Dogs, cats, horses, cattle. what animals are on the list?
Answer:
The answer is 27 hours
Explanation:
Solution
The Comparative advantage depends on production of the lower opportunity cost
The opportunity cost of a production is =maximum production of other good /maximum production of the good
Now,
The opportunity cost of hot dog bun for town A =10/4=2.5
Thus,
The opportunity cost of hot dog bun for town B=6/10=0.6
So,
The town B has a comparative advantage in hot dog buns and A in sausages
Town A will produce-only sausages and it will take the time of
time in hours =total required a quantity of the good /number of products in an hour
Now,
The time for Town A for sausages=120/10=12 hours
The time for Town B for hot dog buns=120/8=15 hours
Therefore, The total time =12+15=27 hours.
The oligopoly is known to have a one producer dominating the market. This results in a few suppliers/sellers in the market, and thus can cause a high increase in the price of the products that are being sold in its respective community.
Well it is the toltal of the cost that will be created by it did it and got it correct