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3 years ago

Al can make 10 chocolate and 5 candies a year and Betty can make 30 chocolate and 10 candies a year.

Business

1 answer:

Aleonysh [2.5K]3 years ago

6 0

Answer:

1. Betty ; 2. Betty ; 3. Candies

Explanation:

Absolute Advantage is when one can produce more output of a good per unit of input , comparatively than other .

Comparative Advantage is when one can produce a good's output by comparatively lesser opportunity cost (other good sacrifised) than other .

AI : Chocolates = 10 , Candies = 5

Betty : Chocolates = 30 , Candies = 10

As it can be seen : Betty can produce both of more - chocolates (30) & candies(10) than AI (10,5) . So, it has Absolute Advantage in both - Candies & Chocolates.

However, AI is twice more productive in chocolates than toffees (10,5) ; but Betty is thrice more productive in chocolates than toffees (30,10). Comparatively, Betty is more productive in Chocolates. So opportunity cost of Chocolate in terms of sacrifised toffees is less for Betty 0.33 (10/30) than AI 0.5 (5/10).

So, trade between them would be : Betty selling its comparative advantage good Chocolate , AI selling its less comparative disadvantage good Candies.

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If this is the complete question,
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The answer is.
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3 years ago

Consumer protection laws might result in:

motikmotik

I believe the answer is: A. Fewer unwanted telemarketing calls

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3 years ago

Read 2 more answers

On January 1, 2012, Gucci Brothers Inc. started the year with a $492,000 balance in Retained Earnings and a $605,000 balance in

dsp73

Answer:

option (C) $1,201,300

Explanation:

Data provided in the question:

Balance in retained earnings = $492,000

Balance in Common Stock = $605,000

Net income earned = $92,000

Dividend paid = $15,200

Common stocks issued = $27,500

Now,

Common Stock

= Balance in Common Stock + Common stocks issued

= $605,000 + $27,500

= $632,500

Retained Earnings

= Balance in retained earnings + Net income earned - Dividend paid

= $492,000 + $92,000 - $15,200

= $568,800

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= Common Stock + Retained Earnings

= $632,500 + $568,800

= $1,201,300

Hence,

The answer is option (C) $1,201,300

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3 years ago

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