Business, 28.08.2021 02:10, SassyChumpkins

Suppose that France and Germany both produce wine and schnitzel. The table below shows combinations of the goods that each country can produce in a day. France Germany
Wine (Bottles) Schnitzel (Kilograms) Wine (Bottles) Schnitzel (Kilograms)
0 12 0 25
1 9 1 20
2 6 2 15
3 3 3 10
4 0 4 5
5 0

Suppose that France is currently producing 1 bottle of wine and 9 kilograms of schnitzel and Germany is currently producing 3 bottles of wine and 10 kilograms of schnitzel. Then, assume instead that France and Germany specialize by producing only the good for which they have a comparative advantage and then and then trade 3 bottles of wine for 11 kilograms of schnitzel.

After specialization and trade, France gains by consuming the same amount of wine and additional pounds of schnitzel.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 10:30, pierrezonra

What are the positive environmental trends seen today? many industries are taking measures to reduce the use( _gold, carbon dioxide, ozone_) of -depleting substances and are turning to(_scarce, renewable, non-recyclable_) energy sources though they may seem expensive. choose one of those 3 option to fill the

Answers: 3

continue

Business, 22.06.2019 11:00, ilovecatsomuchlolol

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units. required: prepare a production budget by month and in total, for the second quarter.

Answers: 3

continue

Business, 22.06.2019 11:00, cranfordjacori

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.

Answers: 2

continue

Business, 22.06.2019 14:50, kianofou853

Ann chovies, owner of the perfect pasta pizza parlor, uses 20 pounds of pepperoni each day in preparing pizzas. order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. if she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?

Answers: 3

continue

Do you know the correct answer?

Suppose that France and Germany both produce wine and schnitzel. The table below shows combinations...