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
Varvara68 [4.7K]
3 years ago
8

See the production possibility tables for Marketopia and Econlandia below. Marketopia Econlandia Cookies Pies Cookies Pies 0 18

0 9 10 12 30 6 20 6 60 3 30 0 90 0 Given this information, we can determine that rev: 06_20_2018 Multiple Choice Econlandia has a comparative advantage in the production of pies. Marketopia has a comparative advantage in the production of pies. Marketopia has a comparative advantage in the production of both goods. Neither bakery has a comparative advantage.
Business
1 answer:
nordsb [41]3 years ago
8 0

Answer: Marketopia has a comparative advantage in the production of pies.

Explanation:

The bakery with the comparative advantage in any of the goods is the one that has a lower opportunity cost in making it.

Marketopia.

Opportunity cost of Cookies = 18/30 pies = 0.6 pies

Opportunity cost of pies = 30/18 pies = 1.67 cookies

Econladia

Opportunity cost of Cookies = 9/90 pies = 0.1 pies

Opportunity cost of pies = 90/9 pies = 10 cookies

<em>It is shown that Marketopia has a comparative advantage in the production of pies because the opportunity cost of such is 1.67 cookies as opposed to Econladia which is 10 cookies. </em>

You might be interested in
Edward is a member of the Knights of Columbus, a religious group dedicated to voluntary service to the benefit of society. He al
Ksenya-84 [330]

Answer:

fraternal benefit society

Explanation:

The fraternal benefit society is an organization in which the people generally  share the ethics, religious views, etc. Also this society provides the insurance to their members

Since in the question it is mentioned that the Edward who is a member of Knight of Columbus i.e. a religious group dedicated a voluntary service in order to give the benefit to society

So the knights of columbus is a fraternal benefit society

4 0
3 years ago
A company has set a low price on a new product it introduced. It wants to maximize its market share and attract a large number o
KATRIN_1 [288]

Answer:

A. Market-penetration pricing

6 0
2 years ago
Read 2 more answers
High school football is arguably more popular in West Texas than in any other region of the country. During football​ season, sm
Furkat [3]

Answer:

The answer is D. All of the above are plausible

Explanation:

A. Opportunity costs are relatively low is reasonable because as football game is taking place, most of the local people will go to the field to enjoy the field rather than spending their time at local shops/restaurants. Moreover, there are not many people from other towns visiting these facilities because of far distance.

B. is reasonable because it is high school football not professional football so the expenses spent on watching the game is low.

C. is is plausible because these towns are quite remote so watching their young neighbors/relatives playing may be one of the few entertainment choices available to them in weekend.

=> So, the answer is D.

8 0
3 years ago
One truth about using color in magazine advertising is?
Volgvan

Answer:

The correct answer is letter "A": Color ads are considered better suited for attracting and holding attention.

Explanation:

Magazines are mediums of communication targeted to a special sector of the market. Examples of magazines are <em>sports magazines, auto magazines, computer science and electronics magazines, </em>and <em>cuisine magazines</em> to mention a few.  

As magazines are published periodically it is important that the advertisement displayed captures the attention of the audience. To do so, magazines tend to use color promotions where readers can see the products being promoted more detailed than by just displaying them in black and white.

5 0
3 years ago
Now that you have studied monopolistic competition, let's see how well you can distinguish a firm in a monopolistically competit
vlabodo [156]

Answer:

<u>Monopolistic Competition:</u>

4. a firm that faces a downward sloping demand curve.

<u>Perfect Competition:</u>

1. a firm that produces with excess capacity in

3. a firm that may earn in an economy profit or loss in the short run

5. a firm that that maximizes profits profit in the long by producing where MR = MC

<u>Both:</u>

2. a firm that has a firm that sets price greater than marginal cost.

Explanation:

7 0
3 years ago
Other questions:
  • How do the Iowa Caucuses work?
    12·1 answer
  • George retired from a local law firm and then volunteered to oversee a nonprofit's legal records. george is performing the dutie
    5·1 answer
  • You have been instructed to place an order for a client to purchase 500 shares of every IPO that comes to market. The next two I
    14·1 answer
  • The sources of quantitative standards include
    10·1 answer
  • 3) Compute the annual allowable depreciation using the straight line method for a machine that costs $86,000 to purchase and $7,
    15·1 answer
  • Which of the following is the best way to protect against identity theft?
    11·2 answers
  • The purpose of growth accounting is to estimate the contribution each component of the aggregate production function makes to ov
    12·1 answer
  • Could you answer all these questions for me please? if you do you can have 100 points :)
    9·2 answers
  • How much would it cost for chester corporation to repurchase all its outstanding shares if the price fell by 10%? assume no brok
    14·1 answer
  • Kyle would increase his consumption of turkey sandwiches from 7 to 9 per week if their price fell from $6 to $4. This illustrate
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!