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2 years ago

If the two countries were to specialize and trade with one another, which country would import airplanes?

Business

1 answer:

tresset_1 [31]2 years ago

6 0

The country that should import airplanes is country A.

<h3>Which country should import airplanes?</h3>

The country that should import airplanes is the country that does not have a comparative advantage in the production of airplanes. A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

A country has a lower opportunity cost if it forgoes less quantity of an alternative product when producing another product.

Opportunity cost of country A in the production of airplanes: 8 million / 8 = 1 million

Opportunity cost of country B in the production of airplanes: 4 million / 6 = 670,000

To learn more about comparative advantage, please check: brainly.com/question/25139916

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Answer:

The correct answer is C.

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Answer:

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Consumer surplus = $4

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Producer surplus = Total revenue - total cost.

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Producer surplus = $5 - $3

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3 years ago

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He used cheaper ticket for the actual flight and more expensive ticket was returned for credit. But, he submitted the expensive ticket for reimbursement.

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4 years ago