Explain production possibilities frontier for reading

Assignment Help Macroeconomics
Reference no: EM13196366

Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. 

a. Draw Maria's production possibilities frontier for reading economics and sociology. 


b. What is Maria's oppurtunity cost of reading 100 pages of sociology?

Reference no: EM13196366

Questions Cloud

Describe short-run decision or long-run decision : Bob's lawn mowing service is a profit-maximizing competitive firm. Bob mows lawns for $27.00 each. His total cost each day is $280 , of which $30 is a fixed cost.
Droped from a height and broken : A stone of 40 kgs weight has droped from a height and broken into 4 pieces. using these 4 pieces it has found that we can weigh the weights from 0 to 40 kg with the increment of 1 kg & what might be the weights of these 4 stones
Spoilsmen refers to those who : Spoilsmen" refers to those who
Assume a linear concentration profile : A sheet of steel 2.1 mm thick has nitrogen atmospheres on both sides at 1200°C and is permitted to achieve a steady-state diffusion condition. The diffusion coefficient for nitrogen in steel at this temperature is 6.0 × 10-11 m2/s, and the diffusion ..
Explain production possibilities frontier for reading : Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying.
Hotspot analysis of ESRI ArcGIS software : I want to measure the level of sprawl from building footprint of my town. I digtized all dewelling units from high spatial satellite image. I need to use Local Morean I and Hotspot analysis of ESRI ArcGIS software. Am I write to use this tool?
Determine the partial pressure of each produce : vessel is filled with .202 mol of NO and .202 mol of O3 at 366K. Find the partial pressure of each produce and the total pressure in the flask at the end of the reaction.
Liberation movements-home front during the vietnam war : Many liberation movements began on the home front during the Vietnam War.
What was the war on poverty : What was the War on Poverty? Who instituted it? Ultimately, was this a success or an economic drain on America? Were there any measures not taken that could have added to the success of the program?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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