Illustrate james opportunity cost of producing chickens

Assignment Help Business Economics

Reference no: EM1370981

Q. Illustrate what is Michelle's opportunity cost of producing potatoes?

Illustrate what is Michelle's opportunity cost of producing chickens?

Illustrate what is James' opportunity cost of producing potatoes?

Illustrate what is James' opportunity cost of producing chickens?

Which person has an absolute advantage in which activities?

Which person has a comparative?

Suppose that y are thinking of each specializing completely in area in which y have a comparative advantage and n trading at a rate of 2.5 pounds of potatoes for 1 chicken, would y each be better off? Explain.

Reference no: EM1370981

Questions Cloud

Explain how much does government purchases have to change : Government wants to change its spending in order to avoid a recession. If crowding-out effect is always half as strong as multiplier effect and if MPC equals 0.9, by Explain how much does government purchases have to change.

Illustrate what products or services that made by company : Explain how much and why. This could include things such as mergers, innovative marketing, etc. Illustrate what products and/or services that made by this company.

Contractionary monetary policy : An economy is facing inflationary gap shown in the accompanying diagram. To eliminate gap, should the central bank use expansionary or contractionary monetary policy?

Advantages and disadvantages of using presentation aids : Describe two different presentation aids used in group presentations identify the advantages and disadvantages of your selected aids when used in group presentations.

Illustrate james opportunity cost of producing chickens : Illustrate what is James' opportunity cost of producing chickens. Which person has an absolute advantage in which activities.

Write program simulate checkout line at supermark : Write the program which simulates checkout line at supermarket. Line is a queue object. Customers( i.e customer objects) arrive in random integer intervals of 1-4 minutes.

How far behind the train is the automobile : The automobile afterwards undergoes a uniform acceleration of -4 m/s2 because of a red light and comes to rest. It remains at rest for 54.6s and next accelerates back to a speed of 25.6m/s at a rate of 2.85m/s2.

Determining the present value : You have just won a lottery! You will receive $50,000 a year beginning one year from now for twenty years. If your required rate of return is 10 percent,

Why is depreciation of capital good a cost of society : Why is depreciation of capital good a cost of society. In illustrate what ways does a person's health depreciate. Why might older people's health care expenditures increase in Grossman model even though their desired health stocks may be lower.

User Account

All Pages