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Unformatted text preview: Homework #1 Due Date: Friday, February 11th Note: Only one randomly selected question will be graded. Question 1 See the table 1 in the next page. (a) Take a point per game as the horizontal line, and take a rebound per game as the vertical line. Plot all players’ stats. (b) Find a point representing Bryant and denote B. And find a point representing Howard and denote H. (c) Calculate a slope between B and H. (d) Find a point representing Camby and denote C. Calculate an area for a triangle CBH. Question 2 Robinson can fish 5 tunas or pick 10 coconuts in one hour, while Friday can fish 15 tunas and pick 60 coconuts in one hour. (a) Fill the table 2. (b) Both Robinson and Friday work only 8 hours a day. Draw the 1 day’s production possibility frontier for Robinson and Friday. (c) What is Robinson’s opportunity cost for fishing 1 tuna? What is Robinson’s op portunity cost for picking 1 coconut? What is Friday’s opportunity cost for fishing 1 tuna? What is Friday’s opportunity cost for picking 1 coconut?1 tuna?...
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 Spring '11
 Doolittle
 Math, Opportunity Cost, Supply And Demand

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