Gdp of georges also johns island in terms of clamshells

Assignment Help Business Economics
Reference no: EM1320233

Q. George also John, stranded on an island, utilize clamshells for money. Last year George caught 300 fish also 5 wild boars. John grew 200 bunches of bananas. In the 2-person economy that George also John set up, fish sell for 1 clamshell each, boars sell for 10 clamshells each also bananas go for 5 clamshells a bunch. George paid John a total of 30 clamshells for helping him to dig bait for fishing also he also purchased five of John's mature banana trees for 30 clamshells each. Illustrate what is the GDP of George's also John's island in terms of clamshells?

Reference no: EM1320233

Questions Cloud

Bank manager advises all of his loan officers : A bank manager advises all of his loan officers that the average cost of funds for the bank over the past year
Airways experienced huge losses for several years : U.S. Airways experienced huge losses for several years in the 1990s, yet it continued to operate its fleets.
Potentially compromise national security : You are a journalist for an up-and-coming online news website. You are inadvertently given some information that you know would increase your website's popularity, but could potentially compromise national security. How might you handle the story?..
Calculating the location measures and dispersion measures : Calculate the difference in the average "clutter" between network and TV.
Gdp of georges also johns island in terms of clamshells : Illustrate what is the GDP of George's also John's island in terms of clamshells.
Imagine the force is acting horizontally against the top : A person walks 36° north of east for 2.36 km. How far would another person walk due north and due east to arrive at the similar location.
Ceo of public corporations : Recent legislation requires CEOs of public corporations to sign an affidavit stating that all accounting put forth by the company is accurate and not misleading. Obviously, the CEOs do not personally perform this accounting.
Find the probability of making a type ii error : Find the probability of making a Type II error.
Include any important points or conversions : Make sure to include any important points or conversions. Please provide a copy of the article when turning in the paper so it can be reviewed.

Reviews

Write a Review

Business Economics Questions & Answers

  Walras equilibrium with two consumers and two commodities

Walras Equilibrium with two consumers and two commodities, given endowments and preferences for both consumers.

  What a manufacturer of each product might do

Describe what a manufacturer of each product might do in the short run to raise production.

  Production function exhibits

By using calculus show that the production function exhibits diminishing returns to labor.

  Example of multiple equilibria in the labour market

Elucidate using the example of multiple equilibria in the labour market. Illustrate diagrammatically

  Assume which the market for avocados perfectly competitive

Assume which the market for avocados is perfectly competitive. The typical agribusiness firm is earning positive economic profit in the short-run equilibrium.

  Equilibrium price of hoods to the truck manufacturer

Illustrate what would be the new equilibrium price of hoods to the truck manufacturer.

  Assuming which the budget stays the same except

Assuming which the budget stays the same except for the interest on the debt for 10 yrs which will be accumulated debt

  Person nominal income and their real income

Explain the difference between a person's nominal income and their real income. Why is real income more important to that person.

  Mysterious in bovine infertility

Suppose that a mysterious in bovine infertility decreases both the population of dairy cows and the population of beef cattle by 50%.

  Size of the economys recessionary- inflationary gap

illustrate what was the size of the economy's recessionary, inflationary gap

  When the economy is at the point of full employment

When the Economy is at the point of Full Employment, is the Unemployment Rate zero percent.

  How the strength of the economy as a whole could affect

Elucidate how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated with a decision to purchase a home.

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