Question

Suppose that Paulie and Vinny each can produce ice cream or t-shirts. it shows the quantity of each good that Paulie and Vinny each can produce in one hour, respectively, if they devote all of their time and effort into making the good.

paulie can make 3 ice cream (cups)
paulie can make 18 t-shirts (quantity)

vinny can make 10 ice cream (cups)
vinny can make 11 t-shirts (quantity)


1. What is Paulie's opportunity cost of producing a cup of ice cream? (Round to two decimal places.)

2. What is Vinny's opportunity cost of producing a t-shirt? (Round to two decimal places.)


3. Paulie has a comparative advantage in _____ and Vinny has a comparative advantage in ____.

a.ice cream; t-shirts
b. t-shirts; ice cream
c.t-shirts; nothing
d.nothing; t-shirts





c.
d.

Answer 1

,jyfdyfhvk

Answer 2

.16
1.22
b

Answer 3

Do not go by the above answer. All you need to know is : what is given up (18 shirts) divided by what is gained 3 icecreams for the first one. The second is the same principle given up/gained.

Answer 4

32,25,c

Answer 5

a) 0.6 rest of them is correct from taylor

Answer 6

9.9