Answer:
Candonia has a comparative advantage in the production of <u>LEMONS</u>, while Lamponia has a comparative advantage in the production of <u>COFFEE</u>. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of <u>36</u> million pounds of coffee and <u>36</u> million pounds of lemons.
Explanation:
Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.
For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).
For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).
B.) his counselor certification
D.) His years of teaching experience
In the given example above, the favorite tune of college level
forming group that they are considered to belong is the fisk. The fisk forming
group in the college level are famous singers of which they are students who
travel and raises funds for their college.
Producer surplus is the difference between the amount a producer of a good receives and the minimum amount the producer is willing to accept for the good.
Cost to make 1 cake= $3
FIND SURPLUS PER CAKE
Surplus divided by 3 cakes
$19.50 ÷ 3= $6.50 surplus per cake
SALE PRICE OF CAKES
$3 cost + $6.50 surplus= $9.50
ANSWER: He must be selling his cakes for $9.50.
Hope this helps! :)
Answer:
<u>A. Plans for making commodities available for sale or trade</u>
Explanation:
- As a market is a place where all the goods and commodities are brought for sale the products and services that exist in the market or on the market are those that brought for the consumption by the people.
- This involves the plans for buying and selling in the market to get a good amount of returns. Off the market means the properties that are for sale but are not available for the purchase. Hence the products are based on the availability of the market conditions.
