Business, 12.07.2021 22:10 raul20030603

In one hour, Harry Potter can produce a 3.5 foot essay for homework in his Defense Against the Dark Arts class or a 1.75 foot essay for homework in Potions class. Hermione Granger can produce a 3.5 foot essay for homework in her Defense Against the Dark Arts class or a 3 foot essay for homework in Potions class. 1) Calculate Harry's opportunity cost of doing his Defense Against the Dark Arts homework in terms of Potions homework (1 DADA = Pot). Calculate Harry's opportunity cost of doing Potions homework in terms of his Defense Against the Dark Arts homework (1 Pot = __ DADA). 2) Calculate Hermione's opportunity cost of doing his Defense Against the Dark Arts homework in terms of Potions homework (1 DADA = _Pot). Calculate Hermione's opportunity cost of doing Potions homework in terms of his Defense Against the Dark Arts homework (1 Pot = _DADA). 3) Who should specialize in Potions homework? In Defense Against the Dark Arts homework? Why?4) Draw both Harry's and Hermione's PPFs for Potions and Defense Against the Dark Arts homework. Show the slopes. 5) What numeric fact do you know about the terms of trade? In other words, when Harry and Hermione trade, what will be the price of Potions homework in terms of DADA homework? What will be the price of DADA homework in terms of Potions homework?

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