Business, 29.01.2021 14:00, girlysimbelieve

Suppose that a worker in Agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in Zenland can produce either 5 units of organic grain or 15 units of incense per year. There are 10 workers in Agland and 20 workers in Zenland. Currently the two countries do not trade. Agland produces and consumes 50 units of grain and 10 units of incense per year. Zenland produces and consumes 100 units of grain and no incense per year. The combined output of the two countries is therefore 150 units of grain and 10 units of incense per year. If the two countries decided to trade and completely specialize in producing the good for which each has a comparative advantage, what would the combined yearly output of the two countries be? 50 units of grain and 40 units of incense

100 units of grain and 300 units of incense

150 units of grain and 20 units of incense

200 units of grain and 150 units of incense

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:00, samwamooo

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.

Answers: 2

continue

Business, 22.06.2019 17:00, ocean11618

Oliver is the vice president of production at his company and has been managing the launch of new software systems. he worked with a team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the product. which department managers were part of oliver’s team?

Answers: 3

continue

Business, 22.06.2019 20:20, cjp271

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

Answers: 1

continue

Business, 23.06.2019 01:30, minecrafter3882

What is the name of the company and the stock symbol you chose? what is the p/e ratio? what information did you find about the company? why did you choose this stock? company name: stock symbol: p/e ratio: information about the company: why did you choose this stock?

Answers: 2

continue

Do you know the correct answer?

Suppose that a worker in Agland can produce either 10 units of organic grain or 2 units of incense p...