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
3 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]3 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
Renee Warning has a life insurance policy where the payments to beneficiaries get smaller as time passes. What type of term life
Agata [3.3K]

Answer:

<em>Decreasing term insurance</em>

Explanation:

Decreasing term insurance <em>is renewable life insurance with a predetermined rate of  decline in coverage over the life of the policy</em>.  

Premiums are generally continuous throughout the agreement,  and <em>there are typically monthly or annual reductions in coverage</em>.  

The idea behind the insurance maintains that certain obligations and  the associated need for elevated insurance rates are declining with age.

7 0
3 years ago
Kamal reproduces Lorena’s copyrighted work "Musica" without paying royalties. Kamal is most likely excepted from liability for c
Usimov [2.4K]

Answer:

Option B                                      

Explanation:

In simple words, Fair use refers to the one of the patent protections designed to align the rights of copyright owners with that of the public's best interest in the broader dissemination and use of artistic works by enabling such restricted uses that would otherwise be deemed infringing complaints as a protection against copyright violation.

Thus, from the above we can conclude that the correct option is B .

5 0
3 years ago
Each business unit has marketing and other specialized activities (e.g., finance, manufacturing, or research and development) at
grandymaker [24]

This is an example of business unit level.

4 0
3 years ago
Read 2 more answers
A firm must choose among three alternative ways to compensate its salaried employees. It can pay them at the end of each week, a
Murrr4er [49]
I believe the answer is B
6 0
3 years ago
The Style of leadership uses a hands-off approach,allowing the group to direct itself. Authoritarian. Democratic. Laissez-faire
natali 33 [55]

The correct answer is Laissez-faire.

Laissez faire is a style of leadership which uses hands-off approach by allowing the group to direct itself.

Laissez faire is termed as the economic system where there are free from intervention of government.

For example, tariffs, privileges, subsidies and regulations. It is a word which came from French to mean let it go.


8 0
3 years ago
Read 2 more answers
Other questions:
  • Heidi, the founder of Camp Bow Wow, proves herself to be a leader as she asks her employees for suggestions and inputs before ma
    14·1 answer
  • Which of the following acronyms refers to the safety procedure that workers should use when performing maintenance or repair on
    10·2 answers
  • Consider four different stocks, all of which have a required return of 14 percent and a most recent dividend of $3.50 per share.
    5·1 answer
  • Which course of action would the WTO take if member A tries to impose a trade barrier against member B?
    12·2 answers
  • What market structure predominantly uses product differentiation to attract consumers?
    8·2 answers
  • Consider the following hypothesis test: 1. A manufacturer takes a sample of 125 consumers. 2. They suspect that over 75% of cons
    7·1 answer
  • Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2018. In October 2018, Rick Co.'s Board of Direc
    15·1 answer
  • 1. Write any two characteristics of a company.​
    12·1 answer
  • HURRRRRY in the space provided, analyze the pris and cons of being a freelance multimedia artist. Gugr an example of work in whi
    15·1 answer
  • An advantage of Describe multichannel marketing is that catalogs can serve a shopping tools for online purchasing, as they do fo
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!