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CHAPTER 2
(MACRO CHAPTER 2; MICRO CHAPTER 2)
FUNDAMENTAL QUESTIONS
1. What are opportunity costs? Are they part of the economic way of thinking?
2. What is a production possibilities curve?
3. Why does specialization occur?
4. What are the benefits of trade?
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7 Chapter 2: Choice, Opportunity Costs, and Specialization
Chapter 2: Choice, Opportunity Costs, and Specialization 7
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8 Chapter 2: Choice, Opportunity Costs, and Specialization
Chapter 2: Choice, Opportunity Costs, and Specialization 8
Teaching Strategy: Note that marginal costs increase as resources that are in specialized
uses are reallocated to other uses.
B. Specialize where opportunity costs are lowest: Scarce resources must be allocated where
they can best perform the job.
1. Trade: Trade occurs because everyone will find that it is mutually beneficial to
specialize in goods in which they have a comparative advantage and trade for the other
goods. A gain from trade is the difference between what can be produced and
consumed without specialization and trade versus that which can be produced and
consumed with specialization and trade.
Teaching Strategy: Students usually have trouble with comparative advantage and
trade, not because the ideas are inherently hard to understand but because there is a lot
to keep track of. Work through an example and give them one to do on their own.
C. Comparative advantage: This is the ability of one person or nation to do something with a
lower opportunity cost than another.
D. Private property rights: Specialization according to comparative advantage followed by trade
allows everyone to acquire more of the goods they want. Private property rights are
necessary for trade to occur and refer to the laws, courts, and police required to enforce laws
against theft and murder.
Teaching Strategy: Ask your students why a professor who is good at fixing cars might
still prefer to take his automobile to a garage for a tune-up.
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9 Chapter 2: Choice, Opportunity Costs, and Specialization
Chapter 2: Choice, Opportunity Costs, and Specialization 9
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10 Chapter 2: Choice, Opportunity Costs, and Specialization
Chapter 2: Choice, Opportunity Costs, and Specialization 10
b. No
c. 10 hours studying; 1.0 GPA
5.
a. A person’s comparative advantage is the activity in which that person has the lowest
opportunity cost.
b. No one can have a comparative advantage in all activities because comparative advantage is
the relative or “comparative” opportunity costs.
c. If the issue is who should study full-time and who should work full-time, then the second
individual, described in (5) should work while the individual described in (4) should study
full-time. Otherwise it depends where on the PPC both individuals are located since the
slopes of the PPCs are constant.
6. No. In both cases the next best opportunity to playing tennis on Saturday morning is relaxing
around the house.
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11 Chapter 2: Choice, Opportunity Costs, and Specialization
Chapter 2: Choice, Opportunity Costs, and Specialization 11
7.
a. The marginal opportunity cost of 25 additional units of health care are: A to B , 10 units of
all other goods, B to C , 20 units of all other goods, C to D , 30 units of all other goods,
D to E , 40 units of all other goods.
b. The opportunity cost of combination C is all other combinations.
c. Producing at combination A for nation 1 means producing 100 units of other goods;
combination E means producing 100 units of health care. For nation 2, combination A is
50 units of all other goods, and combination E is 65 units of health care. It is more costly
for nation 2 to produce only all other goods than it is for nation 1. For nation 2, 65 50 is the
cost, while for nation 1, 100 100 is the cost. Thus, nation 2 should specialize in health care
and nation 1 in all other goods.
100
E
D
Health Care
75
50 C
25 B
0 A
0 10 20 30 40 50 60 70 80 90 100
All Other Goods
8. Assuming that each can choose to work more hours or to spend time negotiating the price of a car,
then the professor would be expected to spend more time negotiating.
9. There is an opportunity cost to everything. The time spent at lunch has a cost; you could be doing
something else.
10. You look at the opportunity cost of spending another 45 minutes. You can remain in line or do
something else. Your decision to spend more time in line has nothing to do with the time you have
already spent in line. You may say, “I’ve already spent 30 minutes; I will lose that time if I do not
remain here.” However, you have lost that 30 minutes no matter what you do.
11. Having paid the $600 fee at the beginning of the semester means that the opportunity cost of
eating any quantity of food does not include the price of the food. However, a fee per quantity
means that the opportunity cost of consuming more food includes the price of that food. Because
there are lower opportunity costs under the fixed-fee scheme, the average quantity of food
consumed will be higher under this scheme.
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12 Chapter 2: Choice, Opportunity Costs, and Specialization
Chapter 2: Choice, Opportunity Costs, and Specialization 12
12. You may do everything better than others, but to do one thing, you have to forgo doing other
things, and this opportunity lost is what specialization is all about. Each person specializes in the
activity in which his or her opportunity cost is lowest. If you take one hour to cook a gourmet
meal but could also solve three math problems in that hour, while a friend takes two hours to cook
the meal or solve five math problems, you are “better at everything.” But your gourmet meal costs
you three math problems, whereas your friend’s one meal costs five math problems. Your friend is
relatively better off specializing in cooking.
13. The policy is an attempt to work against the idea of specialization according to comparative
advantage. The educated people were not able to use their training. As a result, China made a
move from a point on its PPC to a point inside its PPC, which reduced its total output. China’s
output fell so much that the policy was finally abandoned, even in the face of strong political
pressures to maintain it.
14. The focus at the elementary level is on the development of skills to be used the rest of the
individual’s life. The knowledge of a specific subject is less important than the continuity of the
individual’s development. As the student ages, the subject matter becomes increasingly important.
The more important the knowledge of subject matter becomes relative to general skills, the more
specialized the instructor must be. In the elementary schools, specialization in general
development and general skills occurs; in college and graduate school, specialization according to
specific subject matter occurs.
15. Even though most of these officials and corporate executives know how to drive, the government
and the corporations believe that their time is better spent concentrating on their positions rather
than on driving. The executives and government officials specialize in their managerial expertise,
while the chauffeurs specialize in driving. The result should be greater output.
16. Individuals in Botswana, Zimbabwe, and South Africa have private property rights to elephants.
Private property rights create an incentive to take care of the elephants. In other African countries,
no one has an incentive to take care of the elephants; thus, the population is falling.
ANSWERS TO STUDY GUIDE HOMEWORK
1. Any answer could be correct. The key mistake to watch for is listing more than one possible use
for the same hours on Friday night.
2. Production possibilities curve.
3.
a. Bob’s opportunity cost of one bird is two bookends.
b. Bill’s opportunity cost of one bird is three bookends.
c. Bob has the lower opportunity cost, so Bob has a comparative advantage.
4. Through specialization, Bob and Bill together can produce more output in a week.
5.
a. Shopping at the no-frills store yields better prices but is more time-consuming. The Shorts
have a higher income but less time to spend with their children. They are likely to perceive
the opportunity cost of shopping at the no-frills store to be high because it is so time-
consuming. Also, because their income is higher, they are likely to opt for the more
expensive superstore. Mrs. Long has more time with her children, so she is likely to perceive
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13 Chapter 2: Choice, Opportunity Costs, and Specialization
Chapter 2: Choice, Opportunity Costs, and Specialization 13
the opportunity cost of shopping at the no-frills store as lower. Also, the time spent is worth
the lower prices to her because her income is lower.
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14 Chapter 2: Choice, Opportunity Costs, and Specialization
Chapter 2: Choice, Opportunity Costs, and Specialization 14
b. The Longs are more likely to clip coupons and buy sale items because they have more time
and less money to spend.
c. The Shorts are more likely to pay the higher prices at convenience stores because they have
more income to spend, but less time.
Have the students draw their PPCs. Then ask each student to pick a point along his or her curve that he
or she likes. Having chosen these points, have the students find a way to trade trucks and computers so
that each is better off—each gets more of something without getting less of something else.
While individual student results will differ, the instructor should reinforce the basic meaning of the
production possibilities curve and the concept of opportunity cost. Once the various combinations are
plotted, students should be encouraged to discuss why they chose a particular point on the PPC for
production and how they determined that trade should take place. They should be able to quantify the
advantages of trade among the two nations.
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sweetened water, and daubing the new queen with honey, we may
be almost sure of success. If desired, the queen-cells can be used in
forming nuclei, in manner before described. In this way we save our
colony from being without a fertile queen for at least thirteen, days,
and that, too, in the very height of the honey season, when time is
money. If extra queens are wanting, we have only to look carefully
through the old hive and remove all but one of the queen-cells. A
little care will certainly make sure work, as, after swarming, the old
hive is so thinned of bees, that only carelessness will overlook
queen-cells in such a quest.
TO PREVENT SWARMING.
As yet we can only partly avert swarming. Mr. Quinby offered a
large reward for a perfect non-swarming hive, and never had to
make the payment. Mr. Hazen attempted it, and partially succeeded,
by granting much space to the bees, so that they should not be
impelled to vacate for lack of room.' The Quinby hive already
described, by the large capability of the brood-chamber, and ample
opportunity for top and side-storing, looks to the same end. But we
may safely say that a perfect non-swarming hive or system is not yet
before the bee-keeping public. The best aids toward non-swarming
are shade, ventilation, and roomy hives. But as we shall see in the
sequel, much room in the brood-chamber, unless we work for
extracted honey—by which means we may greatly repress the
swarming fever—prevents our obtaining honey in a desirable style. If
we add sections, unless the connection is quite free—in which case
the queen is apt to enter them and greatly vex us—we must crowd
some to send the bees into the sections. Such crowding is almost
sure to lead to swarming. I have, by abrading the combs of capped
honey in the brood-chamber, as suggested to me by Mr. M. M.
Baldridge—causing the honey to run down from the combs—sent
the bees crowding to the sections, and thus deferred or prevented
swarming.
It is possible that by extracting freely when storing is very rapid,
and then by rapidly feeding the extracted honey in the interims of
honey secretion, we might prevent swarming, secure very rapid
breeding, and still get our honey in sections. Too few experiments, to
be at all decisive, have led me to look favorably in this direction.
The keeping of colonies queenless, in order to secure honey
without increase, as practiced and advised by some even of our
distinguished apiarists, seems to me a very questionable practice, to
which I cannot even lend my approval by so much as detailing the
method. I would rather advise: keeping a, queen, and the workers all
at work in every hive, if possible, all the time.
DIVIDE.
This method will secure uniform colonies, will increase our
number of colonies just to our liking, will save time, and that, too,
when time is most valuable, and is in every respect safer and
preferable to swarming. I have practiced dividing ever since I have
kept bees, and never without the best results.
HOW TO DIVIDE.
By the process already described, we have secured a goodly
number of fine queens, which will be in readiness at the needed
time. Now, as soon as the white clover harvest is well commenced,
early in June, we may commence operations. If we have but one
colony to divide, it is well to wait till they become pretty populous, but
not till they swarm. Take one of our waiting hives, which now holds a
nucleus with fertile queen, and remove the same close along side
the colony we wish to divide. This must only be done on warm days
when the bees are active, and better be done, while the bees are
busy, in the middle of the day. Remove the division-board of the new
hive, and then remove five combs, well loaded with brood, and of
course containing some honey, from the old colony, bees and all, to
the new hive. Also take the remaining frames and shake the bees
into the new hive. Only be sure that the queen still remains in the old
hive. Fill both the hives with empty frames—if the frames are filled
with empty comb it will be still better, if not it will pay to give starters
or full frames of foundation—and return the new hive to its former
position. The old bees will return to the old colony, while the young
ones will remain peaceably with the new queen. The old colony will
now contain at least seven frames of brood, honey, etc., the old
queen, and plenty of bees, so that they will work on as though
naught had transpired, though perhaps moved to a little harder effort
by the added space and five empty frames. The empty frames may
be all placed at one end, or placed between the others, though not
so as to divide brood.
The new colony will have eight frames of brood, comb, etc., three
from the nucleus and five from the old colony, a young fertile queen,
plenty of bees, those of the previous nucleus and the young bees
from the old colony, and will work with a surprising vigor, often even
eclipsing the old colony.
If the apiarist has several colonies, it is better to make the new
colony from several old colonies, as follows: Take one frame of
brood-comb from each of six old colonies, or two from each of three,
and carry them, bees and all, and place with the nucleus. Only, be
sure that no queen is removed. Fill all the hives with empty combs,
or foundation instead of frames, as before. In this way we increase
without in the least disturbing any of the colonies, and may add a
colony every day or two, or perhaps several, depending on the size
of our apiary, and can thus always, so my experience says, prevent
swarming.
By taking only brood that is all capped, we can safely add one or
two frames to each nucleus every week, without adding any bees, as
there would be no danger of loss by chilling the brood. In this way, as
we remove no bees, we have to spend no time in looking for the
queen, and may build up our nuclei into full stocks, and keep back
the swarming impulse with great facility.
These are unquestionably the best methods to divide, and so I
will not complicate the subject by detailing others. The only objection
that can be urged against them, and even this does not apply to the
last, is that we must seek out the queen in each hive, or at least be
sure that we do not remove her, though this is by no means so
tedious if we have Italians, as of course we all will. I might give other
methods which would render unnecessary this caution, but they are
to my mind inferior, and not to be recommended. If we proceed as
above described, the bees will seldom prepare to swarm at all, and if
they do they will be discovered in the act, by such frequent
examinations, and the work may be cut short by at once dividing
such colonies as first explained, and destroying their queen-cells, or,
if desired, using them for forming new nuclei.
CHAPTER XI.
ITALIANS AND ITALIANIZING.
TO SHIP QUEENS.
TO MOVE COLONIES.
HONEY EXTRACTOR.
No doubt some have expected and claimed too much for this
machine. It is equally true, that some have blundered quite as
seriously in an opposite direction. For, since Mr. Langstroth gave the
movable frame to the world, the apiarist has not been so deeply
indebted to any inventor as to him who gave us the Mell Extractor,
Herr von Hruschka, of Germany. Even if there was no sale for
extracted honey—aye, more, even if it must be thrown away, which
will never be necessary, as it may always be fed to the bees with
profit, even then I would pronounce the extractor an invaluable aid to
every bee-keeper.
The principle which makes this machine effective is that of
centrifugal force, and it was suggested to Major von Hruschka, by
noticing that a piece of comb which was twirled by his boy at the end
of a string, was emptied of its honey. Herr von Hruschka's machine
was essentially like those now so common, though in lightness and
convenience there has been a marked improvement. His machine
consisted of a wooden tub, with a vertical axle in the centre, which
revolved in a socket fastened to the bottom of the vessel, while from
the top of the tub, fastenings extended to the axle, which projected
for a distance above. The axle was thus held exactly in the centre of
the tub. Attached to the axle was a frame or rack to hold the comb,
whose outer face rested against a wire-cloth. The axle with its
attached frame, which latter held the uncapped comb, was made to
revolve by rapidly unwinding a string, which had been previously
wound about the top of the axle, after the style of top-spinning.
Replace the wooden tub with one of tin, and the string with gearing,
and it will be seen that we have essentially the neat extractor of to-
day. As the machine is of foreign invention, it is not covered by a
patent, and may be made by any one without let or hindrance. A
good machine may be bought for eight dollars.
Fig. 58.
Fig. 59.
I have tried machines where the sides of the rack (Fig, 59)
inclined down and in, for the purpose of holding pieces of comb, but
found them unsatisfactory. The combs would not be sustained. Yet, if
the frames were long and narrow, so that the end of the frame would
have to rest on the bottom of the rack, instead of hanging as it does
in the hive, such an incline might be of use to prevent the top of the
frame from falling in, before we commence to turn the machine.
The inside, if metal, which is lighter and to be preferred to wood,
as it does not sour or absorb the honey, should be either of tin or
galvanized iron, so as not to rust. A cover to protect the honey from
dust, when not in use, is very desirable. The cloth cover, gathered
around the edge by a rubber, as made by Mr. A. I. Root, is excellent
for this purpose. As no capped honey could be extracted, it is
necessary to uncap it, which is done by shaving off the thin caps. To
do this, nothing is better than the new Bingham & Hetherington
honey knife (Fig, 60). After a thorough trial of this knife, here at the
College, we pronounce it decidedly superior to any other that we
have used, though we have several of the principal knives made in
the United States. It is, perhaps, sometimes desirable to have a
curved point (Fig, 61), though this is not at all essential.
Fig. 60.
Fig. 61.
HOW TO EXTRACT.
The apiarist should possess one or two light boxes, of sufficient
size to hold all the frames from a single hive. These should have
convenient handles, and a close-fitting cover, which will slide easily
either way. These will be more easily used if they rest on legs, which
will raise their tops say three feet from the ground. Now, go to two or
three colonies, take enough combs, and of the right kind for a colony.
The bees may be shaken off or brushed off with a large feather. If
the bees are troublesome, close the box as soon as each comb is
placed inside. Extract the honey from these, using care not to turn so
hard as to throw out the brood. If necessary, with a thin knife pare off
the caps, and after throwing the honey from one side, turn the comb
around, and extract it from the other. If combs are of very different
weights, it will be better for the extractor to use those of nearly equal
weights on opposite sides, as the strain will be much less. Now take
these combs to another colony, whose combs shall be replaced by
them. Then close the hive, extract this second set of combs, and
thus proceed till the honey has all been extracted. At the close, the
one or two colonies from which the first combs were taken shall
receive pay from the last set extracted, and thus, with much saving
of time, little disturbance of bees, and the least invitation to robbing,
in case there is no gathering, we have gone rapidly through the
apiary.