quiz: 30 out of 100

Submitted Nov 13 at 9pm

This attempt took 27 minutes.

Question 1Incorrect
0 / 10 pts
Skip to question text.
Macmac and Paopao live in the beautiful beach town of Pagudpud, Ilocos Norte. They own a small
business in which they make wristbands and necklaces and sell them to people on the beach.
Paopao can make twenty four (24) wristbands or four (4) necklaces per hour. Macmac is a little bit
faster and can make thirty (30) wristbands or six (6) necklaces in an hour. For Macmac what is the
opportunity cost of a necklace?

3 w ristbands

Question 2Correct!
10 / 10 pts
Skip to question text.
Macmac and Paopao live in the beautiful beach town of Pagudpud, Ilocos Norte. They own a small
business in which they make wristbands and necklaces and sell them to people on the beach.
Paopao can make twenty four (24) wristbands or four (4) necklaces per hour. Macmac is a little bit
faster and can make thirty (30) wristbands or six (6) necklaces in an hour. For Paopao what is the
opportunity cost of a necklace?

6 w ristbands

Question 3Correct!
10 / 10 pts
Skip to question text.
Macmac and Paopao live in the beautiful beach town of Pagudpud, Ilocos Norte. They own a small
business in which they make wristbands and necklaces and sell them to people on the beach.
Paopao can make twenty four (24) wristbands or four (4) necklaces per hour. Macmac is a little bit
faster and can make thirty (30) wristbands or six (6) necklaces in an hour. Who has the comparative
advantage in necklace production?

Macmac
Question 4Correct!
10 / 10 pts
Skip to question text.
Macmac and Paopao live in the beautiful beach town of Pagudpud, Ilocos Norte. They own a small
business in which they make wristbands and necklaces and sell them to people on the beach.
Paopao can make twenty four (24) wristbands or four (4) necklaces per hour. Macmac is a little bit
faster and can make thirty (30) wristbands or six (6) necklaces in an hour. Who has the comparative
advantage in wristband production?

Paopao

Question 5Incorrect
0 / 30 pts
Skip to question text.
Macmac and Paopao live in the beautiful beach town of Pagudpud, Ilocos Norte. They own a small
business in which they make wristbands and necklaces and sell them to people on the beach.
Paopao can make twenty four (24) wristbands or four (4) necklaces per hour. Macmac is a little bit
faster and can make thirty (30) wristbands or six (6) necklaces in an hour. Assume that Paopao works
one (1) hour per day for six (6) days in a week in the business, what are the possible combinations of
necklaces and wristbands that he can do for a week.

64

Question 6Incorrect
0 / 30 pts
Skip to question text.
Macmac and Paopao live in the beautiful beach town of Pagudpud, Ilocos Norte. They own a small
business in which they make wristbands and necklaces and sell them to people on the beach.
Paopao can make twenty four (24) wristbands or four (4) necklaces per hour. Macmac is a little bit
faster and can make thirty (30) wristbands or six (6) necklaces in an hour. Assume that Macmac works
one (1) hour per day for six (6) days in a week in the business, what are the possible combinations of
necklaces and wristbands that he can do for a week.

180 w ristband