User Account

All Pages

Comparative advantage and decide to trade

Assignment Help Macroeconomics
Reference no: EM131325880

Nettie can produce either 8 cupcakes or 4 hamburgers. Becky can produce either 4 cupcakes or 8 hamburgers. Suppose that Nettie and Becky each specialize in the production of the good for which they have a comparative advantage and decide to trade. The terms of trade are 1 cupcake for 1 hamburger. After trade, how many hamburgers will Nettie consume if Becky consumes 4 hamburgers? How many cupcakes will Becky consume if Nettie consumes 4 cupcakes?

  • Nettie consumes 0 hamburgers, Becky consumes 0 cupcakes
  • Nettie consumes 0 hamburgers, Becky consumes 4 cupcakes
  • Nettie consumes 4 hamburgers, Becky consumes 0 cupcakes
  • Nettie consumes 4 hamburgers, Becky consumes 4 cupcakes

Reference no: EM131325880

Questions Cloud

Describe in detail the perma formula : Please describe in detail the PERMA formula. Which component do you feel is most important? Please describe why. Your response must be at least 500 words in length
Why are us treasury bond futures contracts designed : Explain the relationship between carry arbitrage and the implied repo rate? Define the conversion factor. Why are U.S. Treasury bond futures contracts designed with conversion factors?
Produce and complete a gantt chart using ms project software : Produce and complete a Gantt Chart using MS Project software. List the major risk factors for your project and the possible ways to mitigate this risks for your project.
What are the consequences of entering a guilty plea : State the steps in entering a guilty plea. What are the consequences of entering a guilty plea
Comparative advantage and decide to trade : Nettie can produce either 8 cupcakes or 4 hamburgers. Becky can produce either 4 cupcakes or 8 hamburgers. Suppose that Nettie and Becky each specialize in the production of the good for which they have a comparative advantage and decide to trade.
What role do effectuation and cognitive adaptability play : How do you identify entrepreneurial risks, and how might you mitigate them during the entrepreneurial process?Conversely, how do you recognize entrepreneurial opportunities, and how would you go about capitalizing on them? What role do effectuation..
What are diary mefllodologies and why are flley used : Discuss ways in which interviewers can increase flle reliability and validity of flle information flley obtain from respondents.
What is the role of police unions in shift scheduling : What is the role of police unions in shift scheduling? What impact does shift work have on family members? Do you think family should be considered in making decisions regarding which shift an officer should be employed on? Why or why not
What does it mean if a behavior is reactive : What special opportunities and problems does participant observation create for researchers?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd