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Subject:
Micro
Category: Business and Money > Economics Asked by: k9queen-ga List Price: $17.00 |
Posted:
05 Oct 2003 12:38 PDT
Expires: 04 Nov 2003 11:38 PST Question ID: 262904 |
1)Assume that in one hour workers in Country One can produce 12 bushels of wheat in one hour or in one hour workers can produce 6 televisions. For Country One the cost of producing one unit of wheat is: a)2 televisions b)6 televisions c)1/2 a television d)none of the above 2)Assume that in one hour workers in Country Two can produce 3 bushels of wheat or in one hour workers can produce 1 television. For Country Two the cost of producing one unit of wheat is: a)1/3 a television b)1 television c)3 televisions d)none of the above 3)Assume that in one hour workers in Country One can produce 12 bushels of wheat or in one hour workers can produce 6 televisions. Assume that a unit of wheat is selling for $60 in Country One. If a producer in Country One is indifferent between producing wheat or televisions then the price of a television in Country One must be equal to: a)$120 b)$30 c)$60 d)$180 4)Assume that in one hour workers in Country Two can produce 3 bushels of wheat or in one hour workers can produce 1 television. Assume that a unit of wheat is selling for $60 in Country Two. If a producer in country Two is indifferent between producing wheat or televisions then the price of a television in Country Two must be equal to: a)$180 b)$20 c)$60 d)$120 5)Assume that in one hour workers in Country One can produce 12 bushels of wheat or in one hour workers can produce 6 televisions. For Country One the cost of producing one television is: a)three units of wheat b)twelve units of wheat c)two units of wheat d)1/3 unit of wheat |
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Subject:
Re: Micro
Answered By: scriptor-ga on 05 Oct 2003 13:18 PDT |
Dear k9queen, 1. The answer is: c)1/2 a television 2. The answer is: a)1/3 a television 3. The answer is: a)$120 4. The answer is: a)$180 5. The answer is: c)two units of wheat Hope this answers your questions. Regards, Scriptor |
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