Who has the absolute advantage at making cookies

Assignment Help Microeconomics
Reference no: EM131915972

Problem

Suppose that three volunteers are preparing cookies and cupcakes for a bake sale. Diana can make 27 cookies or 18 cupcakes per hour; Andy can make 25 cookies or 17 cupcakes; and Sam can make 10 cookies or 12 cupcakes.

a. Who has the absolute advantage at making cookies?

b. At making cupcakes?

Reference no: EM131915972

Questions Cloud

Does altruism have a place in our business lives : Management scholars Rabindra Kanugo and Jay Conger remark that "‘Altruism' is a word rarely associated with the world of business," but they ask.
Who has a comparative advantage at writing : Who has a comparative advantage at writing? Suppose that Steve goes to a writing tutor and learns some tricks that enable him to write 3 pages each day.
Access the victims compensation websites in your state : Access the Victims' compensation websites in your state and the National Center for Victims of Crime website.
Which worker has an absolute advantage in counseling clients : Which worker has an absolute advantage in counseling clients? Which worker has an absolute advantage in writing memos?
Who has the absolute advantage at making cookies : Suppose that three volunteers are preparing cookies and cupcakes for a bake sale. Who has the absolute advantage at making cookies?
Have the amish taken the course we should all follow : In Wisconsin, members of the Old Order Amish religion declined to formally educate their children beyond the eighth grade.
What is the slope of the ppf between point a and point b : What is the slope of the PPF between point A and point B? What is the slope of the PPF between point B and point C?
Are americans notably independent and individualistic : Critics argue that socialism requires a uniformity, a "sameness" that would destroy the individuality Americans prize. Are Americans notably independent?
How are the career within the field of corrections projected : How are the careers within the field of corrections projected to change over the next decade? What trends are included in these changes?

Reviews

Write a Review

Microeconomics Questions & Answers

  Interests of the publishing house and those of the author

The typical way that authors get paid for writing a book is via a royalty arrangement. For every book sold, the author gets a certain percentage, something like 15 percent of the list price on hardcover sales and 10 percent for paperback. The author ..

  Explain how the removal of tariffs will change

Before 1995, the United States imposed tariffs on goods imported from Mexico. In 1995, Mexico joined NAFTA. U.S. tariffs on imports from Mexico and Mexican tariffs on imports from the United States are gradually being removed.

  Dscribe how market system gives strong incentive for

explain how the market system provides a strong incentive for technological advance and creative destruction. within

  Does human resource management (hrm) interest

Does human resource management (HRM) interest you as a career? Why or why not? What are your  periences working with human resource professionals?

  The us treasury isnt the only issuer of bonds corporations

the us treasury isnt the only issuer of bonds. corporations also issue bonds that have future payment structures like

  Explain why statement h must be less probable than f

Look again at Problems II and I. These problems involve assessments of the relative likelihood of different statements.

  Describe the firm''s risk management strategies

Describe the firm's risk management strategies.

  Professor''s introduction to module

In the readings for this module, Barbara Ehrenreich goes to Minnesota and ends up working for Wal-Mart. Also, you will be viewing two videos on Wal-Mart, both of which are harshly critical of the company. As you do the reading and view the videos, no..

  Quantities of labor supplied increases with the wage

Explain why the quantities of labor supplied increases with the wage, other things remain constant. Describe why some workers earn higher wages than other workers. Summarize the objectives of labor unions and outline strategies used to achieve these ..

  How you view the role of aprns in the fight against obesity

Find a tool, article, algorithms etc. that you find particularly helpful or interesting and post it for your peers to review. Briefly discuss how you view the role of APRNs in the fight against obesity. What unique skills do we have to offer?

  Currently considering two alternative education-work options

John lives for three periods. He is currently considering two alternative education-work options. Alternative 1: he can start working immediately, earning $100,000 in period 1, $110,000 in period 2, and $120,000 in period 3.

  Why is it necessary for all economic systems

Thomas so well, an economist at the hover institute at Stanford university, has written, "all economic systems, not only provide people with goods and services,

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