Two countries produce copper and lead. Country A can produce a maximum of 300 tons of copper per day or 150 tons of lead. Country B can produce a
maximum of 400 tons of copper per day or 100 tons of lead. Which
statement best describes this situation?
A. Country A has an absolute advantage producing copper.
B. Country B has a comparative advantage producing lead.
O c. Country B has a comparative advantage producing copper.
D. Country A has an absolute advantage producing copper and lead.

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

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

Suppose a starbucks tall latte cost $4.00 in the united states, 5.00 euros in the euro area and $2.50 australian dollars in australia. nominal exchange rates are .80 euros per dollar and 1.4 australian dollars per u. s. dollar. where does purchasing power parity hold? a. both the euro area and australia. b. neither the euro area or australia. c. the euro area but not australia. d. australia but not the euro area.