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

Author Question: Alternate Outputs from One Day's Labor Input: United States: 12 bushels of wheat or 3 yards of ... (Read 90 times)

kaid0807

  • Hero Member
  • *****
  • Posts: 515
on: Jun 30, 2018
Alternate Outputs from One Day's Labor Input: United States: 12 bushels of wheat or 3 yards of textiles. Great Britain: 3 bushels of wheat or 12 yards of textiles. The opportunity cost of one bushel of wheat in Great Britain is
 a. 1 yard of textiles.
 b. 3 yards of textiles.
 c. 12 yards of textiles.
  d. 4 yards of textiles.

Question 2

Private solutions often are not possible due to the costs of negotiating and enforcing these solutions. Such costs are called:
 a. transaction costs.
 b. external costs.
 c. deadweight losses.
  d. social costs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


kaid0807

  • Member
  • Posts: 515
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Labor and delivery. Labor and delivery.
The cultural script in the United States is for males to be the initiators and females the ... The cultural script in the United States is for males to be the initiators and females the ...
Examples of Muds and Clays from the United States and Around the World Examples of Muds and Clays from the United States and Around the World
Areas of the United States, Mexico, and Cuba will be affected by a rise of just 100 cm Areas of the United States, Mexico, and Cuba will be affected by a rise of just 100 cm
Weight management is such a hot topic in the United States that it is frequently Weight management is such a hot topic in the United States that it is frequently
Fraction of obese individuals by state in 1998 and 2008. In 1998, 42 states had obesity rates below Fraction of obese individuals by state in 1998 and 2008. In 1998, 42 states had obesity rates below
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library