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wages a pensate the losers\" why does it matter if employment fall when a countr

ID: 1113626 • Letter: W

Question

wages a pensate the losers" why does it matter if employment fall when a country engages in free trade? structor assignment. 2. Suppose you and your classmate, Janet, are only studying two subjects, economics and mathematics, this semester. The opportunity cost of solving questions for both sub- jects are as follows: Economics pportunity Cost Mathematics Opportunity Cost You mathematics question 3 economics questions Janet 2 mathematics questions 1 economics question At which subject do you and Janet perform better than each other? For every hour spent on studying economics, you and Janet can finish six and two economics questions respectively. How many mathematics questions can you and Janet finish if you spend an hour on the subject?

Explanation / Answer

I am (or You) is better at solving economics question as for me the opportunity cost of solving an economics question(1/3 mathematics question) is less than that with Janet(2 mathematics question) and similarly, Janet is better at solving mathematics questions as for Janet the opportunity cost of solving a mathematics question is less than that with me.

No. Of mathematics question that can be solved by me per hour = (1/3)*6 =2

And that with Janet = 2*2 = 4.

Thanks!