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mafiozo [28]
3 years ago
10

Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can

produce 36 units of food per year or 18 units of clothing. Which of the following is true?
a.Georgeland has an absolute but not a comparative advantage in producing clothing.
b.Georgeland has both an absolute and a comparative advantage in producing clothing.
c.Alland has an absolute but not a comparative advantage in producing food.
d.Alland has both an absolute and a comparative advantage in producing food.
Business
1 answer:
Gre4nikov [31]3 years ago
7 0

Answer:

a.Georgeland has an absolute but not a comparative advantage in producing clothing.

Explanation:

A country has a comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.

A person has an absolute advantage in production if it produces more quantities of the good when compared with other countries.

Georgeland produces more quantities of both food and clothes when compared to Alland, so it has absolute advantage in both activities .

The opportunity cost of georgeland in producing clothes = 36 / 18=2

The opportunity cost of georgeland producing food = 18 / 36 = 0.5

For Alland,

the opportunity cost of producing clothes = 32 / 16= 2

the opportunity cost of producing food = 16 / 32 = 0.5

Neither countries don't have a comparative advantage in the production of either clothes of food bedside they have the same opportunity costs in both activities.

I hope my answer helps you

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Explanation:

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3 years ago
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Answer:

1. $132,600

2. $7,700

3. $25,600

Explanation:

1. Calculation to determine Total current assets

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Let plug in the formula

Current liabilities= 19000 + 58000 + 1000

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2. Calculation to determine Short-term investments

Using this formula

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3. Calculation to determine the Retained earnings

Using this formula

Current assets + fixed assets = Current liabilities + Long term liabilities + paid in capital + retained earnings

Let plug in the

132,600 + 215,000 = 78,000 + 49,000 + 195,000 + Retained earnings

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3 years ago
Using the following routing information and a From-To Chart, determine the total flow efficiency of the parts assuming an alphab
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hello your question is incomplete attached below is the complete question

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3 years ago
Turnbull Co. is considering a project that requires an initial investment of $1,708,000. The firm will raise the $1,708,000 in c
Sedaia [141]

Answer:

11.25%

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