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What are each individual’s opportunity costs of producing fish and rabbit? Which person has an absolute advantage in producing f

Anna007 [38]

<h2>The following are each individuals opportunity cost, absolute advantage, and comparative advantage in producing fish and rabbits: </h2>

<h3><u>Opportunity cost: </u></h3>

The individual who is producing rabbits pays the opportunity cost for not producing fish, whereas, the individual who is producing fish pays the opportunity cost for not producing rabbits.

<h3><u>Absolute advantage: </u></h3>

The individual who bears the lowest marginal cost in producing rabbits has an absolute advantage in producing rabbits and the one who bears the lowest marginal cost is producing fish has an absolute advantage in producing fish.

<h3><u>Comparative advantage: </u></h3>

The individual who has the lowest opportunity cost in producing fish instead of rabbits has a comparative advantage in producing fish and the one who has the lowest opportunity cost in producing rabbits instead of fish has a comparative advantage in producing rabbits.

6 0

4 years ago

Juan is a very smart individual in a company. While he works hard, he sometimes is perceived by his co-workers as condescending.

andrew-mc [135]

Answer:

It contains the "Blind Self"

Explanation:

The Johari Window is a cognitive psychology tool created by psychologists Joseph Luft and Harry Ingham to illustrate the processes of human interaction. This model of analysis illustrates the process of communication and analyzes the dynamics of personal relationships. It attempts to explain the flow of information from two points of view, exposure and feedback, which illustrates the existence of two sources: the "others" and the "I".

The Blind Self when we talk about the Johari window model we talk about a main key or concept; BLIND (area/self/spot) which refers to those areas about which the person himself/herself is unaware while others are aware of. it is one of the key concepts

8 0

4 years ago

What do you think are some of the risks and challenges associated with performing so many hypothesis tests? what would you do to

Aloiza [94]

The risks and challenges associated with performing so many hypothesis tests nearly all null hypotheses are false on a priori grounds.

A hypothesis is a supposition, an idea put forward for the purpose of discussion, that can be tested to see if it is true. Hypotheses are formed before the is implemented.

Hypotheses are usually written as if/then statements. B. If someone eats a lot of sugar, they will get cavities in their teeth. These statements identify a particular variable (in this case, eating a lot of sugar) and imply an outcome (in this case, the tooth develops cavities).

Hypotheses are used to define the relationship between two variables in an experiment. The purpose of a hypothesis is to find an answer to a question. Formalized hypotheses make us think about what kind of results we should be looking for in our experiments. The first variable is called the independent variable.

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6 0

2 years ago

Larry was accepted at three different graduate schools, and must choose one. Elite U costs $50,000 per year and did not offer La

Monica [59]

Answer: $15,000

Explanation:

Given that,

Elite U:

Costs $50,000 per year

Larry values attending Elite U = $60,000 per year

State College:

Costs = $30,000 per year

Offered Larry an annual scholarship = $10,000

Larry values attending State College = $40,000 per year

No Name U:

Costs = $20,000 per year

Offered Larry a full annual scholarship = $20,000

Larry values attending No Name = $15,000 per year

Larry gets economic surplus from:

Elite U = $60,000 - $50,000

= $10,000

State college = $40,000 + $10,000 - $30,000

= $20,000

No Name U = $15,000 + $20,000 - $20,000

= $15,000

State college > No Name > Elite U

Therefore, the opportunity cost of attending State college is the value of the next best alternative that is No Name U.

Hence, the opportunity cost is $15,000.

3 0

3 years ago

From a macroeconomic point of view, which is not an example of a source for funds when governments are borrowers?

Likurg_2 [28]

The correct option is (A) central bank prints more money.

Indian nationalised banks include Central Bank of India. One of India's oldest and biggest nationalised commercial banks, it is owned by the Ministry of Finance, the country's government. Its headquarters are in Mumbai, the financial and administrative centre of the Indian state of Maharashtra.

The health of the financial system, as well as economic and monetary policy, are all under the control of central banks. These organisations regulate a nation's money supply and set interest rates. One of the most potent central banks in the world is the U.S. Federal Reserve.

Disclaimer

When governments are borrowers in financial capital markets, which of the following is least likely to be a possible source of the funds from a macroeconomic point of view?

A. central bank prints more money

B. increase in household savings

C. decrease in borrowing by private firms

D. foreign financial investors

Learn more about central banks here

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6 0

2 years ago