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
Nataly [62]
3 years ago
11

When Kim and Liam move from spending 30 minutes of each hour producing pies and 30 minutes producing cakes to specializing in th

e good in which they have a comparative​ advantage, the total gains from trade are​ ______ pies and​ ______ cakes.
A.​30; 100
B.​100; 400
C.​100; 30
D.​40; 200
Business
1 answer:
Novay_Z [31]3 years ago
8 0

Answer:

A) 30 pies and 100 cakes.

Explanation:

Kim can produce 40 pies or 400 cakes an hour. Liam can produce 100 pies or 200 cakes an hour.

Since each one will specialize in the production of the good in which they have a comparative advantage, Kim will produce cakes and Liam will produce pies.

before specialization Kim produced 20 pies and 200 cakes, while Liam produced 50 pies and 100 cakes.

So the total gains from trade are:

  • 50 pies - 20 pies = 30 pies
  • 200 cakes - 100 cakes = 100 cakes
You might be interested in
Mulherin's stock has a beta of 1.23, its required return is 11.75%, and the risk-free rate is 2.30%. What is the required rate o
koban [17]

Answer:

a. 9.98%

Explanation:

The computation of required rate of return is shown below:-

Required return= Risk - Free rate + Beta × (Market rate- Risk-free rate)

11.75% = 2.30% + 1.23 × (Market rate - 2.3%)

(11.75% - 2.30%) ÷ 1.23 = Market rate - 2.3%

Market rate = (11.75% - 2.30%) ÷ 1.23 + 2.3%

=9.98%

Therefore for computing the required rate of return on the market we simply applied the above formula.

3 0
3 years ago
What term refers to the knowledge, education, training, skills, and expertise of a firm's workers?
makkiz [27]
<span>Human capital is the term that refers to the knowledge, education, training, skills, and expertise of a firm's workers.
</span>Gary Becker, an economist from the University of Chicago has popularized this term. <span> The human capital includes assets of individuals that can be used to create economic value for the individuals, their employers, or their community: </span>
7 0
3 years ago
2 economy questions ..
kenny6666 [7]
To protect consumers from potentially dangerous manufactured goods, the us government is most likely to use : Regulation
For example, the Government will put safety regulations to ensure that all the goods are fulfilling the standard

hope this helps
3 0
3 years ago
Your career goals might help determine the postsecondary educational institute you attend.
Phantasy [73]

Answer:

true

Explanation:

What you do now or what your planning on doing can always determines what you can possibly do next. But you have to make sure your not doing or posting anything bad on the internet or else they won't hire you.

7 0
3 years ago
Giving away points <br> Come quick
mezya [45]

Answer:

Crab

Explanation:

crab likes points

6 0
3 years ago
Read 2 more answers
Other questions:
  • A ________ specifically details how you plan to find customers and sell your product.
    15·1 answer
  • Clarksen company uses a process costing system. the company requisitioned $93,000 of materials for department a and $67,000 of m
    5·1 answer
  • WACC.  
    15·1 answer
  • The income statement for Electronic Wonders reports net sales of $91,628 million and cost of goods sold of $69,148 million. An e
    9·1 answer
  • Theresa, an outside sales person, uses her car for both business and pleasure. Last year, she traveled 30,000 miles, using 900 g
    13·1 answer
  • Teresa rents her apartment for ​$860 per​ month, utilities not included. When she moved​ in, she paid a ​$700 security deposit u
    14·2 answers
  • A firm currently sells $1,750,000 annually of an expensive product line. That firm is considering a similar, less expensive, dis
    13·1 answer
  • g Bob is a wheat farmer, but also likes to give fiddle lessons. One spring day, Bob faces a choice: spend ten hours planting whe
    13·1 answer
  • When do things move faster? Day or night?​
    10·2 answers
  • Hi! I need help with this
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!