1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ad libitum [116K]
3 years ago
8

Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zen

land can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
Business
1 answer:
Likurg_2 [28]3 years ago
5 0

Answer: d). 50 units of grain and 130 units of incense.

Explanation: Comparative advantage for a country exists when it has a lower opportunity cost of producing a good as compared to the other country.

As given in the problem, a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year.

This, means that opportunity cost of producing organic grain in Agland is 0.2 i.e (2/10) and that in Zenland is 3 i.e (15/5). Thus, clearly Agland has a lower opportunity cost in production of organic grain. Thus, it will specialise in organic grain production , producing a total of 200 units of organic grain i.e (10*20 workers).

Similarly, Zenland has a lower opportunity cost in incense production which is 0.33 i.e(5/15) in comparison to 5 i.e(10/2) of Agland. So, Zenland will produce only Incense making a total of 150 units of incense (15* 10 workers).

Thus, before trade total organic grain produces was

100+50 = 150 units

Before trade incese produced was,

20+0=20 units

While, after trade the two countries produce a total of 200 units of organic grain and 150 units of incense.

Thus, increase in organic grain production is 200 - 150 = 50 units and of incense is 150-20 = 130 units

Thus, the correct answer is 50 units of grain and 130 units of incense.

You might be interested in
When auditing an entity's financial statements in accordance with government auditing standards (the yellow book), an auditor is
frez [133]
<span>Wiley CPA Exam Review 2010, Auditing and Attestation explained this on an exam that the auditor should issue a report to comply with the law on internal control and also to document financial information. The yellow book becomes an auditing standard that provided uniformity on reports.</span>
3 0
3 years ago
Next Up Computer Company thinks it will make a splash with cartoon-themed laptop cover designs scheduled for release next year.
vova2212 [387]

Considering the situation described above, this effort is an example of using <u>image differentiation</u> to differentiate a product as new.

<u>Image differentiation</u> is a type of differentiation strategy used by business firms to differentiate their products through communications.

By using communication strategies such as written, audio, digital, advertisement, or images to differentiate between various products or from existing products, this is an example of <u>image differentiation</u>.

Thus, when Next Up Computers only changes the cover designs alone, that is a form of <u>image differentiation</u>.

This is type of differentiation is often referred to as Reputation Differentiation.

Other types of differentiation methods include the following:

  • Product differentiation
  • Service differentiation
  • Relationship differentiation
  • Distribution differentiation.
  • Price differentiation.

Hence, in this case, it is concluded that the correct answer is "<u>Image Differentiation."</u>

Learn more here: brainly.com/question/14302620

6 0
3 years ago
There can be many departments or just a few when _____ a business.
Cerrena [4.2K]

Answer:

it depends on the business

Explanation:

when the business is small there will be less department but if the business is big then there will be more department

4 0
2 years ago
Read 2 more answers
Answer the next question on the basis of the following data. Output Total Cost 0 $24 1 33 2 41 3 48 4 54 5 61 6 69 The average f
Nezavi [6.7K]

Answer:

Option (A) is correct.

Explanation:

The average fixed cost is determined by dividing the total fixed cost by number of units produced.

Given that,

Fixed cost = $24

The average fixed cost of producing 3 units of output is:

= Total Fixed cost ÷  Number of units produced

= $24 ÷  3

= 8

Therefore, the average fixed cost of producing 3 units of output is $8.00.

8 0
3 years ago
In the Control Process, it is important to use the proper comparison method when comparing task results with its objectives and
DaniilM [7]

Answer: Personal comparison

Explanation:

When it comes to the Control Process, entities are allowed to use several comparison methods when comparing task results with objectives.

These include:

  • the Historical method where current performance is compared to past performance
  • the Relative comparison method where the organization's performance is compared against a benchmark of other organizations in the industry.
  • Engineering comparison where schedules are used to ensure that activities finish on time.

Personal comparison is not an acceptable method.

4 0
3 years ago
Other questions:
  • A company reported that its bonds with a par value of $50,000 and a carrying value of $65,500 are retired for $70,200 cash, resu
    7·1 answer
  • Does a 14 year old need a work permit to work at safeway
    14·2 answers
  • The common stock of the P.U.T.T. Corporation has been trading in a narrow price range for the past month, and you are convinced
    9·1 answer
  • What are some of the reasons businesses fail?
    6·1 answer
  • On August 31, 2018, Harvey and Margaret, who file a joint return and live in Charleston, South Carolina, sell their personal res
    15·2 answers
  • What term references a period of economic growth as measured by a rise in the real GDP?
    13·1 answer
  • Lusk Corporation produces and sells 15,500 units of Product X each month. The selling price of Product X is $25 per unit, and va
    11·1 answer
  • Smith has applied overhead of $73,000 and actual overhead of $87,600 for the month of November. It applies overhead based on dir
    5·1 answer
  • The largest expenditure component of gdp is:
    12·1 answer
  • Briefly state the reasons why a company would not wish to distribute all its profits to its shareholders.​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!