User Account

All Pages

Absolute advantage in growing roses

Assignment Help Business Economics
Reference no: EM131396082

Suppose both Monica and Edith grow roses and make guns. If Monica devotes 10 hours to growing roses, she grows 16 roses, and if she devotes 10 hours to making guns, she produces 4 guns. If Edith divides her 10 hours equally, she produces 12 roses and 6 guns. Identify the correct statement.

  • Monica has an absolute advantage in making guns, and Edith has an absolute advantage in growing roses. 

  • Monica has an absolute advantage in both growing roses and making guns.

  • Monica has an absolute advantage in growing roses, and Edith has an absolute advantage in making guns.

  • Edith has an absolute advantage in both growing roses and making guns.

Reference no: EM131396082

Questions Cloud

Use a chi square test to evaluate mars claim : In a 1.69-ounce package I got 9 blues, 11 oranges, 17 greens, 8 yellows, 5 browns, and 7 reds.- Use a chi square test to evaluate Mars's claim.
Tampa tribune dominant strategy : 1.  Tampa Tribune's dominant strategy is ____________ (low price, high price, it has no dominant strategy). 2. St. Petersburg Times' dominant strategy is ____________ (low price, high price, it has no dominant strategy).
What would you say to your friend : He asks each of his 24 subjects to "hire" five of the candidates rather than just one. The data show that 65 men and 55 women are hired. He asks you for advice on x2. What would you say to your friend?
Skiing vacation in aspen instead of taking piano lessons : During the winter break, Sam decides to go for a skiing vacation in Aspen instead of taking piano lessons. The opportunity cost of the skiing vacation is the:
Absolute advantage in growing roses : Suppose both Monica and Edith grow roses and make guns. If Monica devotes 10 hours to growing roses, she grows 16 roses, and if she devotes 10 hours to making guns, she produces 4 guns. If Edith divides her 10 hours equally, she produces 12 roses ..
Write a paragraph of explanation for the supporters profile : Write a paragraph of explanation for the supporters profile that can be understood by students who haven't studied statistics. Begin the paragraph with appropriate details about how the data were gathered.
Market for workers employed in air conditioner : A sudden increase in the demand for air conditioners increased the earnings of the workers employed in air conditioner-manufacturing firms and attracted workers from other sectors. Which of the following will be true in the market for workers empl..
Create a class template for a class that holds an object : "You will be asked to enter X items"-where X is the number of data elements. Write a main()function that tests your template class with an integer and two programmerdesigned classes. Save the file as NumberOfFields.cpp.
What are this countrys views on sexual orientation : What forces were involved in the development and creation of the country's political borders - How is trade regulated between your selected country and another country with which it shares a border?

Reviews

Write a Review

 

Business Economics Questions & Answers

  Relationship between labor productivity and growth

Describe the relationship between labor productivity and growth? How do technological advancements impact labor productivity?

  Optimal level of human capital investment for individual

An increase in the interest rate is expected to cause the optimal level of human capital investment for an individual to:

  Cross-price elasticity of demand conditions facing firm

Discuss both the price elasticity of demand and the cross-price elasticity of demand conditions facing a firm in a monopolistically competitive industry. Include in you essay the role of advertising and the creation of brand loyalty.

  Characteristic of capitalism and utility function is define

Which of the following is not a characteristic of capitalism? Agriculture is started to have five (5) distinct sub groups, which of the following was not a sub group listed in class? The index value for bottled water for 2006 is 1.6, the base year fo..

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Use the regression to forecast data for your business

A multiple regression equation is created with 4 independent variables and 24 data observations. The resulting F value is 4.10. If all other statistics for the regression are acceptable would you use the regression to forecast data for your business?

  What is a subscriber cost per copy of newspaper

Wall Street Journal costs $206, payable now, for a two-year subscription. Newspaper is published 252 days per year. What is a subscriber's cost per copy of newspaper, taking interest into account.

  Health insurance exchange is-how it is suppose to function

Define what a health insurance exchange is and how it is suppose to function? What economic value is to come from the insurance exchanges? What are the potential pitfalls?

  Economists use the word capital to mean

Economists use the word "capital" to mean

  Calculate the cross-price elasticity-interpret the result

This analysis assessment has three parts. While responding to each part, make sure that you show the formula prior to your complete calculation. Listing only the final answer will not earn credit. Given the following information, calculate the cross-..

  Increase in wages will shift supply curve up and to left

Unemployment occurs even during periods when the economy is growing. An increase in wages will shift the supply curve up and to the left. A decrease in population would shift the demand curve to the left. An increase in demand will cause the equilibr..

  What is total demand in the industry

What is total demand in the industry? What is the 4-firm concentration if each sells 15 units?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd