The Dominican Republic and Nicaragua both produce coffee and rum. The Dominican Republic can produce 18 thousand tons of coffee per year or 9 thousand barrels of rum. Nicaragua can produce 8 thousand tons of coffee per year or 2 thousand barrels of rum.

a. Suppose the Dominican Republic and Nicaragua sign a trade agreement in which each country would specialize in the production of either coffee or rum.

Which country should specialize in coffee? (Click to select) The Dominican Republic Nicaragua

Which country should specialize in rum? (Click to select) The Dominican Republic Nicaragua

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine

An is a tax issues by the federal government on important goods

What is marginal costs and benefits might a tour boat operator consider when deciding whether to purchase a new boat?