Advantage in cricket or food writing, Microeconomics

Following the tremendous success of the 'Matthew Hayden Cookbook', we are once more welcomed into the home-and, more importantly, the kitchen!- of Australia's gourmet cricketer for a feast of entertaining stories and mouth-watering recipes. ... As Matt says, 'If a cricketer can cook, surely you can have a crack at it!'

a. Does Australian test cricketer Hayden have an absolute advantage in cricket and food writing? Is this the reason for his success in both activities?

b. Does Hayden have a comparative advantage in cricket or food writing, or both of them, and is this the reason for his success in both activities?

c. Sketch a PPF between playing cricket and producing other goods and services for Hayden and for yourself.

d. How do you (and people like you) and Hayden (and people like him) gain from specialisation and trade?

 

 

Posted Date: 2/27/2013 12:09:33 AM | Location : United States







Related Discussions:- Advantage in cricket or food writing, Assignment Help, Ask Question on Advantage in cricket or food writing, Get Answer, Expert's Help, Advantage in cricket or food writing Discussions

Write discussion on Advantage in cricket or food writing
Your posts are moderated
Related Questions
Welfare Analysis 1-Of the following four institutions for allocating apartment to different people at different prices   i.  The competitive market  ii.  A discriminatin

Calculate the number of moles in 15.8 grams of aluminum hydroxide


Q. What is Corporation? A corporation is a form of business established as an independent legal entity, separate from individuals who own it. A main benefit, for owners, of thi

What is What is Critical Temperature? Why Critical Temperature is Specified in Equation? Describe critical temperature specification...

1. Explain how absolute advantage and comparative advantage differ? 2. Give an example in which a person has an absolute advantage in doing some thing but another pers

What mass (in grams) of O2 gas is present in a 36.0 L container at 673.0 K at 23.8 atm O2 pressure if the gas is ideal?

IN YOUR OWN WORDS,HOW DO YOU DIFINE TRANSPORT ECONOMICS?GIVE RELAVANT EXAMPLES OF THIS AREA OF ECONOMICS.

what are the limitations of economies of scale?