Microeconomics
2nd Edition
ISBN: 9781259813337
Author: KARLAN, Dean S., Morduch, Jonathan
Publisher: Mcgraw-hill Education,
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Question
Chapter 2, Problem 14PA
To determine
(a)
To find:
Quantity of eggs family has per week.
To determine
(b)
To find: The sister who specializes in collecting milk.
To determine
(c)
To find:
Quantityof eggs that the family have per week, when sisters specialize.
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Eleanor and her little brother Josh are responsible for two chores on their family's farm, gathering
eggs and collecting milk. Eleanor can gather 18 dozen eggs or collect 6 gallons of milk per week.
Josh can gather 2 dozen eggs or collect 2 gallons of milk per week.
a. The family wants 2 gallons of milk per week and as many eggs as the siblings can gather.
Currently, they collect one gallon of milk each and as many eggs as they can. How many dozens of
eggs does the family have per week?
(Click to select) dozen eggs.
b. If the siblings were to specialized, which should collect the milk?
Eleanor
c. If the siblings were to specialize, how many dozens of eggs would the family have per week?
(Click to select) dozen eggs.
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Eleanor and her little brother Josh are responsible for two chores on their family’s farm, gathering eggs and collecting milk. Eleanor can gather 10 dozen eggs or collect 5 gallons of milk per week. Josh can gather 2 dozen eggs or collect 2 gallons of milk per week.a. The family wants 2 gallons of milk per week and as many eggs as the siblings can gather. Currently, they collect one gallon of milk each and as many eggs as they can. How many dozens of eggs does the family have per week?
b. If the siblings were to specialized, which should collect the milk?
c. If the siblings were to specialize, how many dozens of eggs would the family have per week?
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
Josiane and Nahed live in the beach town of batroun. They own a small business in which they make wristbands and pot holders and sell them to people on the beach. As shown in the table on the following page, josiane can make 30 wristbands per hour but only 6 pot holders. Nahed is a bit slower and can make only 24 wristbands or 4 pot holders in an hour.
WRISTBANDS
POT HOLDERS
josiane
30
6
Nahed
24
4
a. For Josiane and for Nahed, what is the opportunity cost of a pot holder? Who has a comparative advantage in the production of pot holders? Explain your answer.
b. Who has a comparative advantage in the production of wristbands? Explain your answer.
c. Assume that Josiane works 20 hours per week in the business. Assuming Josiane is in business on her own, graph the possible combinations of pot holders and wristbands that she could produce in a week. Do the same for Nahed
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