QuestionDetails: Amount of good produced with one hour of labor Pounds of Fish P
ID: 1232641 • Letter: Q
Question
QuestionDetails: Amount of good produced with one hour of labor Pounds of Fish Pounds of Coconuts Total Labor hours available Ricardo 6 2 8 Smith 6 4 8 Reconstruct the table above showing the amount of an hourrequired by each individual to produce one unit of the respectivegood. Here the table you should fill in: Amount of one hour to produce one unit of: Fish Coconuts Total Labor Hours available Ricardo 8 Smith 8thank you!! QuestionDetails: Amount of good produced with one hour of labor Pounds of Fish Pounds of Coconuts Total Labor hours available Ricardo 6 2 8 Smith 6 4 8 Reconstruct the table above showing the amount of an hourrequired by each individual to produce one unit of the respectivegood. Here the table you should fill in: Amount of one hour to produce one unit of: Fish Coconuts Total Labor Hours available Ricardo 8 Smith 8 Amount of one hour to produce one unit of: Fish Coconuts Total Labor Hours available Ricardo 8 Smith 8 QuestionDetails: Amount of good produced with one hour of labor Pounds of Fish Pounds of Coconuts Total Labor hours available Ricardo 6 2 8 Smith 6 4 8
Explanation / Answer
Ricardo can produce 6 lbs of fish in 1 hr. Thus, he canproduce 1 lb of fish in 1/6 hrs. Ricardo can produce 2 lbs of coconut in 1 hr. Thus, he canproduce 1 lb of coconut in 1/2 hrs. Smith can produce 6 lbs of fish in 1 hr. Thus, he can produce1 lb of fish in 1/6 hrs. Ricardo can produce 4 lbs of coconut in 1 hr. Thus, he canproduce 1 lb of coconut in 1/4 hrs.
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