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April 20, 2014

Homework Help: College Econ

Posted by Nichole on Thursday, August 27, 2009 at 3:20pm.

There are two types of people. Red's and Blue's. In a given week, Red's can make 5 pieces of clothing or kill 10 buffalo (and all linear combo in between) In a given week, Blue's can make 12 pieces of clothing or kill 4 buffalo (and all linear combo's in between)


a. What is the opportunity cost of a Red person making a piece of clothing? One unit of clothing cost _____ deer.

b. What is the opportunity cost of a Blue person making a piece of clothing? One unit of clothing cost _____ deer.

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