consumption is limited by production, the maximum number of hams residents could consume per

month is 10.

3. She is very productive at her consulting job, but not very productive growing vegetables. Time spent

consulting would produce far more income than it what she could save growing her vegetables using the

same amount of time. So on purely economic grounds, it makes more sense for her to maximize her

income by applying her labor to what she does best (i.e. specialization of labor).

4. The engineer is better at computer science than at painting. Thus, his time is better spent working for pay

at his job and paying a painter to paint his house. Of course, this assumes he does not paint his house for

fun!

5. There are many physical systems that would work, for example, the study of planets (micro) in the solar

system (macro), or solar systems (micro) in the galaxy (macro).
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