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ale4655 [162]
1 year ago
14

Assume Germany can either produce 3 bushels of wheat or 6 bushels of corn in a set period of time, and the United States can pro

duce either 2 bushels of wheat or 3 bushels of corn in a set period of time. Which nation has a comparative advantage in producing corn
Business
1 answer:
Sidana [21]1 year ago
6 0

As per the given scenario, the Germany nation has a comparative advantage in producing corn.

<h3>What is comparative advantage?</h3>

Comparative advantage is when one country can produce a good at a lower cost in terms of other goods.

As Germany can produce 6 bushels of corn and the united states can produce 3 bushels of corn in a set period, Germany has a comparative advantage in producing corn.

Learn more about Comparative advantage here:

brainly.com/question/13221821

#SPJ1

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2 years ago
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The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703

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The poisson distribution formula P(x) = \frac{(mt)^{x}e^{-mt}  }{x!}

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The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703

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