Tom can produce 40 balls per hour or 4 bats per hour tessa

Assignment Help Econometrics
Reference no: EM13378188

Tom can produce 40 balls per hour or 4 bats per hour. Tessa can produce 80 balls per hour or 4 bats per hour.
a. calculate Tom's opportunity cost of producing a ball.
b. calculate Tessa's opportunity cost of producing a ball.
c. who has a comparative advantage in producing balls?

Reference no: EM13378188

Questions Cloud

Allocation and proration of overhead tamden inc prints : allocation and proration of overhead. tamden inc. prints custom marketing materials. the businesswas started january 1
Accounting for stock options intel granted stock options to : accounting for stock options. intel granted stock options to employees on december 31 2007 permitting them to purchase
Jason enjoys dvds and spy novels and spends 60 a month on : jason enjoys dvds and spy novels and spends 60 a month on them. the price of a dvd is 20 and the price of a spy novel
What is the effect on the price of a recordable cd and the : what is the effect on the price of a recordable cd and the quantity of recordable cds sold ifa. the price of an mp3
Tom can produce 40 balls per hour or 4 bats per hour tessa : tom can produce 40 balls per hour or 4 bats per hour. tessa can produce 80 balls per hour or 4 bats per hour.a.
The night before an economic exam you decide to go to the : the night before an economic exam you decide to go to the movies instead of staying home and working your myeconlab
Describe various revenue models available as video content : describe various revenue models available as video content shifts from atoms to bits. what are the advantages and
Suppose that in 1984 the total output in a single-good : suppose that in 1984 the total output in a single-good economy was 10000 buckets of chicken and the price of each
The federal reserve buys bonds in the open market an open : the federal reserve buys bonds in the open market an open market purchase. what are the affects on monetary base the

Reviews

Write a Review

Econometrics Questions & Answers

  How much will the company have to set aside in 4 years

Southwestren Moving and storage wants to have enough money to purchase a new tractor-trailor in 5 years at a cost of $290,000. If the company set aside $100,000 in 2 years and $75,000 in 3 years how much will the company have to set aside in 4 yea..

  What is the minimum number of hours the higher initial cost

A Graybar motor costs $7000 and has an electrical efficiency of 89%. A Blueball motor costs $6000 and has 85% efficiency. Neither motor would have any salvage value, since the cost to remove it would equal its scrap value.

  Forecasting methods or techniques

When the more current observations are more relevant to estimate of next period than previous observations, the naive forecasting method to employ is

  What were carolines implicit costs in her new job

Caroline received a $1 million payment from a lottery ticket. She decided to use the money to purchase a cupcake business. If Caroline had invested the $1 million in a money market account, she would have made $30,000 in interest each year.

  Find how large is the total fixed costs for each firm

There are currently 10 identical firms in the perfectly competitve gadget manufacturing industry. Each firm operates in the short run with a total fixed cost of F and total variable cost of 2Q^2, where Q is the number of of gadgets produced by eac..

  What will be the total revenue and consumers surplus

Assume that government ownership doesn't affect the cost of supplying gas. If the government's objective is to maximize the net benefit (social welfare) to the community as a whole, what price should be set

  Determine the output per worker

In this question we are going to incorporates investment in human capital by agents, in a form similar to physical capital. Labor units are replaced by human capital units Y = AK?(?H)1?? where • H ? Units of Human Capital • ? ? [0, 1] ? Fraction of..

  Identify the set of all pareto efficient allocations

Identify on your diagram the set of all Pareto efficient allocations. (c) Suppose each good has a market price of 1. Illustrate on yourdiagram the bundles demanded by each consumer. Is this a competitive equilibrium

  How should the food be allocated without letting person

How should the food be allocated if they want to maximise their use/utility If person no. 2 needs a utilitylevel of at least 5 to survive, how should the food be allocated if they still want to maximise their use, without letting person no. 2 die.

  What is the market equilibrium quantity of tortillas

The market for tortillas is perfectly competitive, with market demand for packages of tortillas given by P=1 .-00002Q, with price in dollars per package and Q in thousands of packages. The short-run marginal cost curve for a typical tortilla facto..

  What will the company pay in income tax

A company wants to set up a new office in Swaziland. The corporate tax rate there is 15% for the first $50K profits, 25% for the next $25K, 34% for the next $25K, and 39% for anything over $100K. Executives estimate, for the first year

  What was the equivalent end-of-year cost of the strike

A 40-day strike at Boeing resulted in 50 fewer deliveries of commercial jetliners at the end of the first quarter of 2000. At a cost of $20 million per plane, what was the equivalent end-of-year cost of the strike(i.e., end of fourth quarter)

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