Business, 11.10.2019 22:30 keigleyhannah30

Suppose we have a 2-person world, with only stephen and his friend lebron. suppose that stephen can move 70 boxes or bake
28 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. 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.

d. no, trade isn't possible, because stephen has an absolute advantage in both making cookies and moving
boxes.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 16:00

The proliferation of bittorrent and other file sharing media have threatened the copyright system. based on an understanding of incentives and opportunity cost, how are the decisions of musicians likely impacted?

Answers: 2

Answer

Business, 22.06.2019 06:30

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods

Answers: 1

Answer

Business, 22.06.2019 10:30

On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?

Answers: 2

Answer

Business, 22.06.2019 12:30

land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)

Answers: 1

Answer

You know the right answer?

Suppose we have a 2-person world, with only stephen and his friend lebron. suppose that stephen can...

Questions