Author Question: Related to the Economics in Practiceon page 5: The opportunity cost to Mattel of having its Barbie ... (Read 111 times)

Bob-Dole · **on:** Apr 19, 2019

Question 1

Related to the
Economics in Practice on page 5: According to the
Economics in Practice, a majority of the $10 retail value of the Barbie doll

◦ is needed to pay for the cost of the Taiwanese plastic used to make the dolls.
◦ pays for the Chinese labor used to assemble the doll.
◦ is captured in the United States.
◦ goes to the Japanese manufacturer of the hair which is used for the dolls.

Question 2

Related to the
Economics in Practice on page 5: The opportunity cost to Mattel of having its Barbie doll assembled in China is

◦ the low wages paid to Chinese workers.
◦ the $2 export value the doll carries when it leaves Hong Kong.
◦ the $8 of its $10 retail value which is captured in the United States.
◦ having the Barbie doll assembled in the next best available location.

patma1981 · **Reply #1 on:** Apr 19, 2019

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