Fred Durst and Carson Daly are lost in the Amazon wilderness. Other than their evening discussions about Christina Aguilera, they have to find food on which to subsist. The only two edible items they are able to find are bananas and crickets. Due to Carson’s big eyes, he is able to catch 40 crickets in a day if he spends his entire day hunting them down. If he picks bananas all day he can collect 10. Fred is much better at picking bananas. If he spends his entire day picking bananas, he can pick 30. If he spends his entire day hunting down crickets, he can find 60. Both Fred and Carson can choose to produce any linear combination above. Who is the low-cost producer of bananas? Fred Durst, because he only has to give up 1/2 Crickets in order to get an additional banana Fred Durst, because he only has to give up 2 Crickets in order to get an additional banana Carson Daly, because he only has to give up 1/4 Crickets in order to get an additional banana Fred Durst, because he can produce more bananas that Carson Dal
130.) Fred Durst and Carson Daly are lost in the Amazon wilderness. Other than their evening discussions about Christina Aguilera, they have to find food on which to subsist. The only two edible items they are able to find are bananas and crickets. Due to Carson’s big eyes, he is able to catch 40 crickets in a day if he spends his entire day hunting them down. If he picks bananas all day he can collect 10. Fred is much better at picking bananas. If he spends his entire day picking bananas, he can pick 30. If he spends his entire day hunting down crickets, he can find 60.
Both Fred and Carson can choose to produce any linear combination above.
Who is the low-cost producer of bananas?
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Fred Durst, because he only has to give up 1/2 Crickets in order to get an additional banana
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Fred Durst, because he only has to give up 2 Crickets in order to get an additional banana
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Carson Daly, because he only has to give up 1/4 Crickets in order to get an additional banana
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Fred Durst, because he can produce more bananas that Carson Daly |
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