Big Oaks Can Produce Either Paper Products or Lumber with Each

question 144

Multiple Choice

Big Oaks can produce either paper products or lumber with each tree that they harvest. Because Big Oaks can adjust the amo paper products and lumber they produce from the harvested trees, paper products and lumber are produced in variable prop The above table summarizes Big Oaks production possibilities from each harvested tree.
-Refer to the table above. Suppose the profit for each unit of paper product is $2.00 and the profit for each unit of lumber is $5 and Big Oaks is producing the profit- maximizing quantity of lumber and paper products. If the profit from each unit of paper product increases from $2 to $3 and the profit for each unit of lumber does not change, to maximize profit, Big Oaks should produce a______ proportion of paper products and produce ______units of paper products and lumber.

• A)greater; more
• B)smaller; less
• C)greater; less
• D)smaller; more

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Definitions:

Net Primary Productivity

The rate at which plants and other photosynthetic organisms produce organic compounds in an ecosystem minus the rate at which they use some of these compounds for cellular respiration.

Biomass

Organic material derived from living or recently living organisms, used as a source of energy or in various industrial processes.

Food Web

A network of interlinked food chains in an ecosystem, showing how each organism is food for the next level.

Complex Feeding

Refers to the intricate interactions and food webs in ecosystems, involving multiple levels of producers, consumers, and decomposers.