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
posledela
2 years ago
11

Without trade, the farmer produced and consumed 2 pounds of pork and 4 pounds of tomatoes and the rancher produced and consumed

4 pounds of pork and 2 pounds of tomatoes. then, each person agreed to specialize in the production of the good in which he has a comparative advantage and trade 4 pounds of pork for 6 pounds of tomatoes. as a result,
Business
1 answer:
Elis [28]2 years ago
6 0

Answer:

the farmer gained 6 hours worth of production and the rancher gained 8 hours worth of production.

Explanation:

                 Labor Hours to Make 1 lb. of        lbs. Produced in 24 Hours

                  Pork                  Tomatoes              Pork            Tomatoes

Farmer        6                            3                       4                       8

Rancher     4                            4                       6                      6

If both decide to specialize in producing only one good, the farmer will produce 8 pounds of tomatoes per day and the rancher will produce 6 pounds of pork per day.

This way when the rancher trades 4 pounds of pork in exchange for 6 pounds of tomatoes, he is gaining 2 pounds of pork which is equivalent to 8 labor hours.

When the rancher trades 6 pounds of tomatoes in exchange for 4 pounds of pork, he is gaining 2 pounds of tomatoes which is equivalent to 6 labor hours.

You might be interested in
If the firm’s beta is 1.6, the risk-free rate is 9%, and the average return on the market is 13%, what will be the firm’s cost o
Luden [163]

Answer:

CAPM= RF+B(RM-RF)

= 9+1.6(13-9)

=15.4%

13=RS+1.6*(4)

13=RS+6.4

RS=13-6.4

RS=6.6%

Explanation:

3 0
3 years ago
a publisher has orders for 600 copies of a certain text from san francisco and 400 copies from sacramento. the company has 700 c
BaLLatris [955]

The publisher wants to fill both orders at <u>the least cost is $4600</u>

<u></u>

<h3>What is publisher?</h3>

Publishers are establishing a more significant position in the customer journey as customers utilize media content to discover and explore products and brands online. Publishers are implementing ecommerce strategies that place them in a position where they can work with retailers and brands to increase conversions. And marketers are realizing the value of publisher alliances as a method to shorten the funnel.

mostly through affiliate commerce agreements with companies and retailers. However, brand-new content techniques and use cases are appearing, such as those provided by affiliate-driven online marketplaces and social commerce.

mostly through affiliate commerce agreements with companies and retailers. However, brand-new content techniques and use cases are appearing, such as those provided by affiliate-driven online marketplaces and social commerce.

Learn more about Publishers

brainly.com/question/26695020

#SPJ4

3 0
1 year ago
Some spending and taxes increase or decrease with the business cycle. This event often has an effect on the economy that is simi
spayn [35]

Answer: Automatic stabilizers

Explanation:

 The automatic stabilizers are one of the type of fiscal policy that which are design for the economical fluctuation. It is mainly authorized by the government and also by the policy makers.

The automatic stabilizer is also known as the economical policy and the activity is done without any government intervention. In this system, the income and taxes are get decreased or increased in the business cycle.

Therefore, Automatic stabilizers is the correct answer.

6 0
2 years ago
Which of the following is not a disadvantage to cash advances on a credit card? a. Cash advances are similar to loans in that th
Dominik [7]
<span>The statement that is not a disadvantage to cash advances on a credit card is that (A) </span>Cash advances are similar to loans in that they need to be paid back with interest. When you ask for a cash advance, it <span>is a service provided by most </span>credit card<span> and charge </span>card<span> issuers. This will become a credit limit.</span>
7 0
3 years ago
Read 2 more answers
Which is the difference between marginal cost and marginal revenue
Vinil7 [7]

Plsss hit as brainliest

4 0
3 years ago
Other questions:
  • When an employee does the work necessary to remove physical dirt or food residue from a surface, that is referred to as?
    11·1 answer
  • EXCESS CAPACITY Williamson Industries has $7 billion in sales and $1.944 billion in fixed assets. Currently, the company’s fixed
    14·1 answer
  • Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $25,000. What is the amount of
    10·2 answers
  • Linger Products uses a two-stage allocation method to assign costs to its products. The following information has been provided
    8·1 answer
  • T or F #9 LAST ONE QUICKLYYY
    7·1 answer
  • How can i earn from Brainly <br> Someone is there to help me <br> Plzzzzzzzzzzzzzzzzzzzzzzzzz
    14·2 answers
  • a small percent of international combinations fall short of their objectives and the majority continue operating for several yea
    9·1 answer
  • ⦁ Which of the following is a disadvantage of a sole proprietorship?
    13·1 answer
  • If a company can use 100% of its
    13·1 answer
  • Some firms, such as goldman sachs and morgan stanley, who were highly exposed to mortgage-backed securities, became ______ to qu
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!