SOMEONE PLS HELP ME!!

Sergeeva-Olga [200]

Answer:

Contente's opportunity cost of producing 1 bushel of rye is 0.5 of jeans, and Dolorium's opportunity cost of producing 1 bushel of rye is 0.25 of jeans. Therefore, DOLORIUM has a comparative advantage in the production of rye, and CONTENTE has a comparative advantage in the production of jeans.

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In this case, the country that produces rye will produce 64 million bushels per month, and the country that produces jeans will produce 24 million pairs per month.

Suppose the country that produces rye trades 54 million bushels of rye to the other country in exchange for 18 million pairs of jeans.

Dolorium:

Export 54 million bushels of rye

Consume 10 million bushels of rye

Import 18 million pairs of jeans

Contente:

Export 18 million pairs of jeans

Consume 6 million pairs of jeans

Import 54 million bushels of rye

Before specialization, the total production of rye = 36 + 16 = 52 million bushels, and the total production of jeans = 6 + 12 = 18 million pairs.

Because of specialization, the total production of rye has increased by 12 million bushels per month, and the total production of jeans has increased by 6 million pairs per month.

Calculate the gains from trade—that is, the amount by which each country has increased its consumption of each good relative to the first row of the table.

Contente:

Before specialization and trade, produced and consumed 6 million pairs of jeans and 36 million bushels of rye.

After specialization and trade, consumed 54 million bushels of rye and 6 million pairs of jeans.

Gain from trade is 18 million bushels of rye.

Dolorium:

Before specialization and trade, produced and consumed 12 million pairs of jeans and 16 million bushels of rye.

After specialization and trade, consumed 10 million bushels of rye and 18 million pairs of jeans.

Gain from trade is -2 million bushels of rye and 6 million pairs of jeans.

Explanation:

There is a mistake in the question, since Contente's production of jeans must be 6 per hour and its production of rye should be 12 bushels per hour. That is the only way that it can produce 6 million pairs of jeans and 36 million bushels of rye. Something similar happens with Dolorium, it must be able to produce 16 bushels of rye per hour and 4 pairs of jeans per hour in order to produce 12 million pairs of jeans and 16 million bushels of rye.

Country Rye Jeans

Contente 12 6

Dolorium 16 4

Contente's opportunity cost of producing rye = 6 / 12 = 0.5 pairs of jeans.

Dolorium's opportunity cost of producing rye = 4 / 16 = 0.25 pairs of jeans.

Dolorium's production of rye = 16 bushels x 4,000,000 labor hours = 64,000,000 bushels of rye.

Contente's production of jeans = 6 pairs x 4,000,000 labor hours = 24,000,000 pairs of jeans

8 0

4 years ago

Public relations personnel are constantly using the Web and social networks to communicate information about their employers and

Ratling [72]

Answer: Internet transparency

Explanation:

Internet or network transparency is defined as the process where a protocol transmits data transparently or invisibly to those who are using the applications that the protocol uses. This allows the person to access the information no matter where they are. An example is when people access files in the clouds, regardless of where they are, they can access the information.

Internet transparency allows the person not to have to worry about the location of the protocol, that is, they do not have to worry about which machine they are on, but can access it through another computer.

8 0

4 years ago

Smith Distributors, Inc., supplies ice cream shops with various toppings for making sundaes. On November 17, 2021, a fire result

jeka94

Answer:

Estimated cost of Fruit Toppings lost in the fire = $14,000

Estimated cost of Marshmallow Toppings lost in the fire = $5,300

Estimated cost of Chocolate Toppings lost in the fire = $1,260

Explanation:

Fruit Marshmallow Chocolate

Toppings Toppings Toppings

Inventory, January 1, 2013 [a] 22,000 7,200 3,200

Net purchases through Nov. 17 [b] 160,000 38,000 12,200

Net sales through Nov. 17 [c] 210,000 57,000 20,200

Historical gross profit ratio [d] 20 30 30

Gross Profit [c*d%] [e] 42000 17,100 6,060

Cost of Good Sold [c-e] [f] 168,000 39,900 14,140

Inventory, Nov 17, 2013 [a+b-f] [g] 14,000 5,300 1,260

7 0

3 years ago

Hidden Valley Communications, Inc., located in a remote area of Utah, made a special device that was used in 4th generation cell

Cerrena [4.2K]

Answer: Leveraged buyout

Explanation:

leveraged buyout is a system of business concept that describes an acquisition of a company done by debts. Where a company acquires another through borrowing money to match the cost of the company being bought. Company assets are often used as loan for collateral in this case and they are often used to trade the profit of many private equity firms.

This is what the employees at Hidden Valley Communications, Inc. did.

4 0

3 years ago

The Callie Company has provided the following information: Operating expenses were $237,000; Cost of goods sold was $364,000; Ne

Kobotan [32]

Answer:

$506,000

Explanation:

The gross profit of a company is the balance left after the deduction of costs associated with producing or selling of the company's goods or cost associated with providing services from the net revenue

The gross profit is simply calculated as

= Net revenue - Cost of goods sold

= $870,000 - $364,000

= $506,000

Therefore, Callie's gross profit is $506,000

3 0

3 years ago