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Degger [83]
2 years ago
13

Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coco

nuts to the other island in exchange for 1,300 fish. After the trade the other island has a total of ______ coconuts and ______ fish.
Business
2 answers:
timurjin [86]2 years ago
3 0

After the trade the other island has a total of 150 coconuts and 1300 fish.

<h3>What do you mean by the comparative advantage?</h3>

Comparative advantage refers to the maximization of the efficiency of the economy and its well being by focusing on the production of those resources, which country can produce and exports them in the exchange of those goods, which a country does not produce.

One can have the comparative advantage at production if it could produce the goods at lower cost as compare to the others.

Here, both the islands focus only on the making of the thing they're best at doing.

Learn more about the comparative advantage here:-

brainly.com/question/13221821

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DaniilM [7]2 years ago
3 0

Both islands specialize exclusively in the product for which they have a comparative advantage. After the trade, the other island has a total of 150 coconuts and 1300 fish. This is further explained below.

<h3>What is trade?</h3>

Generally, trade is simply defined as the exchange of commodities and services.

In conclusion, Both islands focus only on making the thing they're best at doing. Thanks to the exchange, the other island is now stocked with 1300 fish and 150 coconuts.

Read more about Trade

brainly.com/question/15115779

#SPJ1

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8 0
3 years ago
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Suppose the demand function​ (D) for golf clubs​ is: Qequals150minus1.00​P, where P is the price paid by consumers in dollars pe
nadya68 [22]

Answer:

P = $75 per club

n= 75,000 clubs

Explanation:

The demand and supply functions are:

(D): Q=150-1.00P\\(S): Q=1.00P\\

The equilibrium price is the price that yields a quantity demanded equal to the quantity supplied:

150-1.00P=1.00P\\P=\frac{150}{2}\\P=\$75

The number of units sold at that price is:

n=1,000*(1.00*75)\\n=75,000\ units

8 0
3 years ago
Suppose the price of salt increases by 25 percent​ and, as a​ result, the quantity of pepper demanded​ (holding the price of pep
Lisa [10]

Answer:

Option (C)

Explanation:

As per the data given in the question,

Price of salt increases by = 25%

Quantity of pepper demanded increases by = 4%

Cross price elasticity = Quantity of demand increases ÷ Price of salt increases

= 4% ÷ 25%

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Hence Cross-price elasticity of demand between salt and pepper would be positive.

So option (C) is answer

8 0
3 years ago
17. The calculation of property tax is based on the
tekilochka [14]
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I hope this helps
3 0
3 years ago
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Ortega Industries manufactures 19,900 components per year. The manufacturing cost of the components was determined to be as foll
professor190 [17]

Answer: Increased profit as opposed to making them internally.

Explanation:

Make or buy decisions are management decisions as to whether production components should be produced internally or outsourced.

Buy decision

Unit price= $34

Total unites= 19900

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Make decision

$

Direct materials 178,000

Direct Labor. 380,000

Variable overhead. 104,000

Relevant fixed overhead 260,000

Total $922,000

Unit price for make=922000/19900

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Since buying outside is more cheaper than producing internally, it will be more profitable to outsource(buy).

6 0
3 years ago
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