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be beautiful be beautiful
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Posts: 483
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5 years ago
​Kites /hourSnowboards /hour
Jesse81
April123

Table 3.1


Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. Jesse's opportunity cost of painting one kite is painting:

▸ 1/12 of a snowboard.

▸ 1/8 of a snowboard.

▸ 1/3 of a snowboard.

▸ 3 snowboards.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
Read 1262 times
26 Replies
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kiyomikakiyomika
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#1
Posts: 410
Rep: 54 0
5 years ago
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More solutions for this book are available here
1
wrote...
#2
5 years ago
​Kites /hourSnowboards /hour
Jesse81
April123

Table 3.1


Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. Jesse's opportunity cost of painting one snowboard is painting:

▸ 1/8 of a kite.

▸ 1.5 kites.

▸ 8 kites.

▸ 12 kites.
wrote...
#3
5 years ago
8 kites.
wrote...
#4
5 years ago
Appreciate the effort, thank you!
zar
wrote...
#5
5 years ago
​Kites /hourSnowboards /hour
Jesse81
April123

Table 3.1


Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. April's opportunity cost of painting one kite is painting:

▸ 1/12 of a snowboard.

▸ 1/4 of a snowboard.

▸ 3 snowboards.

▸ 4 snowboards.
wrote...
#6
5 years ago
1/4 of a snowboard.
wrote...
#7
5 years ago
​Kites /hourSnowboards /hour
Jesse81
April123

Table 3.1


Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. April's opportunity cost of painting one snowboard is painting:

▸ 1.5 kites.

▸ 3 kites.

▸ 4 kites.

▸ 12 kites.
wrote...
#8
5 years ago
4 kites.
wrote...
#9
5 years ago
You make an excellent tutor!
be b. Author
wrote...
#10
5 years ago
​Kites /hourSnowboards /hour
Jesse81
April123

Table 3.1


Based on the data in Table 3.1:

▸ Jesse should specialize in both goods.

▸ Jesse should specialize in painting kites and trade for snowboards.

▸ April should specialize in both goods.

▸ Jesse should specialize in painting snowboards and trade for kites.
wrote...
#11
5 years ago
Jesse should specialize in painting kites and trade for snowboards.
wrote...
#12
5 years ago
​Kites /hourSnowboards /hour
Jesse81
April123

Table 3.1


Based on the data in Table 3.1:

▸ April should specialize in both goods.

▸ April should specialize in painting kites and trade for snowboards.

▸ Jesse should specialize in both goods.

▸ April should specialize in painting snowboards and trade for kites.
wrote...
#13
5 years ago
April should specialize in painting snowboards and trade for kites.
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