Show the intercepts and slopes for pat and kris

Assignment Help Macroeconomics
Reference no: EM13223728

Draw the PPF's for Pat and Kris, assume the relevant time period is a 12 hour day. Show the intercepts and slopes for Pat and Kris.

Pat and Kris are roommates. They spend most of their time studying (of course), but some time for their favorite activities: making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. Kris takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza.

Reference no: EM13223728

Questions Cloud

Find some update facts for each case to support theme : Microeconomic influences on Wal-Mart in Mexico) in this chapter illustrate the major theme of this text: changes in the macro environment affect individual firms and industries through the microeconomic factors of demand, production, cost, and pro..
What is a good recommendation for bjb manufacturing company : what is a good recommendation for BJB manufacturing company quality management initiative proposal.
At what price the consumer ceases to purchase y : The consumer's utility function is U(x, y) = 3x + 2y. Let Px = 2, I = 12. (a) If price Py is too high, the consumer will not want to purchase any y. Find the lowest price Py at which the consumer ceases to purchase y.
Compute delta h for the solution process : Calculate Delta H kJ/mol NH4NO3 for the solution process. NH4NO3 ( s) yields NH4 (there is a plus sign above the four)(aq) + ^ + NO3(negative sign above the three) (aq)
Show the intercepts and slopes for pat and kris : Pat and Kris are roommates. They spend most of their time studying (of course), but some time for their favorite activities: making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza.
Explain gasoline is composed primarily of hydrocarbons : Gasoline is composed primarily of hydrocarbons, including many with eight carbon atoms, called octanes. One of the cleanest-burning octanes is a compound called 2,3,4-trimethylpentane, which has the structural formula shown in the figure.
How descriptive statistics are related to data distribution : Explain how descriptive statistics are related to data distribution graphs and how effective this qualitative method is in describing population characteristics.
How would a homogenous approach arguments : compose an argument for or against the idea that the peasantry constitutes a uniform social category. How would a homogenous approach, a heterogeneous approach, or a differentiation approach that considers political economy support your argument
Evaluate the concept of administrative liaison officer : Evaluate the concept of "administrative liaison officer" as a strategy for achieving integration. Is this an example of the mutual adjustment strategy?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Explain how policy would impact potential gdp

Economic growth has increased in the past few months in the United States and driven by a surging stock market and increased confidence in the global economy, Canadians have increased optimism about the future of economic growth.

  Provide examples of reverse logistics system

Give an personal example of a reverse logistics system you have experienced as a consumer. Were you satisfied with cycle time of process and what steps did the company take to guarantee your satisfaction.

  How would this monetary policy rule depend

Show how it would work in the context of the IS-MP diagram. How would this monetary policy rule depend upon the sensitivity of investment to the real interest rate?

  Significance of time trend and seasonality

Additionally, several other configurations were also estimated. The results are shown on the following pages.  Based on this data, answer the following questions. Comment on the significance of time trend and seasonality.

  Explain what rate do you believe to be more appropriate

the state power department argues that a 5 percent discount factor should be used in evaluating the projects, because that is the government's borrowing rate. the human resources department suggests using a 12 percent rate.

  Explain how many years would it take to reduce

Explain how many years would it take to reduce the unemployment rate by 3 percentage points, assuming that the current GDP growth rate will continue into the future.

  Determine the market price for the capital stock

Describe the difference between the purchase of capital and the rental price of capital. If you know the value of marginal product from the flow of capital services, how would you determine the market price for the capital stock

  Compute the solow residual

Total population coincides with total workers and is denoted by L and compute the Solow residual and describe clearly the changes that occur to the graph and compare the final result with the initial situation

  How do the decisions differ between capitalist and socialist

What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use Who made those resources available, and why

  Explain why total saving will not increase in the long run

In the class, we discussed the Paradox of Thrift argued by John Maynard Keynes. According to the argument, even if many household decide at the same time to increase their saving, the total saving will not increase in the long run, while it leads ..

  As per what circumstances would the net welfare

As per what circumstances would the net welfare loss from an import quota exceed the net welfare loss from an equivalent tariff.

  Would it be fair to say that john is addicted to coke

After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of 25 utils. After three Cokes, he has a total utility of 50 utils. Does John show diminishing marginal utility for Coke.

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