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]
2 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]2 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
Prince Paper has budgeted the following amounts for its next fiscal​ year: Total fixed expenses $ 900 comma 000 Selling price pe
stepan [7]

Answer:

The effect on net operating income would be an increase of $137,900

Explanation:

Giving the following information:

Selling price $85

Variable expenses per unit $ 35

If Price Paper spends an additional $12,100 on​ advertising, sales volume should increase by 3,000 units.

To calculate the effect on income, we need to determine the incremental total contribution, and deduct the incremental fixed costs:

Effect on income= 3,000*(85 - 35) - 12,100= $137,900

8 0
3 years ago
3. Which part of a letter identifies the address of the person writing the letter
bulgar [2K]

Answer:

Return Address

Explanation:

There are primarily <u>7 parts of a letter</u> and these are the following:

<em>1. Letterhead/Heading (business) or Return Address (an individual)</em>

<em>2. Date</em>

<em>3. Inside Address</em>

<em>4. Salutation/Greeting</em>

<em>5. Body</em>

<em>6. Complimentary Close</em>

<em>7. Signature</em>

The "Return Address" refers to the <em>address of the sender.</em> This includes the name of the sender as well. This is very important especially if the letter requires a response from the recipient.

8 0
3 years ago
The government has set a price floor on bread. Manufacturers can’t sell loaves for less than $5.00, which is a dollar above the
Aleonysh [2.5K]

Answer:

A. The quantity demanded for bread will decrease , quantity supplied will increase

Explanation:

PRICE FLOOR is the minimum mandated price set by government , usually above equilibrium price , to ensure producers' protection (if market price is perceived to be low) . EG : Minimum Support Price for agricultural products to protect farmers .

However at this raised price : There is Excess Supply , as Quantity Supplied increases with price increase (law of supply - price & supply direct relationship) , Quantity Demanded falls (law of demand - price & demand inverse relationship)  

6 0
3 years ago
Marketing by a service firm to effectively train and motivate its customer-contact employees and all the supporting service peop
ikadub [295]

Answer:

Internal

Explanation:

As the name implies, internal marketing is one in which a service firm trains employees in a product's company and its customers' contact to ensure maximum customer satisfaction. Internal marketing means that every member of staff is involved in marketing  and not just the marketing department of the firm.

Cheers.

7 0
3 years ago
Anna is willing to spend $500 for the bike she wants. if she finds a bike store where the price of the bike she wants is only $4
muminat
The answer is $100. The consumer surplus is $100 because that is the difference between what Anna has set as her ceiling for the purchase of the bicycle, $500, and then subtracted by the amount that she actually does pay, $400, that difference is what is referred to as consumer surplus. What the consumer is mentally committed to paying minus what the consumer actually pays.
8 0
3 years ago
Other questions:
  • An analysis of stressful events found that _____ had the greatest effect on adult happiness. getting divorced having to deal wit
    9·1 answer
  • What specific strategies Gloria can use to help her son make better decisions
    8·1 answer
  • What is the present value of $900 annuity payment over 6 years if interest rates are 10%
    12·1 answer
  • In the market for gasoline, if the change in demand due to the start of the summer driving season is greater than the change in
    6·1 answer
  • Fizzy Cola acquired 45% of the voting stock of National Bottlers on January 1, 2017, at a cost of $55,000,000, an amount equal t
    5·1 answer
  • WHY should families use active listening strategies?
    10·2 answers
  • The PGA operates as two divisions: one that governs the club professionals who serve amateur players and another, known today as
    5·1 answer
  • Have you ever used USAMS cable? How about it?
    7·1 answer
  • Rachel must store a few pieces of her furniture for six months. A storage unit costs $55 for the first month and $47.50 for the
    13·1 answer
  • What report shows which web pages get the most traffic and highest engagement?.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!