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  LiveWire / Teen Forums / School & Homework Connection / Viewing Topic

Help me with my homework kthx :)
Replies: 4Last Post Sep. 7 1:44pm by Acid World
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( Acid World )


Wealthy Hobo

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I'm totally buttfucked baffled right now and I can't wrap my mind around why. I'm a little hung-over from last night, maybe you could take pity on me and help me in this very meager economics problem (trust me, it is pretty meager but I just can't think).

Ok, say Kurt and Iggi make ice cream and waffle cones.

Iggie makes

24 ice cream scoops per hour and 8 cones per hour

Kurt makes 16 scoops per hour and 4 cones per hour

Iggie's cost for each is

1 cone = 3 ice cream scoops

1 ice cream scoops = .333 cones

Kurt is

1 cone = 4 ice cream scoops

1 scoop = . 25 cones.

Obviously iggie has the absolute advantage in both fields because he makes more per hour of both, but it costs Kurt less cones to make a scoop of ice cream so he has the comparative advantage.

what price of waffle cones in terms of ice cream scoops would make both wish to trade?

A = 2.75 ice cream per cone
B= 1 ice cream per cone
C= 3.25 ice cream per cone
D = 4.50 ice cream per cone

I don't know why I can't wrap my head around this right now, macro is my favorite subject. I'm thinking the answer is A but I feel like I'm over-looking something or I'm looking at the problem backwards.

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ROW ROW FIGHT THE POWAH


1:39 pm on Sep. 7, 2008 | Joined Jan. 2007 | 425 Days Active
Join to learn more about Acid World Texas, United States | Straight Male | 8097 Posts | 5753 Points
justscott


Dairy Product Addict
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i awsome bow job per scoop should do it!

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You can't pick your family but, you don't have to like all them either!!

1:41 pm on Sep. 7, 2008 | Joined May 2008 | 71 Days Active
Join to learn more about justscott Florida, United States | Straight Male | 1628 Posts | 2402 Points
Molfsontan


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Why would you need a cone to make a scoop of icecream?

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Resident KMFDM addict and BRUTE! fanboy.

1:42 pm on Sep. 7, 2008 | Joined Aug. 2008 | 72 Days Active
Join to learn more about Molfsontan Seychelles | Male | 5039 Posts | 6002 Points
FRYYS


Dairy Product Addict
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im gunna go withhh A too. :]

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live everyday like it was last.

1:42 pm on Sep. 7, 2008 | Joined Sep. 2008 | 29 Days Active
Join to learn more about FRYYS California, United States | Straight Female | 632 Posts | 1067 Points
( Acid World )


Wealthy Hobo

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Quote: from Molfsontan at 1:42 pm on Sep. 7, 2008

Why would you need a cone to make a scoop of icecream?

Because you have to think about how many they can make in an hour.

Iggy can spend one hour either making Ice cream or Waffle cones, it's what he does. Same with Kurt. Kurt can make more ice cream at the expense of less cones, whereas Iggi's makes less ice cream at the expense of more cones. So if Kurt strictly makes ice cream, and Iggi strictly makes cones, and then they trade, they each make more of both.

Problem is, how much cones should Kurt sell his ice cream for?

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ROW ROW FIGHT THE POWAH


1:44 pm on Sep. 7, 2008 | Joined Jan. 2007 | 425 Days Active
Join to learn more about Acid World Texas, United States | Straight Male | 8097 Posts | 5753 Points
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