Econ. 1 and 2 HW Assign. #1 Name and class daytime You lose one point if you do not have your name above. 1. Draw the budget constraint for someone with $10 going into the store to buy only apples and oranges. Oranges cost $2 each and apples cost $1 each. Be sure to label your axis, but you only have to put numbers at the two endpoints. (This question is worth 1 point) 1o 2. Below is a table of production for a 3 person kingdom that makes televisions and radios. The for the numbers show each worker's individual productivity for each good. Fill in the blanks column of radios lost per television gained. Then write a 1, 2, or 3, on the blank line next to each worker to show the efficient order to transfer them from making radios to television. (This question is worth 3 points.) Televisions Radios Radios Lost Per TV gained Albert 12 12 Barbara 6 Craig 3. If you drew a PPF for the society above, what would be the two endpoints. List the two answers as ordered pairs, for example (7 radios, 9 TVs) and (4 radios and 15 TVs). You not have to draw the PPF yet. (This question is worth 1 point.)

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Need help with number 2

Econ. 1 and 2 HW Assign. #1 Name and class daytime
You lose one point if you do not have your name above.
1. Draw the budget constraint for someone with $10 going into the store to buy only apples and
oranges. Oranges cost $2 each and apples cost $1 each. Be sure to label your axis, but you
only have to put numbers at the two endpoints. (This question is worth 1 point)
1o
2. Below is a table of production for a 3 person kingdom that makes televisions and radios. The
for the
numbers show each worker's individual productivity for each good. Fill in the blanks
column of radios lost per television gained. Then write a 1, 2, or 3, on the blank line next to
each worker to show the efficient order to transfer them from making radios to television.
(This question is worth 3 points.)
Televisions
Radios
Radios Lost Per TV gained
Albert
12
12
Barbara
6
Craig
3. If you drew a PPF for the society above, what would be the two endpoints. List the two
answers as ordered pairs, for example (7 radios, 9 TVs) and (4 radios and 15 TVs). You
not have to draw the PPF yet. (This question is worth 1 point.)
Expand
Transcribed Image Text

Econ. 1 and 2 HW Assign. #1 Name and class daytime You lose one point if you do not have your name above. 1. Draw the budget constraint for someone with $10 going into the store to buy only apples and oranges. Oranges cost $2 each and apples cost $1 each. Be sure to label your axis, but you only have to put numbers at the two endpoints. (This question is worth 1 point) 1o 2. Below is a table of production for a 3 person kingdom that makes televisions and radios. The for the numbers show each worker's individual productivity for each good. Fill in the blanks column of radios lost per television gained. Then write a 1, 2, or 3, on the blank line next to each worker to show the efficient order to transfer them from making radios to television. (This question is worth 3 points.) Televisions Radios Radios Lost Per TV gained Albert 12 12 Barbara 6 Craig 3. If you drew a PPF for the society above, what would be the two endpoints. List the two answers as ordered pairs, for example (7 radios, 9 TVs) and (4 radios and 15 TVs). You not have to draw the PPF yet. (This question is worth 1 point.)

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