This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Beth can paint 2 T-shirts in an hour while her brother can paint 1 T-shirt in an hour. However, her ... (Read 54 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
on: Jun 30, 2018
Beth can paint 2 T-shirts in an hour while her brother can paint 1 T-shirt in an hour. However, her brother can paint 2 walls in an hour while she can paint only one. Who should specialize in which activity and why?
 
  What will be an ideal response?

Question 2

The formula of the equation of exchange is
 
  A) MS = VPY. B) MSV = PY. C) MS/P = Y. D) MS = Y.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 30, 2018
Answer to Question 1

The opportunity cost of painting a T-shirt for Beth is 1/2 a wall and the opportunity cost of painting a T-shirt for her brother is 2/1 or 2 walls. Therefore, Beth has a comparative advantage in painting T-shirts and should specialize in it. The opportunity cost of painting a wall for Beth is and the opportunity cost of painting a wall for her brother is 1/2 a T-shirt. Therefore, her brother has a comparative advantage in painting walls and should specialize in painting walls.

Answer to Question 2

B


HCHenry

  • Member
  • Posts: 591
Reply 2 on: Jun 30, 2018
Gracias!

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Three days after the Boston Marathon explosion, the FBI released this photograph that had been taken Three days after the Boston Marathon explosion, the FBI released this photograph that had been taken
(B) Urine collection cup; (C) 24-hour urine container. (B) Urine collection cup; (C) 24-hour urine container.
This couple, a brother and sister in Germany and the proud parents of this child, are challenging ... This couple, a brother and sister in Germany and the proud parents of this child, are challenging ...
Ramose's Brother May And His Wife Werener Ramose's Brother May And His Wife Werener
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Graph Liters per Hour Graph Liters per Hour
Video: Integumentary Anatomy

For a complete list of videos, visit our video library