Using the information in Figure 2 11 Jills opportunity cost of fetching each

Using the information in figure 2 11 jills

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86.Using the information in Figure 2-11, Jill's opportunity cost of fetching each additional pail is a.2 boards sawedb.1/2 of a board sawedc.8 boards sawedd.1/5 of a board sawede.10 boards sawedANS: APTS:1DIF:3NAT:Financial theories, analysis, reporting, and marketsLOC:Gains from trade, specialization and tradeTOP:Further Gains to Specialization: Comparative Advantage 87.According to the information in Figure 2-11, 88.According to the information in Figure 2-11, Jill's opportunity cost of sawing a board is
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Figure 2-12 Bob Tom Political Jokes per day 10 11 Celebrity Jokes per day 2 12 89.Suppose Bob and Tom are writing jokes for a their new TV show. Suppose there are two types of jokes, political jokes and jokes about celebrities. The number of jokes that can be produced by each person in each category are listed in Figure 2-12. From this table they should 90.Suppose Bob and Tom are writing jokes for a their new TV show. Suppose there are two types of jokes, political jokes and jokes about celebrities. The number of jokes that can be produced by each person in each category are listed in Figure 2-12. From this table you can tell that a.Bob has an absolute advantage in bothpolitical and celebrity jokesb.Tom has an absolute advantage in bothpolitical and celebrity jokesc.Bob has an comparative advantage in both political and celebrity jokesd.Tom has an comparative advantage in both political and celebrity jokese.there are no gains from specializationANS: BPTS:1DIF:2NAT:Financial theories, analysis, reporting, and marketsLOC:Gains from trade, specialization and tradeTOP:Further Gains to Specialization: Comparative Advantage
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