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
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.

You might be interested in
Utility gained with each individual unit of a good that you purchase is called ______________. (select the best answer.) select
xxMikexx [17]
<span>Utility gained with each individual unit of a good that you purchase is called </span>a. marginal utility

This is of high importance because marginal utilities are used to determine how many items a consumer is willing to buy.
6 0
3 years ago
In economic analysis, the value of your next best option is the
gayaneshka [121]
The value of  the best choice is called ' Opportunity Cost' in economics.
7 0
3 years ago
George murdock discovered that only a few jobs were consistently male-dominated in his study of 324 societies around the world.
Lana71 [14]
H<span>e considered all of the following as male-dominated jobs except for taking care of cattle.
This job is either balanced between men and women, or is female-dominated completely, according to George Murdock. Based on his study, he concluded that men usually dominate in jobs such as pursuing sea mammals, hunting, and making weapons, whereas that is not the case with taking care of cattle.
</span>
6 0
3 years ago
The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entr
ehidna [41]

Answer:

Given that,

Company's bank reconciliation at June 30 included interest earned = $150

So, it must be cash must be debited and interest revenue must be credited in the accounts.

Therefore, the journal entry is as follows:

Cash A/c Dr. $150

     To Interest revenue   $150

(To record the interest revenue earned)

7 0
3 years ago
The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin
Digiron [165]

Answer:

$95,400

Explanation:

Step 1 : Find  the equivalent units of production in Ending Work in Progress

Materials = 18,000 x 100 % = 18,000 units

Conversion costs = 18,000 x 60 % = 10,800 units

Step 2 : Calculate the Cost of units in Ending Work in Progress

Cost of units in Ending Work in Progress = 18,000 x $2.75 + 10,800 x $4.25

                                                                    = $95,400

Conclusion :

The ending work in process inventory was $95,400.

3 0
2 years ago
Other questions:
  • You run a game-day shuttle service for parking services for the local ball club. Your total costs for different customer loads a
    14·1 answer
  • Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return that she is earning.
    15·1 answer
  • Select all the correct answers.
    5·1 answer
  • As it become easier to sell an asset in the secondary market relative to alternative assets, holding everything else unchanged,
    11·1 answer
  • Sharon lives in a state that has a no-fault automobile insurance law. Under the law, an injured person has the right to sue the
    11·1 answer
  • The management of a rental building faces a rent control situation, where it cannot charge more than $400 a month in rent on the
    6·1 answer
  • Marigold Corp.'s accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $3200
    7·1 answer
  • ART Inc. has come out with a new and improved product. As a result, the firm projects an ROE of 25% a year until the end of year
    11·1 answer
  • List Five products not in the Market​
    14·1 answer
  • the xyz block company purchased a new office computer and other depreciable computer hardware for $12,000. during the third year
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!