I’m reviewing my econ class from last week and I’m stuck on a microeconomics question now. I need someone to explain this to me in DETAILS. I have the answers from my professor already but I don’t understand them.——————Microland is a country in which labor is the only resource and it can be used to collect food (pineapples) or to build cabins. Microland has only six equally productive workers and each worker can gather either 25 pineapples or build one cabin in one day. (a) Draw the production possibilities frontier for Microland. (b) What is the opportunity cost of building two more cabins in one day? (c) If half the workers build cabins and half of the workers collect pineapples, what would be the production on Microland? (d) Assume that in one day, two cabins were built and 75 pineapples were collected. What does this situation depict? (e) What is the maximum potential increase in pineapple production and maximum potential increase in cabin production described in the previous question? (f) What would have to occur for three cabins to be produced along with 100 pineapples?
Find the best tutors/writers
Only here on Study Help 24/7
Why Studyhelp247 is the best homework help website
We often see students asking why Studyhelp247 is the best homework help website and why many students use our services. Here is why:
- Our tutors are professionals in their respective subjects. This ensures that they submit high quality work to all our students.
- We have a strict anti-plagiarism policy, ensuring that students receive high quality and original work.
- Our pricing is the most student-friendly. Students pay 0% service fees, making it possible to receive help for as low as $5 per page.
- Our website is secure and privacy is our number on priority. Any question posted on studyhelp247 cannot be seen anywhere else.
- We have the most responsive customer support agents.
- We offer homework help services in all English-Speaking countries, making us a global homework help site.
We have helped over 5,000 students in close to 40 countries worldwide. Join the movement.