Jorge and Allison produce sandwiches and salads. See their production schedules below. Production Possibilities Schedules
Sandwiches Salads Sandwiches Salads
8 0 3 0
3 2 2 2
0 4 0 6

Required:
a. If Jorge produces all sandwiches and Allison produces all salads, what is total production?
b. Suppose the terms of trade are 3 salads for 4 sandwiches. If Jorge trades 4 sandwiches for 3 salads, how many sandwiches and salads will he be able to consume?
c. If Allison trades 3 salads for 4 sandwiches, how many sandwiches and salads will she be able to consume?
d. Compared to the situation where each individual did not specialize, what are the gains from trade?

Ajewelry direct sales company pays its consultants based on recruiting new members. question 1 options: the company is running a pyramid scheme, which is illegal. the company is running a pyramid scheme, which is legal. the company has implemented a legal and ethical plan for growth. the company uses this method of compensation to reduce the fee for the product sample kit.

Match each economic concept with the scenarios that illustrates it

Aeuropean aircraft producer has spent 15 years in developing a new aircraft that would potential threaten long-lasting boeing's dominance (monopoly) in the same class of aircrafts. the new european aircraft gets high marks on all performance measures except noise. because of the noise, the european producers management is concerned that the us government may impose restrictions which would forbid their aircraft to land in some of the american airports. without restrictions the estimated (present discounted) profit would be 125 million usd. with the restrictions the profit would only be 25 million usd. the chances of both outcomes are estimated to be 50-50. management must decide now whether to the cost of redesign program problem and a 60% chance it will fail. should the european aircraft producer start the noise redesign program if they do not have any redesign parts of the aircraft to solve the noise problem. is 25 million usd. there is a 40% chance that redesign will solve the noise additional information than mentioned above? draw the decision tree, indicate probabilities and outcomes of the events * imagine that the company could find out in advance the outcome of the u. s. government's e find the expected value of perfect information about the u. s. government's decision. decision. draw a new decision tree, indicate probabilities and outcomes of the events.