macroeconomics 202 Rose and Sharon’s hourly productivity

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1st question:

Consider two individuals, Rose and Sharon, who produce fish and coconuts. Rose and Sharon’s hourly productivity are shown in Table 3.2. Rose’s opportunity cost of producing 1 fish is:

Answers:

2nd Q:

Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. From the table, we can conclude that:

Answers:

3rd Q:

  • Table 3.1 illustrates Willy and Blythe’s hourly production for apples and carrots. From the table, we can conclude that:if Willy and Blythe choose to specialize and trade, then:

    Answers:

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