Constance Wills (3:55PM) : for social unit 1?
Albert horse parsley (3:55PM) : yes... are you working on Unit 2 assignments?
Constance Wills (3:56PM) : yes sir. at first for assignment unit 1 i didnt understand exactly what you were looking for. I didnt know i needed to use math t
o determine the opportunity be
Albert horse parsley (3:57PM) : okay for allow us say what is Michelle opportunity cost of a wimp? what was your answer?
Constance Wills (3:59PM) : umm i find its 4 potatoes for every wimp she produces?
Albert Alexander (4:00PM) : in which merchandise should Michelle specialize? in which product does she have a comparative utility?
Constance Wills (4:02PM) : i think she would do safe in both areas but she has comparatiive advantage in potatoes since she produces more
Albert Alexander (4:02PM) : define comparative advantage
Constance Wills (4:06PM) : being commensurate to produce a product at a defecate opportunity cost than your competitor
Albert Alexander (4:06PM) : Okay whence what is James opportunity cost of a chicken?
Constance Wills (4:07PM) : 2 potatoes for every chicken he produces
Albert Alexander (4:07PM) : Really?
Albert Alexander (4:08PM) : then who should produce chickens?
Constance Wills (4:08PM) : michelle
Albert Alexander (4:08PM) : the cost is 4 and the cost is 2 correct
Albert Alexander (4:08PM) : who has the lower cost?
Constance Wills (4:09PM) : with both?
Albert Alexander (4:09PM) : the cost is 4 and the cost is 2 YOUR calculations who has the lower cost?
Constance Wills (4:10PM) : james
Albert Alexander (4:10PM) : You wrote earlier i think she would do good in both areas but she has comparatiive advantage in potatoes since she produces more do you want to keep that statement.....?
Constance Wills (4:12PM) : im not sure now.
Albert Alexander (4:13PM) : ? the cost is 4 and the cost 2 who have...If you want to get a full essay, order it on our website: Ordercustompaper.com
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