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A.2.4.1 Teaching Quiz

A.2.4.1 Teaching Quiz

Q Question 1 1 / 1 pts Table 3.1 Consider two individuals, Willy and Blithe, who produce carrots and apples. Table 3.1 shows how much of each good Willy and Blithe can produce in one hour. Which of the following is true? Question 2 1 / 1 pts Table 3.2 Consider two individuals, Rose and Sharon, who produce fish and coconuts. Rose and Sharon's hourly productivity are shown in Table 3.2. Sharon's opportunity cost of producing 1 coconut is: Question 3 1 / 1 pts Table 2-3 Serena Haley Bracelets 8 9 Necklaces 16 12 Table 2-3 shows the output per week of two jewelers, Serena and Haley. They can either devote their time to making bracelets or making necklaces. Refer to Table 2-3. What is Serena's opportunity cost of making a bracelet? Question 4 1 / 1 pts Table 3.1 Based on the data in Table 3.1: Question 5 1 / 1 pts Figure 2-7 Figure 2-7 shows the production possibilities frontiers for Pakistan and Indonesia. Each country produces two goods, cotton and cashews. Refer to Figure 2-7. What is the opportunity cost of producing 1 pound of cashews in Pakistan?

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1.Willy has an absolute advantage in producing both goods. 2.1 1/3 fish. 3.2 necklaces 4.Willy should specialize in carrots and trade for apples. 5.1 3/5 bolts of cotton