Gdp of george''s and john''s island

Assignment Help Business Economics

Reference no: EM136286

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

Reference no: EM136286

Questions Cloud

What is an advantage of using gfp fusions : What is an advantage of using GFP fusions to visualize specific proteins, instead of staining cells with fluorescently labelled probes that bind to the target protein.

White tigers are indicated with unshaded symbols : White tigers are indicated with unshaded symbols. (As you can see, there was considerable inbreeding in this lineage. For instance, the white tiger Mohan was mated with his daughter). In answering the questions, assume that hite.

The monomers are linked during phospodiester bonds : The bases in this "glyceronucleic acid" are symbolized as B, D, H, and U. The monomers are linked during phospodiester bonds and the bases form hydrogen bonds between the strands according to the following rules; for every B, there are twice as many ..

Research the current demand for a good or service : The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.

Gdp of george''s and john''s island : George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John grew 200 bunches of bananas.

Listing different orderings and coalitions : Listing different orderings and coalitions is not going to work for this problem because there are too many possibilities, excluding you can use different tools which we have discussed in class.

Electoral votes to win the election : Electoral College system take a country named know land that has. Suppose there are 9 small states in know land where each have 1 million people in.

Evaluate the factors which managers must consider : To one side maximizing profits evaluate the factors which managers must consider when making judgment to outsource or integrate forwards/backwards considering which factor would be mainly significant for decision-making.

What will be the change in free energy : Women's bladders, on average, are smaller than those of men. The distribution of bladder volume in women is approximately N (400, 75) in milliliters. Find the proportion of women's bladders with a volume between 500 and 600 ml.

User Account

All Pages