Homework Answers
Lan's opportunity cost of :
nuts = 140/100 = 1.4 (= max production of bolts/ max. production of nuts)
bolts = 100/140 = 0.714
Dan's opportunity cost of :
nuts = 300/150 = 2
bolts = 150/300 = 0.5
Lan would sell (export) nuts and Dan would sell (export) bolts. (person with lower opportunity cost produces/sells that particular good)
An acceptable rate of exchange of nuts for bolts (price of bolts) for them would be 0.6 nuts for 1 bolt. (it should lie between the opportunity costs of Lan and Dan for bolts)
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I need help with all these l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で...
I
need help with all these
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farmer can produce per year on a given acre. Each farmer chooses
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Drop down options:
lemon
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neither coffee nor lemons
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need help with all these
l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で Name and Dot Number Multiple Choice Questions 1. Which of the following is not considered an economic resource? A. Real estate B. A personal relationship C. Cash D. These are all examples of a resource. 2. Which of the following economic decisions would most likely be studied by a macroeconomist? A. Domino's Pizza decides to provide quantity discounts in order to increase revenue B....
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questions:
1. As a junior member of your company’s committee to
explore new markets, you have received a memo from the chairperson
telling you to be prepared at the next meeting to discuss key
questions that need to be addressed if the company decides to look
further into the possibility of marketing to the BOP segment. The
ultimate goal of this meeting will be to establish a set of general
guidelines...
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...
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