Question
Hello, I need some help with my macro econ course. Any help is great! Katy Perry and Calvin Harris are lost in the Amazon wilderness.
Hello, I need some help with my macro econ course. Any help is great!\
Katy Perry and Calvin Harris are lost in the Amazon wilderness. The only two edible items they are able to find are bananas and crickets. Calvin is able to catch 40 crickets in a day if he spends his entire day hunting them down. If he picks bananas all day he can collect 10. Katy is much better at picking bananas. If she spends her entire day picking bananas, she can pick 30. If she spends her entire day hunting down crickets, she can find 60.
Both Katy Perry and Calvin Harris can choose to produce any linear combination above.
Who is the low-cost producer of bananas?
A. Katy Perry, because she only has to give up 1/2 Crickets in order to get an additional banana
B. Katy Perry, because she only has to give up 2 Crickets in order to get an additional banana
C. Calvin Harris, because he only has to give up 1/4 Crickets in order to get an additional banana
D. Calvin Harris, because he only has to give up 4 Crickets in order to get an additional banana
E. Katy Perry, because she can produce more bananas than Calvin Harris.
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