oppurtunity cost, Microeconomics

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?

Posted Date: 10/10/2012 9:12:31 AM | Location : United States







Related Discussions:- oppurtunity cost, Assignment Help, Ask Question on oppurtunity cost, Get Answer, Expert's Help, oppurtunity cost Discussions

Write discussion on oppurtunity cost
Your posts are moderated
Related Questions
Pollutant Any substance, species produced either by a natural source or by human activity, which produces very adverse effect on the environment is called pollutant. Some commo

b) Sally’s firm produces granola bars with a fixed cost of 10 (this cost is already sunk). Her variable cost function is VC = q2 + 2q. Assuming the market for granola bars is comp

the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition

sir i want critics of marris''s model , i have an assginment (write critics of marris''s model)

Discuss about the language and methods of mathematics in modern economics. Language and Methods of Mathematics: This section reviews some fundamental mathematics results

Interest: A lender charges interest as the price of lending money (or some other asset) to a borrower. Interest is mainly charged as a specified percentage of the loan's value, per

Two people are engaged in a joint project. If each person i puts in the effort xi, the outcome of the project is worth f(x1, x2). Each person’s effort level xi is a number between

The reduced row echelon form of  A=    is equal to R = (a)  What can you say about row 3 of A? Give an example of a possible third row for A. (b)  Determine the values o


You are considering whether or not to go to graduate school. Well… there are many things to consider, of course, such as the type of job you would thus get, the opportunity to live