Card 2 / 59: Suppose Frank can either hunt for birds (b) or forage for wild berries (w) on his isolated island property. He can catch two birds or gather three pounds of berries in an hour. He only has 12 hours a week to devote to these activities. His utility function for birds and berries is u(w,b) = bw^(0.5). What is the slope of his production possibilities frontier?
A)
3/2
B)
-3/2
C)
2/3
D)
-2/3
Answer:
D) -2/3
Previous Card | ← Previous Card Button |
Next Card | → Next Card Button |
Flip Card | Space-Bar |