User Account

All Pages

In order for both rob and big to benefit from trade

Assignment Help Macroeconomics
Reference no: EM13317397

Suppose that Rob and Big both raise animals and sell them. Because Rob and Big have different talents, they have varying abilities to raise these animals. In 1 day, Rob can produce either 10 bulldogs or 20 mini-horses. In 1 day, Big can produce either 9 bulldogs or 36 mini-horses. Assume that Rob and Big decide to specialize completely and trade with one another. Over the course of 1 month (30 days), Rob will produce ____ bulldogs and ___ mini-horses while Big will produce _____ bulldogs and ____ mini-horses.

After specialization, suppose that Rob and Big trade with each other and Rob sends Big 235 bulldogs. In order for both Rob and Big to benefit from trade, Big must send Rob more than: (round your answers to two decimal places)

Reference no: EM13317397

Questions Cloud

How will pricing relate to elasticity of your product : Besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry?
Calculate the magnification of the telescope : A researcher is trying to shoot a tranquilizer dart at a 1.8-m-tall rhino that is 150m away. What is the magnification of the telescope
Has the dollar appreciated or depreciated in value : Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S. goods in Japan? Illustrate by showing the price of a U.S. e-reader in Japan, before..
What would be the void ratio for a total pressure of 800 kn : When the total pressure acting at midheight of a compressible clay layer is 100 kN/m^2, the corresponding void ratio is 1.09. When the total pressure increases to 400 kN/m^2, the corresponding void ratio decreases to 0.89.
In order for both rob and big to benefit from trade : Suppose that Rob and Big both raise animals and sell them. Because Rob and Big have different talents, they have varying abilities to raise these animals.
At what depth would the vertical effective stress in deposit : At what depth would the vertical effective stress in a deep deposit of clay be 100 kpa, if e=1.1 The ground water level is a 1 m delow ground surface and S=95% above the groundwater level. Neglect pore air pressure.
Restricting imports from other nations will save : Evaluate the statement: Restricting imports from other nations will save U.S. jobs. Include both advantages and disadvantages in you argument.
Compute several points of the velocity profile and plot data : A large pipeline with a 1.200 meter inside diameter carries oil similar to SAE 10 at 110 degrees celcius (sg=0.8). Compute the volume flow rate required to produce a Reynolds number of 3.60 x 10 ^4.
Although unemployment tends to increase during a recession : The unemployment rate in October 2008 reached a 14 year high at 6.5%. As of the end of 2008, the recession did not appear to be ending any time soon.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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