Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
be beautiful be beautiful
wrote...
Posts: 483
Rep: 9 0
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 1263 times
26 Replies
Replies
Answer verified by a subject expert
kiyomikakiyomika
wrote...
Posts: 410
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
wrote...
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...
5 years ago
8 kites.
wrote...
5 years ago
Appreciate the effort, thank you!
zar
wrote...
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...
5 years ago
1/4 of a snowboard.
wrote...
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...
5 years ago
4 kites.
wrote...
5 years ago
You make an excellent tutor!
be b. Author
wrote...
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...
5 years ago
Jesse should specialize in painting kites and trade for snowboards.
wrote...
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...
5 years ago
April should specialize in painting snowboards and trade for kites.
  New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1635 People Browsing
Related Images
  
 51
  
 351
  
 216
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 436

Previous poll results: Who's your favorite biologist?