Based on information below (2 countries x 2 products), if US has comparative advantage in producing Rice, what can you say about
X? (note: figures represent production or output.)Please assume that X is a positive number.Rice CarUS 7 6Korea 9 XX < 4X > 54/7X < 63/7X < 7
1 answer:
Answer:
Check the explanation
Step-by-step explanation:
US has a comparative advantage in producing rice.
This means US's opportunity cost of producing rice is less than that of Korea.
Korea's opportunity cost of producing rice will be given as:
For producing 9 units of Rice, Korea gives up 5 cars.
For producing 1 unit of rice's, Korea will give up 5/9 units of car.
Kindly check the image below.
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Answer:
cups
Step-by-step explanation:
<h2>1. Info we have</h2>3/4=3/5
<h2>2. Solving</h2>3/4*1/3=3/5*1/3
1/4 = 1/5
1/4*5=1/5*5
5/4=5/5
5/4= 1 and 1/4 cups
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~~ SUMMER ~~
Answer:
Each oven is discounted by $20.
Step-by-step explanation:
Original price of oven in dollars =
To find total cost for 9 such ovens without discount we will apply unitary method.
If 1 oven costs in dollars =
Then 9 ovens will cost in dollars =
The ovens are purchased by a restaurant supplier at some discounted price.
The new price after discount in dollars =
We see that the total cost of 9 ovens which was originally has been decreased to
after discount.
The decrease amount is the discount amount on 9 ovens which is = $180
To find discount offered on each oven, we will again use unitary method.
Discount on 9 ovens = $180
∴ Discount on 1 oven =
∴ Each oven is discounted by $20.