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
arlik [135]
3 years ago
13

Assume India can produce either 15 bottles of milk or 50 cartons of eggs using all of its available resources, and Indonesia can

produce either 25 bottles of milk or 35 cartons of eggs using all of its available resources. After each country fully specializes in producing the good in which it has a comparative advantage, how many cartons of eggs will India produce
Business
1 answer:
diamong [38]3 years ago
5 0

Answer:

50 cartons of eggs

Explanation:

The comparative advantage is a principle in which a country specializes in the production a good in which it has a lower opportunity cost than others.

                 Bottles of milk     cartons of eggs

India                  15                              50

Indonesia          25                             35

In this situation, the opportunity cost for India of producing 1 bottle of milk is producing 3.33 cartons of eggs. The opportunity cost for Indonesia of producing 1 bottle of milk is producing 1.4 cartons of eggs. This means that Indonesia has a lower opportunity cost and a comparative advantage in producing bottles of milk.

In the other part, the opportunity cost for India of producing 1 carton of eggs is producing 0.3 bottles of milk and the opportunity cost for Indonesia of producing 1 carton of eggs is producing 0.71 bottles of milk. This means that India has a lower opportunity cost and a comparative advantage in producing cartons of eggs.

According to this, India would specialize in producing eggs as it has a comparative advantage and the country will produce 50 cartons of eggs.

You might be interested in
The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000,
dexar [7]

Answer:

The simple rate of return on the investment is closest to 19.16%

Explanation:

In order to calculate the the simple rate of return on the investment we would have to use the following formula:

simple rate of return = <u>Annual incremental net operating income</u>

                                                  Initial investment

<u />

Initial investment = Cost of the new machine - salvage value of old machine

Initial investment  = $384,000 - $24,000 = $360,000

Annual cost savings = $133,000

Annual depreciation = $384,000/6 = $64,000

Therefore, Annual incremental net operating income = $133,000 - $64,000  = $69,000

Therefore, simple rate of return = $69,000  / $360,000 = 19.16%

The simple rate of return on the investment is closest to 19.16%

6 0
3 years ago
What is an autotroph
ZanzabumX [31]
An organism that is able to form nutritional organic substances from simple inorganic substances such as carbon dioxide

Hope this helps :)
7 0
3 years ago
Read 2 more answers
1. What is the difference between pricing objectives and pricing constraints?
yarga [219]

Answer: pricing constraints are factors that limit the range of price a firm May set,such as newness of the product (alternative) , demand for the product class, product, and brand (alternative), cost of producing in marketing the product (alternative), competitors prices.

Pricing objectives-include maximizing profit, increasing sales volume, matching competitors prices,each pricing requires a different price-setting strategy in order to successfully achieve.

Explanation:

8 0
3 years ago
Please help
Sindrei [870]

Answer:

In which type of economy is a business owner most likely to benefit from free enterprise? (1 point) In a market economy because there is lots of competition and not much take back from the government. This economy is ideal for a free enterprise.

8 0
3 years ago
The relationship between a product line and product mix is Multiple Choice there is no significant difference other than minor p
Mars2501 [29]

Answer:

product mixes include product lines.

Explanation:

The product line is a group of products that are interrelated as they satisfy the needs and also they are used together and are sold to the similar customer group via similar outlets

It involved the product line that are offered by the company

Therefore according to the given situation, last one is correct answer

And, the same would be relevant

4 0
3 years ago
Other questions:
  • Question 1
    15·2 answers
  • It is important for a good economic model to predict cause and effect so that it can: explain events that have occurred and help
    12·2 answers
  • The primary of financial reporting is to provide financial information about companies that is useful to capital providers for d
    7·1 answer
  • A car dealership union negotiates a contract that dramatically increases the salaries of all salesmen. If one of the salesmen is
    6·1 answer
  • Write an essay about Reception and basic etiquette of
    11·1 answer
  • "Your customer, age 68, who has an IRA account at your firm valued at $500,000, passes away. The customer leaves the account to
    9·1 answer
  • Bayou Financial Corporation holds a security interest in property owned by Cajun Farms. Perfection of this security interest may
    7·1 answer
  • Tidy Limited purchased a new van on January 1, 2018. The van cost $36,000. It has an estimated life of six years and the estimat
    7·1 answer
  • If stock prices go up and people feel richer, aggregate demand will: stay the same because there have been no changes to the und
    11·2 answers
  • Tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local community college. He is
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!