Musashi and Rina are farmers. Each one owns a 12-acre plot of land. The following table shows the amount of barley and alfalfa each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing barley or alfalfa or to produce barley on some of their land and alfalfa on the rest.
Barley Alfalfa
Bushels per acre Bushels per acre
Musashi 40 8
Rina 28 7
(Rina, Musashi) has an absolute advantage in the production of barley, and (Rina, Musashi) has an absolute advantage in the production of alfalfa.
Musashi's opportunity cost of producing 1 bushel of alfalfa is ( )bushels of barley whereas Rina's opportunity cost of producing 1 bushel of alfalfa is () bushels of barley. Because Musashi has a (higher, lower) opportunity cost of producing alfalfa than Rina, (Rina, Musashi) has a comparative advantage in the production of alfalfa, and (Rina, Musashi)? has a comparative advantage in the production of barley.
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 05:50, Courtneymorris19
1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls
Answers: 1
Business, 22.06.2019 07:30, cherylmorton7302
What is the relationship between the national response framework and the national incident management system (nims)? a. the national response framework replaces the nims, which is now obsolete. b. the response protocols and structures described in the national response framework align with the nims, and all nims components support response. c. the nims relates to local, state, and territorial operations, whereas the nrf relates strictly to federal operations. d. the nims and the national response framework cover different aspects of incident managementââŹâthe nims is focused on tactical planning, and the national response framework is focused on coordination.
Answers: 3
Business, 22.06.2019 15:30, gracerich
University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator á choose denominator = return on assetsá = return on assetsá = profit marginá = profit marginá = asset turnoverá = asset turnoverá = times
Answers: 2
Do you know the correct answer?
Musashi and Rina are farmers. Each one owns a 12-acre plot of land. The following table shows the am...
Questions in other subjects:
Mathematics, 18.04.2020 04:53
