Homework Answers
Estonia's opportunity cost of producing one cell phone = labour hours taken to produce one cell phone/ labour hours taken for per board foot of lumber
Opportunity cost = 40/8 = 5 board feet of lumber
Add Answer to:
One Cell PhoneLumber (per board 40 hours 16 hours foot) 8 hours 4 hours Estonia Finland...
19 20 Cell Phone Lumber output Output (board feet) Estonia 180 Finland 200 This table shows...
19 20 Cell Phone Lumber output Output (board feet) Estonia 180 Finland 200 This table shows the number of cellphones and board feet of lumber produced with the same number of labor hours in Estonia and Finland. The opportunity cost of producing an additional cell phone on Estonia is board feet of lumber g 21 D 1999 21 Cell Phone Lumber output Output (board feet) Estonia 180 Finland 200 This table shows the number of cellphones and board feet of...
Japan Thailand One Wristwatch 50 hours 30 hours Rice (per pound) 2 hours 1.5 hours The...
Japan Thailand One Wristwatch 50 hours 30 hours Rice (per pound) 2 hours 1.5 hours The table above shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand, What is Japan's opportunity cost of producing one wristwatch? OA. 0.04 pounds of rice OB. 4 pounds of rice OC. 25 pounds of rice OD. 40 pounds of rice
lhis Quiz: 10 pts possib One Wristwatch Rice (per pound) Japan Thailand 2 hours 1.5 hours...
lhis Quiz: 10 pts possib One Wristwatch Rice (per pound) Japan Thailand 2 hours 1.5 hours 30 hours The table above shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand. What is Japan's opportunity cost of producing one wristwatch? 0 A. 004 pounds of rice O B. 4 pounds of rice C. 25 pounds of rice O D. 40 pounds of rice Click to select your answer /23/20192 O...
Smoothies Cell phones Martha 15 per day 3 per day Kelly 10 per day 1 per...
Smoothies Cell phones Martha 15 per day 3 per day Kelly 10 per day 1 per day This table shows the how many smoothies or cell phones Martha and Kelly can each produce if they put all of their respective resources into producing that good alone. Use this information to answer the following questions: 1. Who has an absolute advantage in the production of smoothies? 2. Who has an absolute advantage in the production of cell phones? 3. What is...
Leisure Island has 50 hours of labor a day that it can use to produce entertainment...
Leisure Island has 50 hours of labor a day that it can use to produce entertainment and good food. The table shows the maximum quantity of each good that Leisure Island can produce with different quantities of labor 3. If Leisure Island produces 8 shows and 5 meals a week, do the people of Leisure Island face a tradeoff? o A. Yes, it faces a tradeoff. O B. No, it doesn't face a tradeoff 4. Suppose that Leisure Island produces...
7. The people of Foodland have 40 hours of labor a day to bake pizza and...
7. The people of Foodland have 40 hours of labor a day to bake pizza and bread. The table shows the maximum quantity of either pizza or bread that Foodland can bake with different quantities of labor Bread Labor Piztas (loaves) 20 30 40 30 50 60 es 10 20 50 Can Foodland produce 30 pizzas and 30 loaves of bread a day? lf it can, is this output efficient, do the people of Foodland face a tradeoff, and what...
4. The global cconomy has three cell phone users for every fixed line user. Two in...
4. The global cconomy has three cell phone users for every fixed line user. Two in e cell phone users lives in a developing nation and the growth rate is fastest in Africa In 2000, 1 African in 50 had a cell phone; in 2009, it was 14 in 50. Describe the changes in what, how, and for whom t n services the global economy produces. 5. Which of the entries in the list below are consumption goods and services...
Consider two neighboring island countries called Bellissima andDolorium. They each have 4 million labor hours...
Consider two neighboring island countries called Bellissima and Dolorium. They each have 4 million labor hours available per week that they can use to produce jeans, rye, or a combination of both. The following table shows the amount of jeans or rye that can be produced using 1 hour of labor.CountryJeansRye(Pairs per hour of labor)(Bushels per hour of labor)Bellissima816Dolorium520Initially, suppose Bellissima uses 1 million hours of labor per week to produce jeans and 3 million hours per week to produce...
2. U.S Production Possibilities Table Product A B C D E F Autos 0 4 8...
2. U.S Production Possibilities Table Product A B C D E F Autos 0 4 8 12 16 20 Chemicals 40 32 24 16 8 0 a. What is the opportunity cost for producing four units of autos? b. What is the opportunity cost for producing one unit of autos?
Gilberto is a skilled toy maker who is able to produce both trains and kites. He has 8 hours a day to produce toys.
Opportunity cost and production possibilities Gilberto is a skilled toy maker who is able to produce both trains and kites. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. Hours ProducingProducedChoice(Trains)(Kites)(Trains)(Kites)A8040B62310C44216D26119E08020On the following graph, use the blue points (circle symbol) to plot Gilberto's initial production possibilities frontier (PPF). Suppose Gilberto is currently using combination D, producing one train per day. His opportunity cost of producing a second train...
19 20 Cell Phone Lumber output Output (board feet) Estonia 180 Finland 200 This table shows the number of cellphones and board feet of lumber produced with the same number of labor hours in Estonia and Finland. The opportunity cost of producing an additional cell phone on Estonia is board feet of lumber g 21 D 1999 21 Cell Phone Lumber output Output (board feet) Estonia 180 Finland 200 This table shows the number of cellphones and board feet of...
Japan Thailand One Wristwatch 50 hours 30 hours Rice (per pound) 2 hours 1.5 hours The table above shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand, What is Japan's opportunity cost of producing one wristwatch? OA. 0.04 pounds of rice OB. 4 pounds of rice OC. 25 pounds of rice OD. 40 pounds of rice
lhis Quiz: 10 pts possib One Wristwatch Rice (per pound) Japan Thailand 2 hours 1.5 hours 30 hours The table above shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand. What is Japan's opportunity cost of producing one wristwatch? 0 A. 004 pounds of rice O B. 4 pounds of rice C. 25 pounds of rice O D. 40 pounds of rice Click to select your answer /23/20192 O...
Smoothies Cell phones Martha 15 per day 3 per day Kelly 10 per day 1 per day This table shows the how many smoothies or cell phones Martha and Kelly can each produce if they put all of their respective resources into producing that good alone. Use this information to answer the following questions: 1. Who has an absolute advantage in the production of smoothies? 2. Who has an absolute advantage in the production of cell phones? 3. What is...
Leisure Island has 50 hours of labor a day that it can use to produce entertainment and good food. The table shows the maximum quantity of each good that Leisure Island can produce with different quantities of labor 3. If Leisure Island produces 8 shows and 5 meals a week, do the people of Leisure Island face a tradeoff? o A. Yes, it faces a tradeoff. O B. No, it doesn't face a tradeoff 4. Suppose that Leisure Island produces...
7. The people of Foodland have 40 hours of labor a day to bake pizza and bread. The table shows the maximum quantity of either pizza or bread that Foodland can bake with different quantities of labor Bread Labor Piztas (loaves) 20 30 40 30 50 60 es 10 20 50 Can Foodland produce 30 pizzas and 30 loaves of bread a day? lf it can, is this output efficient, do the people of Foodland face a tradeoff, and what...
4. The global cconomy has three cell phone users for every fixed line user. Two in e cell phone users lives in a developing nation and the growth rate is fastest in Africa In 2000, 1 African in 50 had a cell phone; in 2009, it was 14 in 50. Describe the changes in what, how, and for whom t n services the global economy produces. 5. Which of the entries in the list below are consumption goods and services...
Most questions answered within 3 hours.
-
I calculate Rosetta Stone’s P/E ratio as 10x prior to a report
about future industry growth....
asked 47 minutes ago -
What major physiological changes account for electrodermal
activity (as in during a lie-detector test)?
asked 1 hour ago -
You are going to sell fruits & vegetables at a local
roadside market. List separately and...
asked 2 hours ago -
Hows does water affect the digestion of fats ?
asked 4 hours ago -
A buffer that contains 0.41 M of a base, B and 0.21 M of its
conjugate...
asked 4 hours ago -
Pleaaaaaaaasssssse help me please please it's more important
:((((((((((((((((((((
CASE STUDY
Nissan Company
Nissan Motor Company,...
asked 4 hours ago -
Calculate the concentration of hydronium and hyroxide ions in 1)
2.0 mol/L HNO3 2) 0.5 mol/L...
asked 5 hours ago -
In a loop-the-loop ride a car goes around a vertical, circular
loop at a constant speed....
asked 5 hours ago -
50 grams each of water (18.015 g/mol) and ethylene glycol
(C2H6O2) (62.07 g/mol) are mixed. At...
asked 5 hours ago -
The life expectancy of sport utility vehicles follows a normal
distribution with a mean of 145.8...
asked 5 hours ago -
If an object with mass of 5 kg is pushed with a force of 552 N,...
asked 5 hours ago -
Suppose your program already has a list called nums, which
contains several numbers. Write a for...
asked 5 hours ago