economics here need help4. The following numbers measure the tradeoff betweengrades and income:Total hours Hours studying GPA Hours Working Income60 60 4.0 0 060 40 3.0 20 $10060 30 2.0 30 $15060 10 1.0 50 $25060 0 0.0 60 $ 300a. Calculate the opportunity cost of an increase in thenumber of hours spent studying in order to earn a 3.0grade point average (GPA) rather than a 2.0 GPA.b. Is the opportunity cost the same for a move from a0.0 GPA to a 1.0 GPA as it is for a move from a 1.0GPA to a 2.0 GPA?c. What is the opportunity cost of an increase in incomefrom $100 to $150? 5. Suppose a second individual has the following tradeoffsbetween income and grades Total hours Hours Studying GPA HOURS WORKING INCOME 60 50 4.0 10 $60 60 40 3.0 20 $12060 20 2.0 40 $24060 10 1.0 50 $30060 0 0.0 60 $360 a. Define comparative advantage.b. Does either individual (the one in exercise 4 or theone in exercise 5) have a comparative advantage inboth activities?c. Who should specialize in studying and who shouldspecialize in working7. Plot the PPC of a nation given by the following dataCombination Health care all other goodsA 0 100 B 25 90C 50 70D 75 40E 100 0a. Calculate the marginal opportunity cost of eachcombination.b. What is the opportunity cost of combination C?c. Suppose a second nation has the following data. Plotthe PPC, and then determine which nation has thecomparative advantage in which activity. Showwhether the two nations can gain from specializationand trade
Optional Information: Level/Year: GRADUATE Subject: ECONOMICS
Relist: I still need help.need give me a answer
Relist: I still need help.
Hi,
Did you still need help with this?
Can you please post the data in table form and let me know when you need it by?
Steve
4. total hours hours studying gpa hours working income60 60 4.0 0 $0 60 40 3.0 20 $10060 30 2.0 30 $15060 10 1.0 50 $25060 0 0.0 60 $3005. total hours hours studying gpa hours working income60 50 4.0 10 $6060 40 3.0 20 $12060 20 2.0 40 $24060 1.0 1.0 50 $30060 0.0 0.0 60 $360 7. combination health care all other goodsA 0 100B 25 90C 50 70D 75 40E 100 0 Here the tables my deadline is tomorrow by 5pm est
There is still data missing. There should be data for two countries. Can you please post the entire, complete question? I will be happy to help and get you an answer by end of day saturday.
Thanks,
I dont see anything about two countries on the page
"c. Suppose a second nation has the following data. Plot the PPC"
This is suppose the the second nation chats<br /><br />Combination Health Care All other Good<br /><br />A 0 50<br /><br />B 20 40<br /><br />C 40 25<br /><br />D 60 5<br /><br />E 65 0
Relist: I still need help.my new deadline is tomorrow
Relist: No answer yet.new deadline this sunday by 12:00 est