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pantera1 [17]
3 years ago
5

Assume that England and Spain each has 40 labor hours available. Originally, each country divided its time equally between the p

roduction of cheese and bread. Now, each country spends all its time producing the good in which it has a comparative advantage. As a result, the total output of cheese increased by:____________
a. 15
b. 20
c. 25
d. 40
Business
1 answer:
Law Incorporation [45]3 years ago
3 0

Answer: a. 15

Explanation:

Given;

Labour hours available to each nations.

England = 40 labour hours.

Spain = 40 labour hours.

Solution:

Total production of bread in 40 labour hours for each nation from the table is 15.

England = 10

Spain = 5

Since both nations decided to focus on their strength where they pose comparative advantage, the production of cheese would increase by 15. As this is the amount of bread produced in that time frame of 40 labour hours.

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3 years ago
Carrejo Corporation has two divisions: Division M and Division N. Data from the most recent month appear below:
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Answer:

Break-even point (dollars)=  $219,656

Explanation:

Giving the following information:

Division N

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3 years ago
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Answer:

Following are the responses to the given question.

Explanation:

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Following are the complete conclusion to the given question:

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3 0
2 years ago
The average cost of tuition and room and board at a small private liberal arts college is reported to be $8,500 per term, but a
mojhsa [17]

Answer & Explanation:

The null hypothesis (H0) is what the study is trying to reject, is what the study wants to disprove. In this case, the financial administrator believes that the average cost of tuition and room is greater than $8,500. Then, he wants to statistically disprove that the average cost per term is equal to $8,500.

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3 0
3 years ago
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