What term means the unused option when deciding how to use one's<br> resources.

Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can

Dafna1 [17]

Answer: d. 340 bushels of corn and 500 bushels of oats.

Explanation:

The country that has the lower opportunity cost in producing a certain commodity is the one with competitive advantage.

Cornland

Opportunity cost of growing Corn = 10/40 = 1/4 bushels of oats

Opportunity cost of growing oats = 40 / 10 = 4 bushels of corn

Oatland

Opportunity cost of growing Corn = 50/5 = 10 bushels of oats

Opportunity cost of growing oats = 5/50 = 1/10 bushels of corn

Cornland therefore has competitive advantage in producing corn and Oatland has competitive advantage in oats.

If both countries traded, Cornland would focus on corn and Oatland would focus on oats.

If all of Cornland's workers focused on corn, production would be:

= 20 * 40 bushels per worker

= 800 bushels of corn

If all of Oatland workers focused on oats, production would be:

= 20 * 50

= 1,000 bushels of oats

Increase in corn would be:

= 800 - (400 bushels from Cornland + 60 bushels from Oatland)

= 340 bushels of corn

Increase in oats:

= 1,000 - (100 bushels from Cornland + 400 bushels from Oatland)

= 500 bushels of oats

4 0

3 years ago

Social responsibility is

snow_tiger [21]

Answer:

The correct answer is D.

Explanation:

The term social responsibility can be defined as an ethical framework or idea where the individuals and organizations feel obligated to work for the benefit of society at large. They feel accountable to a larger society.

We know that a trade-off exists between economic growth and the welfare of society. The idea of social responsibility is to make an equilibrium between these two such that both economic growth and social welfare is achieved.

This idea is not only limited to organizations but to anyone whose actions affect the environment.

7 0

4 years ago

How are strikes damaging to workers and companies?

nataly862011 [7]

During strikes, Worker do not get paid and can't earn money, causing them having a hard time to afford a living until strike is over.
Companies will have bad business

8 0

3 years ago

Read 2 more answers

When an individual goes to a supermarket and selects a box of cereal from several choices of type, brand, and size, it is an exa

Sidana [21]

Intermediaries are often known as individuals who are known to be a link in the distribution process. They connect the various channel partners.

When an individual goes to a supermarket and selects a box of cereal from several choices of type, brand, and size, it is an example of the value of marketing intermediaries who provide an assortment.

There are four types of intermediary. They are

Agents
Wholesalers
Distributor, and
Retailers.

An organization often has many intermediaries in its distribution channel as they want.

Conclusively, amidst the types of intermediaries, helps provide several alternative to humans, so that we can choose base on our preference.

Learn more from

brainly.com/question/9727245

6 0

3 years ago

A performance rating error in which the rater tends to give employees either extremely high or extremely low ratings is referred

victus00 [196]

D. leniency is based on when somebody rates an employee too high. Strictness error is when somebody was rated very very low.

3 0

3 years ago

What term means the unused option when deciding how to use one's resources.