Economics Homework Help

ECON 100C AC week 4 Efficient Cars Questions

 

  • Here are Questions and i attached a book, these are all questions from 2nd chapter. you have to answer all these question after reading chapter 2nd from attached book in file.
  • 1. In the economic way of thinking, which is more efficient, an eight-cylinder SUV or a solar-battery-powered car? Explain.
  • 2.Gomer can make either 200 bushels of corn (C) or 200 bushels of
    strawberries (S) every six months. Goober can make only 100 bushels
    of corn (C) or 50 bushels of strawberries (S) every six months.
  • (a) Draw their corresponding production possibilities curves.
  • (b) What is Gomer’s opportunity cost of making one bushel of corn and What is Gomer’s opportunity cost of making one bushel of
    strawberries?
  • (d) What is Goober’s opportunity cost of making one bushel of corn and What is Goober’s opportunity cost of making one bushel of
    strawberries?
  • (f) Who has a comparative advantage in making corn?
  • (g) Who has a comparative advantage in making strawberries?
  • (h) Provide terms of trade between corn and strawberries that would be
    mutually beneficial to both Gomer and Goober if each specialized
    and exchanged the product of his comparative advantage.