Maria and emmanuel need to cut logs for shelter or gather, Ask an Expert

Economics

maria and emmanuel need to cut logs for shelter or gather food to stay alive per day. maria produces 10 cut logs of shelter and 10 baskets of food. emmanuel produces 5 cut logs of shelter and 8 baskets of food.
a) what is the opportunity cost for maria to cut logs and to gather food baskets? explain your answer
b)what is the opportunity cost for emmanuel to cut logs and gather food baskets?explain your answer
c)what allocation of tasks maximizes total output for the least amount of effort? why?explain your answer
d) what would be the total output after 4 days using the allocation of taks from question( c-above)?explain your answer

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9467913

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