What is the opportunity cost of catching fish

Assignment Help Econometrics
Reference no: EM13189178

two of students of BSI semester I are friends.they spend most of their time studying but are planning to leave for their hometown in vacations for some other re-greational activities after the competition of final term examination which is going to hold in mid febraury.Maha claims that she could collect 10 oranges or can catch one fish per hour from pond besides their hometown in village while khadija claims that she could collect 2 oranges or 2 fish per 2 hours.what is the opportunity cost of catching fish for both .who has comparative advantage and who has absolute advantage in catching fish.

Reference no: EM13189178

Questions Cloud

Calculate the equilibrium price and quantity of corn : Analyzing domestic market for corn Qd= 1800 -125P-10pw Qs = 440 + 165P Quantities in millions of bushels; prices are measured in dollars per unit. Pw is the price of wheat. Pw = $20, calculate the equilibrium price and quantity of corn.
Find a formula for the population p as a function : A population of animals oscillates sinusoidally between a low of 500 on Janary 1 and a high of 700 on July 1. Graph the population against time. Find a formula for the population P as a function of time, t, measured in months since the start of th..
Elias paper on liability of trade associations : I read the Elias paper on liability of trade associations. She hinged it on control. In medical cases, particularly US v. AMA and Wilk V. AMA, which are antitrust cases, the control was exercised by peer pressure subsequently by boards of medicine. A..
What should be charged to maximize profit : r of a concession stand can sell 150 lunches per day at a price of $3 EACH. tHE COST TO THE owner is $2.25 per lunch. Each $0.25 price increase decreases sales by 30 lunches per day. What should be charged to maximize profit?
What is the opportunity cost of catching fish : Maha claims that she could collect 10 oranges or can catch one fish per hour from pond besides their hometown in village while khadija claims that she could collect 2 oranges or 2 fish per 2 hours.what is the opportunity cost of catching fish for ..
How much money will be in her account after 8 years : Katy deposits $100 in such a savings account. Find out how much money will be in her account after 8 years.
What is the standard deviation of payoffs of the asset : A risky asset has two possible outcomes. Outcome 1 pays $20 with 20% probability, and outcome 2 pays $50 with 80% probability. What is the standard deviation of payoffs of this asset
Determine the point of intersection through the given line : Determine the point of intersection through the given line and plane X = (2,3,1) + t(1,-2,-4) t E R and 3x1 - 2x2+5x3=11
What is the average cost of a sofa : Let X be the cost of the sofa. What is the average cost of a sofa if the advertised sofa is $250 and the more expensive sofa is $ 375?

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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