Alexi spends more time in the production of tacos and Tony spends more time in the production of Cuban sandwiches. So they enjoy comparative advantage in the production of these goods respectively.
Answer: Alexi earns $4200 and Tony earns $6300. Collectively they earn $10500 per week.
<u>Explanation:</u>
The opportunity cost of Alexi for producing one Taco is <u>0.67</u> cuban sandwiches.
The opportunity cost of Tony for producing one cuban sandwich is <u>1.29</u> tacos.
<u>Tony</u> has a comparative advantage in the production of cuban sandwiches.
<u>Alexi</u> has a comparative advantage in the production of street tacos.
Combined together they will produce a total of <u>1410</u> tacos and <u>1530</u> cuban sandwiches.
Alexi will spend <u>20 hours</u> in the production of tacos and Tony will spend<u> 20 hours</u> in the production of cuban sandwiches.
Tony will specialize in cuban sandwiches and will earn<u> </u><u>$ 6300 </u>and Alexi will specialise in producing tacos and will earn<u> $ 4200</u>.
Their joint revenue will be<u> $10500</u> per week.
Answer:
The options for this question are the following:
a. an exchange rate
b. a quota
c. a boycott
d. a dumping law
e. a tariff`
The correct answer is b. a quota
.
Explanation:
Import quotas are tools that countries have when it comes to limiting the physical quantity of a product that can be imported into their territories.
Within the different methods of control of foreign trade that a State has, there is the adoption of import quotas.
Therefore, this economic mechanism of trade restriction therefore supposes the application of limits of units or maximum weight of product that it is possible to import during a determined period of time.
Introducing this type of commercial measures is perfectly compatible with the introduction of others simultaneously. That is, a government can establish quota-based import trade strategies and set tariffs, for example.
You get to control how the business is run, you don't have to listen higher ups. It is also rewarding to see how well your business is doing.
Answer:
A bad idea, as A2 is not on the critical path.
Explanation:
Critical path is a path which is the shortest path of doing the activity.
When an activity is in critical path, then there is a benefit of crashing it. Or if it is not the part of critical path then the benefit is to crash the activity and then apply the spare resources in some activity which is a part of critical path.
Thus, crashing A2 which is not a part of critical path and then not deploying the resources on to the activities of critical path will not provide for any benefit.
It is ultimately not a wise idea.