Carlas opportunity cost of picking 1 pound of nuts

Assignment Help Microeconomics
Reference no: EM133366793

Carla and Bill live on an island alone where they gather fish and nuts. Carla can catch a maximum of 6 fish or 3 pounds of nuts per day. Bill can catch a maximum of 5 fish or 4 pounds of nuts per day. Carla's opportunity cost of picking 1 pound of nuts is

Reference no: EM133366793

Questions Cloud

Identify and explain two factors that have caused a shift : Identify and explain two factors that have caused a shift in the demand curve. Illustrate the impact on the market using supply and demand curves.
How will you apply what you have learned moving forward : What have you discovered about the distinctions between the individual and collective debrief?Following the group-debrief, how did/did not your understanding
Describe how you would have done things differently : Describe the background and context of the scenario you are writing about. If there is a common practice related to the case study, briefly describe it
Analyze the abg and determine the acid-base disturbance : Analyze the ABG and determine the acid-base disturbance. Calculate the compensation response and determine if it is appropriate. This item is optional.
Carlas opportunity cost of picking 1 pound of nuts : Carla can catch a maximum of 6 fish or 3 pounds of nuts per day. Bill can catch a maximum of 5 fish or 4 pounds of nuts per day. Carla's opportunity cost
Discuss the concept of health in light of the case : Discuss the concept of health in light of the above case scenario. Describe the most appropriate theory to use. What are the roles that community health
Which alternative is better : will save $300,000 per year. Each grinder will last seven years. If the MARR is 8 percent, which alternative is better? Use IRR comparison
Apply the pareto, externality, costs/demand, and equity : Apply the pareto, externality, costs/demand, and equity theories to the use of toll roads in Texas and to higher education and compare the value placed on them.
What is the basic philosophy behind this diet : What are the daily nutritional or energy recommendations for this diet? Be sure to include gram or calorie amounts if specified.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd