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
Viktor [21]
3 years ago
11

Assume Ireland and Mali can both produce grain and dates, and that the only limited resource is the farming labor force, meaning

that land, water, and all other resources are plentiful in both countries. Each farmer in Ireland can produce 10t of grain or 5t of dates in a season. Each farmer in Mali can also produce 10t of grain or 25t of dates.
Required:
a. Which country has the absolute advantage in producing dates?
b. Which country has the absolute advantage in producing grain?
c. Which country has the competitive advantage in producing dates?
d. Which country has the comparative advantage in producing grain?
Business
1 answer:
likoan [24]3 years ago
7 0

Answer:

a. Which country has the absolute advantage in producing dates?

Mali

b. Which country has the absolute advantage in producing grain?

None

c. Which country has the competitive advantage in producing dates?

Mali

d. Which country has the comparative advantage in producing grain?

Ireland

Explanation:

Opportunity cost of producing dates:

Ireland = 10 / 5 = 2 tons of grains

Mali = 10 / 25 = 0.4 tons of grains

Opportunity cost of producing grains:

Ireland = 5 / 10 = 0.5 tons of dates

Mali = 25 / 10 = 2.5 tons of dates

You might be interested in
To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southw
larisa86 [58]

Answer:

See Explanation section

Explanation:

We know,

Profit = Sales - Expenses

To find the total seminar profit, we have to determine the number of newly opened accounts. As it is binomial distribution, we have to make an equation to reach out the seminar profit -

Therefore, the profit equation = (new opened account × Sales commission) - Fixed seminar costs

Since we do not know how many attended open account, the profit equation of seminar = (New open account × $5,300) - $3,700

6 0
3 years ago
Location Score
dolphi86 [110]

Answer and Explanation:

The computation of composite score for each location is shown below:-

Composite score for A is

= 0.15 × 89 + .20 × 75 + 0.18 × 92 + 0.27 × 92 + 0.10 × 93 + 0.10 × 90

= 88.05

 Composite score for B is

= 0.15 × 78 + .20 × 93 + 0.18 × 90 + 0.27 × 93 + 0.10 × 97 + 0.10 × 96

= 90.91

Composite score for C is

= 0.15 × 84 + .20 × 98 + 0.18 × 87 + 0.27 × 82 + 0.10 × 84 + 0.10 × 95

= 87.90

Therefore for computing the composite score for each location we simply multiply weight with A location and in the same manner of A, B and C

b. The maximum composite score from A, B and C is B

8 0
3 years ago
To ease joey's work of breathing you have joey assume a position of comfort. you anticipate joey will want to:
cestrela7 [59]
The answer is sit up. It is anticipated that Joey wants to sit up. In addition to asthma, pathophysiology of asthma includes airway inflammation, bronchospasm and airway obstruction. The Tilade or nedocromil sodium is commonly used with children with mild asthma. Its primary therapeutic action is to decrease histamine release and Proventil is used as a frontline treatment for an asthma exacerbation in which its primary therapeutic action is to induce bronchodilation.  
7 0
3 years ago
A generation ago, workers tended to work for three to four employer(s) during their working years. Group of answer choices True
Sergio [31]
I believe your answer is true
8 0
2 years ago
A price-discriminating firm charges the lowest price to the group that
Sphinxa [80]

Answer: price-discriminating firms charge more price from the group that has less price elasticity of demand than the group that has more elastic demand

Explanation:

Means, the group that does not decrease their demand as the price goes up. Price discriminating firms charge more price from such groups. Let me explain more that what price discriminating firms are.

These are the firms that charge different prices for similar and identical good from different groups.

5 0
3 years ago
Other questions:
  • What is risk pooling???
    14·1 answer
  • Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $45 to you. One of you
    6·1 answer
  • A company or department may standardize with a specific ____ so that all of their documents have a similar appearance.
    9·1 answer
  • An easy way to make a document available to several people is by
    13·1 answer
  • We are trading a large amount of goods with a Thai customer, and the customer is requesting full payment in L/C, as they have be
    14·1 answer
  • Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:
    12·1 answer
  • A profit-maximizing entrepreneur rents an apple orchard for a day. He is a price taker in both the market for labor and the mark
    8·1 answer
  • On January 1, 2022, Blue Corporation issued $1,610,000 face value, 8%, 10- year bonds at $1,506,675. This price resulted in an e
    6·1 answer
  • The 2018 balance sheet of Speith’s Golf Shop, Inc., showed long-term debt of $5 million, and the 2019 balance sheet showed long-
    9·1 answer
  • Balance Sheet
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!