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
OLEGan [10]
3 years ago
12

Suppose the United States is currently producing 200 tons of hamburgers and 60 tons of tacos and Mexico is currently producing 4

0 tons of hamburgers and 50 tons of tacos. If the United States and Mexico each specialize in producing only one good​ (the good for which each has a comparative​ advantage), then a total of _____ additional​ ton(s) of hamburgers can be produced for the two countries combined ​(enter a numeric response using an integer) and a total of _____ additional ton(s) of tacos can be produced.
Business
1 answer:
4vir4ik [10]3 years ago
5 0

Answer:

Explanation:

United States is producing 200 tons of hamburgers and 60 tons of tacos.

United States' opportunity cost for producing 1 ton of hamburgers

= \frac{60}{200}

= 0.3

United States' opportunity cost for producing 60 tons of tacos.

= \frac{200}{60}

= 3.33

So we see that US has a lower opportunity cost in producing hamburgers, so it has a comparative advantage in producing hamburgers.

Mexico is producing 40 tons of hamburgers and 50 tons of tacos.

Mexico's opportunity cost of producing a ton of hamburgers

= \frac{50}{40}

= 1.25

Mexico's opportunity cost of producing a ton of tacos

= \frac{40}{50}

= 0.8

So we see that Mexico has a lower opportunity cost in producing tacos, so it has a comparative advantage in making tacos.

Since US specializes in making hamburgers, it will produce 200 tons of hamburgers and 0 tons of tacos.

Mexico specializes in making tacos, it will produce 50 tons of tacos and 0 tons of hamburgers.

You might be interested in
Eric wants to start a business. he is attracted to the idea of being his own boss, and wants to get started with a minimum of ex
Dovator [93]
The answer is true. Individuals who need to work for themselves frequently like to work their business, at any rate at first, as a sole proprietorship. Leeway of the sole proprietorship is that it is a generally simple and cheap type of business to set up. One disadvantage of a sole proprietorship is that the proprietor has boundless obligation. Notwithstanding, right now, Eric isn't stressed over hazard. The boundless risk factor does not seem, by all accounts, to be an issue for him.
4 0
3 years ago
Which of these is an example of the broad economic goal of growth? A. Bank failures spark a wave of new loan regulations by the
forsale [732]

“The federal government awards technology development contracts to U.S. businesses” is an example of the broad economic goal of growth.

 

Equity<span> <span>or </span>economic equality<span> is the concept or idea of fairness in </span>economics, particularly in regard to taxation or welfare economics.</span>

 

The correct answer between all the choices given is the third choice or letter C. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

<span> </span>

8 0
2 years ago
Read 2 more answers
What is productive efficiency? question 18 options:
slega [8]
<span>What is productive efficiency? A situation in which resources are allocated such that goods can be produced at their lowest possible average cost.

The resources are wanting to be used at the lowest possible average cost so that companies aren't having to give up the production of another item to produce that one. Being efficient while still maintaining good quality is the overall goal of productive efficiency. 
</span>
6 0
3 years ago
Robert works in the import-export department of Bank of America and he has noticed the following spot currency quotes: 1 U.S. do
lubasha [3.4K]

Answer:

2.3925

Explanation:

The computation of the Mexican pesos is shown below:

= (1 British pound × 1 U.S. dollar) ÷ 1 British pound for the Danish krone

= (1.65 × 10.875 ÷ 7.5)

= 2.3925 Mexican pesos

Simply we multiplied the 1 British pound with the 1 US dollar and then divide it by the 1 British pound for Danish krone so that the correct spot currency can come

3 0
2 years ago
Draw a demand for dollars curve. Label it D. Draw a supply of dollars curve. Label it S. Draw a point at the equilibrium quantit
brilliants [131]

Answer:

The forces of demand and supply in the market will pull the foreign exchange market into equilibrium.

Explanation:

When there is a surplus of dollar in the foreign exchange market the forces of demand and supply  will pull the foreign exchange market into equilibrium.<em> i.e. The exchange rate will be reduced to bring the exchange market to equilibrium. </em> without change in demand or supply.

attached below is the required graph.

3 0
2 years ago
Other questions:
  • On December 31, Strike Company has decided to discard one of its batting cages. The equipment had an initial cost of $236,300 an
    12·1 answer
  • Which of the following does not influence the consumer when he or she is deciding whether or not to buy a product?
    6·1 answer
  • What factor LEAST contributes to the success of an entrepreneur?
    11·1 answer
  • Motivation is​ a(n) ____________. A. model B. attitude C. paradigm D. theory E. process
    11·2 answers
  • Which of the following would be an effective way to let a national producer of children’s toys know that its products are substa
    11·1 answer
  • Kendra is the new finance manager for a swiftly growing software company. She frequently works with other departments to assist
    6·1 answer
  • The ____ rule explains variation in employee conduct through generalizing on the percentage of employees in any given organizati
    10·1 answer
  • What is the advantage of having only one inbox?
    11·2 answers
  • Factors of production are a. the physical relationships between economic inputs and outputs. b. the mathematical calculations fi
    11·1 answer
  • What type of bank account is the best person?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!