In Some Parts of the World, Red Lizzard Wine Is

question 30

Multiple Choice

In some parts of the world, Red Lizzard Wine is alleged to increase one's longevity.It is produced by the process Q =min{(1/4) L, R}, where L is the number of spotted red lizards and R is gallons of rice wine.P_L = P_R = $1.Demand for Red Lizzard Wine in the United States is Q = 900P=^-2 A^1/2.If the advertising budget is $144, the quantity of wine which should be imported into the United States is

• A)540 gallons.
• B)108 gallons.
• C)0 gallons.
• D)36 gallons.
• E)104 gallons.

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Definitions:

Diseconomies of Scale

The phenomenon where an increase in production leads to higher average costs per unit, often due to inefficiencies associated with scale of operation.

Output Rate

The output rate is the speed at which goods or services are produced over a specific period of time, often measured to evaluate productivity.

Fifth Worker

Refers to an addition to a workforce that exemplifies the impact or utility of hiring an additional employee in a given scenario.

Marginal Cost Curve

A graphical representation showing the change in total cost produced by making one additional unit of a good or service.