Would both alex and chelsea accept this proposal

Assignment Help Management Theories

Reference no: EM133539364

Question: Alex and Chelsea both like to grab cookies and smoothies for their snack. It takes Alex 30 minutes to make a pound of cookies and 15 minutes to make a smoothie. Chelsea is more efficient in making both - it takes her only 20 minutes to make a pound of cookies and 10 minutes to make a smoothie. Suppose they both have 60 minutes a day to spend on making cookies and smoothies. Suppose Alex buys a new blender which reduces the time required to make smoothies to 5 minutes. The new blender is not available to Chelsea. Alex and Chelsea couldn't agree on the rate at which they should exchange smoothies and cookies and they invite Ben, their trusted neighbor, to help them reach an agreement. Ben suggests them to trade 3 pounds of cookies for 3 smoothies. Would both Alex and Chelsea accept this proposal?

Reference no: EM133539364

Questions Cloud

What is the countrys unemployment rate : Suppose a country's labor force is 153.9 million (of whom 136.8 million are employed). What is the country's unemployment rate?

Describe an event such as a workplace emergency : An incident report describes an event such as a workplace emergency, health or safety emergency, accident, or other type of problem.

What are the things in your life that motivate you : What are the things in your life that motivate you? Think through some examples and try to dig a little deeper. Are the surface level motivators

Why do professional athletes get paid to huge extents : Why do professional athletes get paid to huge extents? Discuss. Include economic concepts/terminology (marginal revenue product?)

Would both alex and chelsea accept this proposal : Ben suggests them to trade 3 pounds of cookies for 3 smoothies. Would both Alex and Chelsea accept this proposal

Is country x a labor abundant or capital abundant country : Country X requires $7M worth of capital and 300 hours of labor. Based on this evidence, is Country X a labor abundant or capital abundant country?

What role does gender play in the story : How does each person's class influence their decisions in the story? What role does gender play in the story?

What type of secondary data will be useful : What type of secondary data will be useful for the marketing manager? Explain how it might benefit the study. What can be the source of this secondary data?

With the state attorney general having jurisdiction : With the state attorney general having jurisdiction over an applicant's place of residence In removal or deportation proceedings

User Account

All Pages