Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. What are the opportunity costs of producing 1 orange for Alpha and Beta, respectively?

a. 0.25 apples; 0.5 apples
b. 9 apples; 4 apples
c. 0.5 apples; 0.25 apples
d. 2 apples; 4 apples

c. 0.5 apples; 0.25 apples

Economics

In the Solow model, if f(k) = 2k0.5, s = 0.25, n = 0.05, and d = 0.2, what is the value of k at equilibrium?

A) 1 B) 2 C) 3 D) 4

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Economics

In Figure 45.2, at the perfectly competitive equilibrium, the wage will be Figure 45.2

A. between W1 and W2. B. W1. C. W2. D. W*.

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Economics