subject
Business, 14.11.2019 04:31 jackphilander2285

Initially, suppose contente uses 1 million hours of labor per week to produce corn and 3 million hours per week to produce jeans, while felicidad uses 3 million hours of labor per week to produce com and 1 million hours per week to produce jeans. consequently, felicidad produces 15 million bushels of con and 20 million pairs of jeans, and contente produces 8 million bushels of corn and 48 million pairs of jeans. assume there are no other countries willing to trade goods, so, in the absence of trade between these two countries, each country consumes the amount of corn and jeans it produces. felicidad's opportunity cost of producing 1 bushel of corn is of jeans, and contente's opportunity cost of producing 1 bushel of corn is of jeans. therefore, advantage in the production of jeans. has a comparative advantage in the production of corn, and has a comparative suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces corn will produce million bushels per week, and the country that produces jeans will produce million pairs per week

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 12:40
Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices
Answers: 2
question
Business, 22.06.2019 20:30
The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.
Answers: 3
question
Business, 22.06.2019 23:30
Sally has a high-paying management position with a fortune 500 company, but she is tired of working for corporate america. so sally has decided to start a business, and she knows she will be successful as an entrepreneur because entrepreneurs typically
Answers: 3
question
Business, 23.06.2019 02:20
The director of the federal trade commission (ftc) bureau of consumer protection warned that the agency would bring enforcement action against small businesses that select one: a. failed to inform the public about network failures in a timely manner b. failed to transmit sensitive data c. did not report security breaches to law enforcement d. lacked adequate policies and procedures to protect consumer data.
Answers: 2
You know the right answer?
Initially, suppose contente uses 1 million hours of labor per week to produce corn and 3 million hou...
Questions
question
Mathematics, 12.10.2019 01:50
question
History, 12.10.2019 01:50
Questions on the website: 13722362