Solved

The Existing Entries in the Following Table Show the Maximum

Question 146

Essay

The existing entries in the following table show the maximum quantities of milk shakes or fruit smoothies the college president and dining hall staffer could make during an afternoon shift, given a fixed amount of resources.
a. Fill in the remaining part of the table (be sure to label the units) and answer the questions below.  Number of  Milk  Shakes per  Shift  Number of  Simoothies  Opportunity  Cost of 1  Simoothie  Opportunity  Cost of 1 Milk  Slake  President 5025 Dining Hall  Staffer 9030\begin{array} { | l | l | l | l | l | } \hline & \begin{array} { l } \text { Number of } \\\text { Milk } \\\text { Shakes per } \\\text { Shift }\end{array} & \begin{array} { l } \text { Number of } \\\text { Simoothies }\end{array} & \begin{array} { l } \text { Opportunity } \\\text { Cost of 1 } \\\text { Simoothie }\end{array} & \begin{array} { l } \text { Opportunity } \\\text { Cost of 1 Milk } \\\text { Slake }\end{array} \\\hline \text { President } & 50 & 25 & & \\\hline \begin{array} { l } \text { Dining Hall } \\\text { Staffer }\end{array} & 90 & 30 & & \\\hline\end{array}
b. Who has a comparative advantage in producing smoothies?
c. Who has an absolute advantage in producing milk shakes?

Correct Answer:

verifed

Verified

a. blured image b. President has a comparative advan...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents