Suppose that companies in the United States can produce a car with 200 labor hours and a ton of rice with 20 labor hours. In China it takes 250 labor hours to make a car and 50 labor hours to grow a ton of ricewhat is the opportunity cost of producing rice in each country stated in terms of rice. 1. What is the opportunity cost of producing rice in each count, stated in terms of cars?2. What is the opportunity cost of cars, stated in terms of rice?3. Which country has a comparative advantage in cars?4. Which in rice?
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 16:10, 2xLaFlare
Computing depreciation, net book value, and gain or loss on asset sale lynch company owns and operates a delivery van that originally cost $46,400. lynch has recorded straight-line depreciation on the van for four years, calculated assuming a $5,000 expected salvage value at the end of its estimated six-year useful life. depreciation was last recorded at the end of the fourth year, at which time lynch disposes of this van. compute the net bookvalue of the van on the disposal date.
Answers: 1
Business, 22.06.2019 10:20, Sparkledog
Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.
Answers: 1
Business, 22.06.2019 17:50, nuggetslices
On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?
Answers: 2
Do you know the correct answer?
Suppose that companies in the United States can produce a car with 200 labor hours and a ton of rice...
Questions in other subjects:
Spanish, 11.11.2020 01:00
Mathematics, 11.11.2020 01:00
History, 11.11.2020 01:00
Mathematics, 11.11.2020 01:00
English, 11.11.2020 01:00
