worth $ 10.14 per kg and oranges are worth $ 7.8 per kg, What is the maximum amount of mushrooms Alberto can eat in a day?

Purchase this Solution

Solution Summary

Solution depicts the steps to estimate the maximum output by using the opportunity cost concepts.

Solution Preview

The opportunity cost of one kg of mushroom if he picks himself=13.64/4.4=3.1 kgs of orange

The opportunity cost of one kg of mushroom in the ...

Solution provided by:
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
Recent Feedback
  • "Thank you"
  • "Really great step by step solution"
  • "I had tried another service before Brain Mass and they pale in comparison. This was perfect."
  • "Thanks Again! This is totally a great service!"
  • "Thank you so much for your help!"
Purchase this Solution

Free BrainMass Quizzes
Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.