9/2018 11:00 PM 57.1/100 Grad Print CalculatorPeriodic Table on 6 of 7 Map Sapli
ID: 1133409 • Letter: 9
Question
9/2018 11:00 PM 57.1/100 Grad Print CalculatorPeriodic Table on 6 of 7 Map Sapling Learning Suppose that Paulie and Vinny each can produce ice cream or t-shirts. The table below shows the quantity of each good that Paulie and Vinny each can produce in one hour, respectively, if they devote all of their time and effort into making the good. 1. What is Paulie's cup of ice cream? (Round to two decimal places.) Ice Cream T-Shirts (cups) (quantity) ity cost of producing a Paulie Vinny 2.00 9.00 17.00 115.00 Number t-shirts 2 Whatis Vinny's opportunity cost ofroducing a t shirt? (Round to two decimal places.) Number cups of ice cream 3. Paulie has a comparative advantage inand Vinny has a comparative advantage in_ O ice cream; t-shirts O t-shirts, ice cream O t-shirts; nothing O nothing: 1-shints Previous8 Give Up&View Solution Check Answer Ned Ext Hint tus |careers privacy policy terms of use contact us helpExplanation / Answer
a.
Paulie's opporunity cost of producing a cup of ice cream
=17/2=8.50 t-shirts
b.
Vinny's opporunity cost of producing a T-shirt
=9/15
=0.60 cups of ice cream
c.
t-shirts; ice cream
because Paulie can make t-shirts at low opporunity cost while Vinny can make ice cream at low opporunity cost
the above is answer..
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