Danland two goods can be produced

Assignment Help Business Economics

Reference no: EM131097152

A. Suppose that in DanLand two goods can be produced: light bulbs and wires. It takes 3 hours to make a light bulb in DanLand and 4 hours to make a wire in DanLand. In YouLand two goods can be produced: light bulbs and wires. It takes 6 hours to make a light bulb in YouLand and 6 hours to make a wire in YouLand. a. If there are 800 labor hours available in both DanLand and YouLand show graphically each country’s clearly possible combinations of light bulbs and wires that can be made if the countries do not trade. You are supposed to show the graph in your discussion IP posting, it should be viewable in your posting without any clicking links, etc. In later discussion efforts you will be required to show a graphic in a discussion posting.

Reference no: EM131097152

Questions Cloud

The total market profit is equal to what amount : Consider two firms with constant marginal and average costs, and equal to 10. Market demand is Q = 500 – 20P. Firms choose quantities simultaneously as in the Cournot model. The solution for the Nash Equilibrium gives a total output equal to what amo..

Monopsonist employer of nurses : Suppose that Guelph Hospital is a monopsonist employer of nurses. The market supply of nurses is Q^s = 0.01 W - 600, where W is the annual wage of a nurse, in dollars, and Q is the number of people who would accept employment as a nurse. What would t..

Compared with drip system : Compared with a drip system, a new type of infusion pump reduces the cost of administering chemotherapy from $25 per dose to $20 per dose. The complication rate of each system is 2 percent. Which should you choose? What sort of analysis should you do..

Suppose that monopolist seller of spreadsheet : Suppose that a monopolist seller of spreadsheet and word processor programs faces four types of consumers, A-D. The willingness to pay for a spreadsheet is $0 for types A and B, and $100 for types C and D.

Danland two goods can be produced : Suppose that in DanLand two goods can be produced: light bulbs and wires. It takes 3 hours to make a light bulb in DanLand and 4 hours to make a wire in DanLand. If there are 800 labor hours available in both DanLand and YouLand show graphically each..

Perfectly price discriminate on continuous level : A market is made up of two consumers. The first has a demand P(1) = 1200 – 3q and the other has demand P(2) = 1200 – 6q. There is one firm in the market acting like a monopolist with costs = Q^2 + 90,000. Assume the firm can perfectly price discrimin..

What effect will have on demand and supply of loanable funds : Assume there is an increase in taxes by $5 million and no change in government spending. What effect will this have on the demand and supply of loanable funds? Is the change in equilibrium investment the same, more, or less than the initial change in..

Expansionary fiscal policy-what projected consequences : Expansionary Fiscal Policy relies on changes in tax collections and government spending to achieve a non inflationary level of employment. Given this definition what actions and projected consequences did President Obama enact to realize this goal. B..

Expected value of the bernoulli pay off function : Suppose that a decision-maker's preferences can be represented by the expected value of the Bernoulli pay off function u. Find a Bernoulli payoff function whose expected value represents the decision-maker's preferences and assigns a payoff of 1 to t..

User Account

All Pages