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diamong [38]
3 years ago
9

The countries of Orion and Scorpius are small mountainous nations. Both produce granite and blueberries. Each nation has a labor

force of 800. The table below gives production per month for each worker in each country. Assume productivity is constant and identical for each worker in each country.
Tons of Granite Bushels of Blueberies
Orion workers 6 9
Scorpius workers 3 7

(1) ______ has a comparative advantage in the production of granite
(2) ______ has a comparative advantage in the production of Blueberies.
Business
1 answer:
Ghella [55]3 years ago
7 0

Answer:

Orion has a comparative advantage in the production of granite .

Scorpius has a comparative advantage in the production of Blueberries.

Explanation:

We have the relative cost for Orion of producing one Ton of Granite is: 9/6 = 1.5 Bushels of Blueberries, while the relative cost for Scorpius of producing one ton of Granite is : 7/3 = 2.33 Bushels of Blueberries. Thus, Orion has comparative advantage of producing Granite.

We have the relative cost for Orion of producing one Bushels of Blueberries is: 6/9 = 0.67 ton of granite, while the relative cost for Scorpius of producing one Bushels of Blueberries is : 3/7 = 0.43 ton of granite. Thus, Scorpius has comparative advantage of producing Blueberries.

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Answer:

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Explanation:

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3 years ago
Jon is a cash-basis taxpayer and has adjusted gross income of $40,000 in 2018. During the year he incurred and paid the followin
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Complete Question:

Jon is a cash-basis taxpayer and has adjusted gross income of $40,000 in 2018. During the year he incurred and paid the following medical expenses.

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How much medical expense can he deduct as itemized deduction?

Answer:

Jon

Medical expense that Jon can deduct as itemized deduction:

= $375

Explanation:

a) Data and Calculations:

Adjusted gross income = $40,000

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Health insurance premiums $750

Doctors' fees $2,250

Eyeglasses $75

Total  = $3,375

Under Tax Cuts and Jobs Act (TCJA), the medical expenses which can be deducted as an itemized deduction on the federal income tax return are only to the extent that they exceed 7.5% of adjusted gross income (AGI).

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Answer:

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Answer:

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6 0
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