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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?
b) what is the opportunity cost for emmanuel to cut logs and gather food baskets?
c) what allocation of tasks maximizes total output for the least amount of effort? why?
d) what would be the total output after 4 days using the allocation of taks from question( c-above)?

Macroeconomics, Economics

  • Category:- Macroeconomics
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