Business, 11.06.2020 04:57 jorden7544
The Acme Clinic has four staff members who perform two types of tasks, listed here generically as Task 1 and Task 2. The number of tasks
each person is capable of during a typical week are given in the following table.
Staff member
Task 1
Task 2
Alan
30
20
Bob
24
36
Caroline
28
24
Devon
19
29
Edith
14
22
Farley
45
15
160
TYG
Boomer, for example, could complete 6 Task 1s or 9 Task 2s or any linear combination of the two, such as 2 Task 1s and 6 Task 2s. The table
does not mean Boomer can do 6 Task 1s and 9 Task 2s in the same week.
Maximum
1. Which person has the absolute advantage in doing Task 1?
Forley -onder the most
2. Which person has the absolute advantage in doing Task 2?
Bob -com to the most
3. What is Devon's opportunity cost of Task 1, in terms of Task 2s foregone?
2014
4. What is Farley's opportunity cost of a Task 2, in terms of Task 1s foregone?
YS/IS
5. Which person has the comparative advantage in Task 1?
6. Which person has the comparative advantage in Task 2?
Edth
Assuming the agency uses the 6 staff members to maximize the production of one activity, given the level of the other activity, fill in the
following table. You are given the number of Task 1s and need to calculate the maximum number of Task 2s possible, given that number of
Task 1s. You are essentially reporting five points along the agency's production possibilities frontier. Record your answers to two decimal
places. Partial task completion is allowed.
Number of Task 1s
0
Please Help answer
This part
40
80
120
160
Number of Task 2s
(enter as the answer to
question 7)
(question 8)
(question 9)
(question 10)
(question 11)
Answers: 3
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The Acme Clinic has four staff members who perform two types of tasks, listed here generically as Ta...
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