How would be measure the mc of oil between points a and b

Assignment Help Econometrics

Reference no: EM13237667

Point A 4m barrels oil 200 tonnes lumber
Point B 6m barrels oil 150 tonnes lumber

a) If we had a PPF with the goods oil and lumber, how would be measure the MC of oil between points A and B ?
B) What would be the MB of lumber in this example?
c) If we move between two points A and B on a PPF, what is the opportunity cost of oil?

let a unit of oil = 1 million barrels and 1 unit of lumber = 100 tonnes

D) As the oil is used up it becomes harder to access (more resources have to be used to get the oil) how would this affect the PPF?

Reference no: EM13237667

Questions Cloud

Explain what cell voltage would you expect from the ph probe : Our simple pH meter that we have used before works on the principles deiscussed on page 829. What cell voltage would you expect from the pH probe if it is place into a beaker containing 50 mL of 1M HCl diluted with 50 mL of distilled water

Find the equivalent capacitance of the network : A pulsed carbon dioxide laser has an energy output of 1.00 J. This energy is released in the form of a 10^9 W pulse of infrared radiation lasting 10^-9 s, Find the equivalent capacitance of the network

Developing language policies : What are some of the problems the Arab world is facing with regard to developing language policies and strategies to become a major player in the global arena? Be specific

Properly applied the equity method to investment in subsid : On January 1, 2013, Subsid had common stock of $260,000 and retained earnings of $400,000. During that year, Subsid reported sales of $270,000, cost of goods sold of $140,000, and operating expenses of $54,000.

How would be measure the mc of oil between points a and b : Point A 4m barrels oil 200 tonnes lumber Point B 6m barrels oil 150 tonnes lumber a) If we had a PPF with the goods oil and lumber, how would be measure the MC of oil between points A and B

Explain sodium hypochlorite and the kb of hypochlorous acid : What is the pH of a buffer solution that is 0.255 M in hypochlorous acid (HClO) and 0.333 M in sodium hypochlorite? The Kb of hypochlorous acid is 2.63 x 10 ^-7. ( Use ICE and please show work)

Capital of the angkorian empire : Which of the following modern day countries in southeast asia was the center of and had the capital of the Angkorian Empire?

Write the equation for e in terms of the position vector r : The electrical field within a continuous distribution of charge is given by the equation E= cxi+cyj+czk, Write the equation for E in terms of the position vector r

Compute the kb value for dimethylamine : The pH of a dimethylamine aqueous solution is 11.98. (CH3)2NH + H2O ? (CH3)2NH2+ + OH-, The dimethylamine solution is 0.146 M a) Calculate the Kb value for dimethylamine.

User Account

All Pages