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mihalych1998 [28]
3 years ago
14

Hi i hope you had a good day here are some ponits

Business
2 answers:
Fed [463]3 years ago
4 0

Answer:

Thanks Man

Explanation:

Bess [88]3 years ago
3 0

Answer:

Yay thx m8 ur awesome

Explanation:

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Initially, suppose Bellissima uses 1 million hours of labor to produce rye and 3 million hours to produce jeans, while Dolorium
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Bellisima's opportunity cost:  

Production of rye per million hours of labor = 24 / 12 = 2 pairs of jeans

Production of jeans per million hours of labor = 12 / 24 = 0.5 bushels of rye

Dolorium's opportunity cost:  

Production of rye per million hours of labor = 32 / 8 = 4 pairs of jeans

Production of jeans per million hours of labor = 8 / 32 = 0.25 bushels of rye

Dolorium has a comparative advantage in the production of jeans while Bellisima has a comparative advantage in the production of rye.

If both countries specialize:

Bellisima will produce 48 million bushels of rye.

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Total production of rye has increased by 12 million bushels.

Total production of jeans has increased by 24 million pairs.

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CMOCs.

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