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

How might governments lower the natural rate of unemployment, How might gov...

How might governments lower the natural rate of unemployment? An easy way to organise the answer is to separate possible solutions into two broad groups; interventionist and m

What determines the price elasticity of demand, Question 1: i) Elaborat...

Question 1: i) Elaborate on the different types of price discrimination that a monopolist may use and what are the required preconditions for its application? ii) What dete

Theory of Consumption, llustrate and explain the changing demand gor big Ma...

llustrate and explain the changing demand gor big Mac using the indifference curves and budget line

Continuity and regularity- export strategy , Continuity and Regularity: ...

Continuity and Regularity: We should make it a point that once we have entered the market for a particular commodity and have gained some foothold in it, we must strive to ma

What is endothermic reaction, What is endothermic reaction? 3. Draw a gener...

What is endothermic reaction? 3. Draw a generalised energy graph for an endothermic reaction.

Shutdown point, when does a buisness reach shutdown point

when does a buisness reach shutdown point

Illustrate about the elasticity of substitution, Illustrate about the elast...

Illustrate about the elasticity of substitution. The Elasticity of Substitution: The technical substitution’s marginal rate measures the slope of an isoquant. As well the el

Illustrates the key terms of excise tax, Illustrates the key terms of excis...

Illustrates the key terms of excise tax? Terms of excise tax: a. Tax incidence • Who bears the load of the tax? b. Excess burden or Deadweight loss • Taxes inflict

Elastic and inelastic demand, Elastic and Inelastic Demand can be understoo...

Elastic and Inelastic Demand can be understood as follows: Slope and elasticity of demand have an inverse relationship between them. When slope is high elasticity of demand bec

Assignement, need help for my micro assignment

need help for my micro assignment

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