Cully furniture buys 2 products for resale: big shelves and medium shelves (m). each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $350 and required 90 cubic feet of storage space. the company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. profit for each big shelf is $300 and for each medium shelf is $150.this is a maximization model. truefalse

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.