Question :
121.RefertoTable3-27.Huanghasanabsoluteadvantageintheproductionof
a.parasolsandacomparativeadvantageintheproductionofparasols.
b.parasolsandacomparativeadvantageintheproductionofplates.
: 1262259
121.RefertoTable3-27.Huanghasanabsoluteadvantageintheproductionof
a.parasolsandacomparativeadvantageintheproductionofparasols.
b.parasolsandacomparativeadvantageintheproductionofplates.
c.neithergoodandacomparativeadvantageintheproductionofparasols.
d.neithergoodandacomparativeadvantageintheproductionofplates.
122.RefertoTable3-27.Minhasanabsoluteadvantageintheproductionof
a.platesandacomparativeadvantageintheproductionofplates.
b.parasolsandacomparativeadvantageintheproductionofplates.
c.neithergoodandacomparativeadvantageintheproductionofparasols.
d.neithergoodandacomparativeadvantageintheproductionofplates.
123.RefertoTable3-27.AssumethatHuangandMineachhas36laborhoursavailable.Originally,eachpersondividedhis/hertimeequallybetweentheproductionofparasolsandplates.Now,eachpersonspendsalltheirtimeproducingthegoodinwhichtheyhaveacomparativeadvantage.Asaresult,thetotaloutputofplatesincreasedby
a.0.
b.1.5.
c.3.
d.9.
124.RefertoTable3-27.AtwhichofthefollowingpriceswouldbothHuangandMingainfromtradewitheachother?
a.15parasolsfor10plates
b.15parasolsfor6plates
c.15parasolsfor3plates
d.HuangandMincouldnotbothgainfromtradewitheachotheratanyprice.
Table3-28
BarbandJimrunabusinessthatsetsupandtestscomputers.AssumethatBarbandJimcanswitchbetweensettingupandtestingcomputersataconstantrate.Thefollowingtableapplies.
MinutesNeededto
NumberofComputersSetUporTestedina40-HourWeek
SetUp1Computer
Test1Computer
ComputersSetUp
ComputersTested
Barb
48
?
50
40
Jim
30
40
80
60
125.RefertoTable3-28.Barb’sopportunitycostofsettinguponecomputeristesting
a.4/5computerandJim’sopportunitycostofsettinguponecomputeristesting3/4computer.
b.4/5computerandJim’sopportunitycostofsettinguponecomputeristesting4/3computers.
c.5/4computersandJim’sopportunitycostofsettinguponecomputeristesting3/4computer.
d.5/4computersandJim’sopportunitycostofsettinguponecomputeristesting4/3computers.
126.RefertoTable3-28.Barb’sopportunitycostoftestingonecomputerissettingup
a.4/5computerandJim’sopportunitycostoftestingonecomputerissettingup3/4computer.
b.4/5computerandJim’sopportunitycostoftestingonecomputerissettingup4/3computers.
c.5/4computersandJim’sopportunitycostoftestingonecomputerissettingup3/4computer.
d.5/4computersandJim’sopportunitycostoftestingonecomputerissettingup4/3computers.
127.RefertoTable3-28.Barbhasanabsoluteadvantagein
a.bothsettingupandtestingcomputersandacomparativeadvantageinsettingupcomputers.
b.bothsettingupandtestingcomputersandacomparativeadvantageintestingcomputers.
c.neithersettingupnortestingcomputersandacomparativeadvantageinsettingupcomputers.
d.neithersettingupnortestingcomputersandacomparativeadvantageintestingcomputers.
128.RefertoTable3-28.Jimhasanabsoluteadvantagein
a.bothsettingupandtestingcomputersandacomparativeadvantageinsettingupcomputers.
b.bothsettingupandtestingcomputersandacomparativeadvantageintestingcomputers.
c.neithersettingupnortestingcomputersandacomparativeadvantageinsettingupcomputers.
d.neithersettingupnortestingcomputersandacomparativeadvantageintestingcomputers.
Table3-29
JuanitaandShantalarunabusinessthatprogramsandtestscellularphones.AssumethatJuanitaandShantalacanswitchbetweenprogrammingandtestingcellularphonesataconstantrate.Thefollowingtableapplies.
MinutesNeededto
NumberofCellularPhonesProgrammedorTestedina40-HourWeek
Program1CellularPhone
Test1CellularPhone
CellularPhonesProgrammed
CellularPhonesTested
Juanita
?
2
160
1200
Shantala
10
4
240
600
129.RefertoTable3-29.Juanitahasanabsoluteadvantagein
a.programmingcellularphonesandacomparativeadvantageinprogrammingcellularphones.
b.programmingcellularphonesandacomparativeadvantageintestingcellularphones.
c.testingcellularphonesandacomparativeadvantageinprogrammingcellularphones.
d.testingcellularphonesandacomparativeadvantageintestingcellularphones.
130.RefertoTable3-29.Juanita’sopportunitycostofprogrammingonecellularphoneistesting
a.7.5cellularphonesandShantala’sopportunitycostofprogrammingonecellularphoneistesting5/2cellularphones.
b.2/15cellularphonesandShantala’sopportunitycostofprogrammingonecellularphoneistesting5/2cellularphones.
c.7.5cellularphonesandShantala’sopportunitycostofprogrammingonecellularphoneistesting2/5cellularphones.
d.2/15cellularphonesandShantala’sopportunitycostofprogrammingonecellularphoneistesting2/5cellularphones.