ZuoTi.Pro
Question

Question 1 Explain scarcity, choices and opportunity costs for a maid who comes from Indonesia to Malaysia for employment. (a) [18 marks] (b) Elaborate on the main differences between equity and efficiency. [12 marks]
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Scare ince the maid Wlha Comes Pron Tndenasia to rnalugi a b.cause asんe all know and hvir Scasy 7obs. Hente rmaid decided to teto mo al a Now hege She has to make of Choke becaue ack op Options an mn decided to Pos Tt4laSia. Hese the mad is yong pof O. eanhTndonesa, E qu (n)Its basic mea n; distsibutionof (1Jts basic Paiy the Rs At hith least humber | urces ore dist menne , to the 여m aoises and hence hord to achiete acheivabe ba

0 0
Add a comment
Know the answer?
Add Answer to:
Question 1 Explain scarcity, choices and opportunity costs for a maid who comes from Indonesia to...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Economics Question 1- Explain the relation between resources, scarcity, opportunity cost, and production

    Economics Question 1- Explain the relation between resources, scarcity, opportunity cost, and production

  • 1）How do the concepts of opportunity costs and marginal thinking, affect the way we make choices....

    1）How do the concepts of opportunity costs and marginal thinking, affect the way we make choices. Give examples. 2）(a) Explain what can we learn from a country's production possibilities curve (ppf)? (b) What can cause the ppf to shift inward or outward?

  • ulz: SLO1&SLO 2 Scarcity and Opportunity Co (Copy) is Question: 1 pt 3 of 8 (2...

    ulz: SLO1&SLO 2 Scarcity and Opportunity Co (Copy) is Question: 1 pt 3 of 8 (2 complete) This Quiz: Tom's lawn service specializes in mowing lawns and trimming bushes. Tom has 4 hours to devote to lawn services. In 1 hour, he can mow 4 lawns or trim 6 bushes Use the line drawing tool to graph Tom's production possibilities frontier given he has 4 hours to devote to lawn services. Properly label this line Carefully follow the instructions above,...

  • Explain how marginal costs, direct costs and opportunity costs are different. Use an example from your...

    Explain how marginal costs, direct costs and opportunity costs are different. Use an example from your personal life to illustrate each concept. Do you agree with Robert Moses’ ideas of wiping out cities that are an "impediment to new growth"? (see Scarcity and Eminent Domain) Why or why not? Using Table 1, create one graph that illustrates all three lawnmowers’ Marginal Costs (Beth, Jim and Susan). Using Table 1, for each mower, identify if the Marginal Cost and Total Cost...

  • Explain the relation between resources, scarcity, opportunity cost, and production. Sarah and her boyfriend Mike want...

    Explain the relation between resources, scarcity, opportunity cost, and production. Sarah and her boyfriend Mike want to save some money to pay for their wedding. So they decided to help people in the neighborhood by cleaning their garages and mowing lawns. Sarah takes 60 minutes to clean a garage and 80 minutes to mow a lawn. Mike takes 80 minutes to clean a garage and 80 minutes to mow a lawn. Sarah and Mike devote 10 hours per week each...

  • Explain how marginal costs, direct costs and opportunity costs are different. Use an example from your...

    Explain how marginal costs, direct costs and opportunity costs are different. Use an example from your personal life to illustrate each concept. Do you agree with Robert Moses’ ideas of wiping out cities that are an "impediment to new growth"? (see Scarcity and Eminent Domain) Why or why not? Using Table 1, create one graph that illustrates all three lawnmowers’ Marginal Costs (Beth, Jim and Susan). Using Table 1, for each mower, identify if the Marginal Cost and Total Cost...

  • QUESTION 1 150 Marks] a) A Coal from Indonesia which has an ultimate analysis (by mass) as 67.40 ...

    QUESTION 1 150 Marks] a) A Coal from Indonesia which has an ultimate analysis (by mass) as 67.40 % C, 5.31 % Нг, 15.11 % 02, 1.44 % N2, 2.36 % S, and 8.38 % ash (non-combustibles) The coal is burned with 40% excess air. Determine: 1. The total mole number of the coal Marks] 2. The mole fractions of each component of the [7 Marks] 3. Stoichiometric combustion equation [12 coal Marks] 4. The mass of air required per...

  • As a Thai entrepreneur who imports from a Chinese manufacturing company, you need to explain the...

    As a Thai entrepreneur who imports from a Chinese manufacturing company, you need to explain the main cultural differences between Thailand and China to your management staff, according to the GMP Group recommendations (separate file): “Understanding Asian and European Business Culture” Please tell us, what you would do according to this article: 1. How do you understand the cultural differences between Chinese and Thai businesses? 2. What does it take for a Thai company to make a business deal with...

  • plz solve these question 10 When the attitude changes from 1.000 to 1.500 the air density...

    plz solve these question 10 When the attitude changes from 1.000 to 1.500 the air density changes from. 831 to 678. The is a relationship between attitude and air density 11. Solve for x in the following equation: -18 +4(6-2): 12. Identify the elements of scarcity, choice, and opportunity cost in each of the following The Environmental Protection Agency is considering an order that a 500 acre area on the outskirts of a large city be preserved in its natural...

  • 2. The graph below represents our choices between the production of food and biofuels as discussed...

    2. The graph below represents our choices between the production of food and biofuels as discussed in the news article "Fuel v. Food" (Files-News Articles-Basic Econ Concepts). 20 18 16 n 14 E 12 10 4.5 Q biofuel (thousands of gallons) a. Compute below and show on the graph the opportunity cost of increasing biofuel production from 1 to 2 thousand gallons? (2) b. How does the opportunity cost of increasing biofuel production from 0 to 1.5 thousand gallons compare...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT