oppurtunity cost, Microeconomics

Assignment Help:
1. Assume that Malaysia can produce cencaluk at 25 bottles per worker and belacan at RM5 per worker. Assume that Indonesia can produce 10 bottles of cencaluk per worker and 20 packets of belacan per worker.
a. In terms of belacan, what is the opportunity cost of producing cencaluk in each country?
b. Who has the comparative advantage in producing belacan?
c. Which country should most likely specialize in belacan? In cencaluk?


Related Discussions:- oppurtunity cost

Half-lives, How many half-lives are required for the concentration of react...

How many half-lives are required for the concentration of reactant to decrease to 1.56% of its original value?

Agriculture, project on visit to village for agriculturebased project

project on visit to village for agriculturebased project

Calculate marginal costs and Pbook-estimated market price, Question Yo...

Question You are the COO at PineApple, a company that produces notebook computers for business people. The company has just developed a new model - Pbook. For production of P

Basic questions to be answered by economic institution, What are the basic ...

What are the basic questions to be answered by economic institution? Four fundamental questions should be answered by any economic institution as: a. What goods and services

Illustrate the roles of mathematics in modern economics, Illustrate the rol...

Illustrate the roles of mathematics in modern economics? Roles of Mathematics in Modern Economics: Mathematics has become a significant tool into modern economics. Mostly

Macroeconomics, The Wealth of Nations of Modern Economies When the federal ...

The Wealth of Nations of Modern Economies When the federal government uses expenditures to stimulate the economy, it changes not only the present but the future as well. Question

Linkage of education with poverty and income distribution, Normal 0 ...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Pp curve, how does pp curve solve the problem of how to produce, what yo pr...

how does pp curve solve the problem of how to produce, what yo produce, and when to produce?

Deuterium, preperation methods of deuterium

preperation methods of deuterium

Preference toward risk, what is consumer''s choice involving risk.preferenc...

what is consumer''s choice involving risk.preference toward risk.

Write Your Message!

Captcha
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