Suppose we have a 2-person world, with only stephen and his friend lebron. suppose that stephen can move 48 boxes or bake 24 cookies in an hour. suppose that lebron could move 36 boxes or bake 9 cookies in an hour. is trade possible? choose one:
a. no, trade isn't possible, because lebron has an absolute advantage in both making cookies and moving boxes.
b. yes, trade is possible. stephen should make cookies while lebron moves boxes, because stephen has a comparative advantage in making cookies and lebron has a comparative advantage in moving boxes.
c. no, trade isn't possible, because stephen has an absolute advantage in both making cookies and moving boxes.
d. yes, trade is possible. stephen should move boxes while lebron makes cookies, because stephen has a comparative advantage in moving boxes, whereas lebron has a comparative advantage in making cookies.

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:

Which of the following has the largest impact on opportunity cost