The correct answer is A. Please explain how you get that answer 17. Melissa and
ID: 1124941 • Letter: T
Question
The correct answer is A. Please explain how you get that answer
17. Melissa and Doug live on an island where they are the only two workers. To pass the time, they make toys. Melissa can either make 5 dolls or 4 toy cars a day, and Doug can either make 4 dolls or 2 toy cars a day. They each work 200 days a year. If the world price dolls is S10 and the world price of toy cars is S15, then Melissa and Doug could have as many as_ _dolls per year if they opened themselves up to trade A. 2,000 B. 1,333 C. 1,800 D. none of the aboveExplanation / Answer
Melissa Opportunity cost of doll=0.8toy car
Doug opportunity cost of doll=0.5 toy car
And price of doll=10 and toy car=15
Thus Melissa produces toy car and Doug produces Dolls.
Thus total no of dolls=4*200=800.
Ans is d
AnsA is not possible because even if both Melissa and Doug, uses all their time in production of Dolls, then also they cant make 2000
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.