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Viktor [21]
2 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]2 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

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Answer:

100,000 units

Explanation:

The computation of the transferred out units of the process is shown below:

= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 90,000 units × 100% + 10,000 units × 100%

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Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $3,400 of dir
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Answer:

Total cost of Job A3B=  $31,900

Explanation:

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Cost of September:

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Total= $13,200

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2 years ago
Molly is considering a project with cash inflows of $811, $924, $638, and $510 over the next four years, respectively. The relev
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