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Business, 15.01.2020 20:31, lillianbrowning10
The two toy store owners agree to specialize and to trade 30 puzzles for 10 puppets. the terms of trade are still 3 puzzles for each puppet. after they complete their trade, geppetto will have puzzles and puppets and lewis will have puzzles and puppets.
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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.
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Refer to exhibit 5-4. if tickets for viewing television show tapings are free, for which show will fans most likely have the longest wait to get tickets?
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