Business, 26.02.2020 21:21 elijahjacksonrp6z2o7
Suppose that Spain and Switzerland both produce rye and cheese. Spain's opportunity cost of producing a pound of cheese is 4 bushels of rye while Switzerland's opportunity cost of producing a pound of cheese is 10 bushels of rye. By comparing the opportunity cost of producing cheese in the two countries, you can tell thatSpain has a comparative advantage in the production of cheese andSwitzerland has a comparative advantage in the production of rye. Suppose that Spain and Switzerland consider trading cheese and rye with each other. Spain can gain from specialization and trade as long as it receives more than4 bushels of rye for each pound of cheese it exports to Switzerland. Similarly, Switzerland can gain from trade as long as it receives more than of cheese for each bushel of rye it exports to Spain.
Answers: 2
Business, 21.06.2019 14:50
Calvin works at a facility which processes apples. it costs the facility $0.68 to make either a jar of applesauce or a bottle of apple juice. due to the nature of the process and contractual agreements, calvin's facility must make and sell three jars of applesauce for every two bottles of apple juice. a jar of applesauce sells for $2.20, and a bottle of apple juice sells for $3.15. if the facility has annual overhead costs of $368,500, not including production costs, how many bottles of apple juice will the facility have sold when it breaks even every year? round to the nearest whole bottle, if necessary.
Answers: 3
Business, 22.06.2019 08:00
Why is it vital to maintain a designer worksheet? a. it separates the designs chosen for the season from those rejected by the company. b. it keeps a record of all designs created by the designer for a season. c. it charts out the development of an entire line through the season and beyond. d. it tracks the development of a design along with costing and production details. done
Answers: 1
Business, 22.06.2019 19:00
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
Answers: 1
Suppose that Spain and Switzerland both produce rye and cheese. Spain's opportunity cost of producin...
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