Calculate the marginal opportunity cost of each combination

Assignment Help Econometrics

Reference no: EM13243281

Plot the PPC of a nation with the following data.
Combination Healthcare All othergoods
A 0 100
B 25 90
C 50 70
D 75 40
E 100 0

A. Calculate the marginal opportunity cost of eachcombination.

B. What is the opportunity cost of combination C?

C. Suppose a second nation has the following data. Plot thePPC, and then determine which nation has the comparative advantagein which activity. Show whether the two nations can gain fromspecialization and trade.

Reference no: EM13243281

Questions Cloud

Find the direction of the third force acting on the object : An object acted on by three forces moves with constant velocity. One force acting on the object is in the positive x direction, Find the direction of the third force acting on the object

Which factors affect the levelof income and output : If you travel around the world, you will see tremendous variation inliving standards of the people. The world's poor countrieshave average levels of income per person, that are less thanone-tenth the average levels in the world's rich countries

Discuss japan through its transitions from : Discuss Japan through its transitions from the late nineteenth century to the early twentieth century. What were some of the major social and political changes Japan was facing during this period?

Support in the revolution : The cahiers of 1789, do they seem to be members of the middle class , or peasants, merchants, or allies to the king. which GROUPS DO THEY SUPPORT IN THE REVOLUTION ,AND WHY?

Calculate the marginal opportunity cost of each combination : Suppose a second nation has the following data. Plot thePPC, and then determine which nation has the comparative advantagein which activity. Show whether the two nations can gain fromspecialization and trade.

Compare the meiji restoration reforms of the 1870s-1890s : Compare the Meiji Restoration reforms of the 1870s-1890s with the self strengthening movement during the same period . To what extent can the Sino-Japanese War of 1894-5 be taken as a kind of referendum for the two reform programs?

Find the capacitance of this device : A parallel plate capacitor has plates 2.00 cm by 3.00 the plates are saparated by a 1.00 m thickness of teflon. find the capacitance of this device

Chinese-european and japanese-european interactions : Describe and compare Chinese-European and Japanese-European interactions in the eighteenth and early nineteenth centuries.

Calculate opportunity cost of increase in number of hours : A. Calculate the opportunity cost of an increase in the numberof hours spent studying in order to earn a 3.0 grade poingaverage(GPA) rather than a 2.0 GPA. B. Is the opportunity cost the same for a move from a 0.0 to a1.0 GPA

User Account

All Pages