In an eight-hour day, Andy can produce either 24 loaves of bread or 12 pounds of butter. Using all of his resources Bob can produce either 8 loaves of bread or 8 pounds of butter. an eight-hour day, Rolfe can produce either 24 loaves of bread or 24 kilograms of butter. Which of the following statements is true?
A) Andy has a comparative advantage in the production of bread.
B) Andy has an absolute advantage in butter production.
C) Rolfe has an absolute advantage in bread production.
D) Andy has an absolute advantage in bread production.
E) Rolfe has a comparative advantage in bread production.

Which of the following is intended to demonstrate to an employer the importance of cooperating with workers? a. a collective agreement. b. a stock offer. c. a boost in production. d. a work slowdown. 2b2t

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

1. alwaysrain irrigation, inc. would like to determine capacity requirements for the next four years. currently, two production lines are in place for making bronze and plastic sprinklers. three types of sprinklers are available in both bronze and plastic: 90-degree nozzle sprinklers, 180-degree nozzle sprinklers, and 360-degree nozzle sprinklers. management has forecast demand for the next four years as follows: both production lines can produce all the different types of nozzles. the bronze machines needed for the bronze sprinklers require two operators and can produce up to 12,000 sprinklers. the plastic injection molding machine needed for the plastic sprinklers requires four operators and can produce up to 200,000 sprinklers. three bronze machines and only one injection molding machine are available. what are the capacity requirements for the next four years? (assume that there is no learning.)