How many manufactures could b supply

Assignment Help Business Economics
Reference no: EM13150683

Country A has 3500 labor units and can produce manufactures and food. A’s producers take 2 units of labor to produce a unit of manufactures and 7 units to produce a unit of food. Country B has 2000 units of labor and takes 1 units of labor to produce a unit of manufactures and 5 units to produce a unit of food. At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo’s world? How many manufactures could B supply?

Reference no: EM13150683

Questions Cloud

What is the profit-maximizing price of e-books : what is the profit-maximizing price of e-books relating to do-it-yourself topics? At the profit-maximizing quantity, what is the average total cost of producing e-books?
What is the change in internal energy : The combustion of one mole of ethanol (C2H5OH(l)) to produce carbon dioxide and gaseous water has ?Hr = -1235 kJ · mol-1 at 298 K. What is the change in internal energy for this reaction?
Pay-best is facing increasing competition from : Pay-Best is facing increasing competition from other physical stores as well as from other online stores that are eroding its market share. Other business pressures are also affecting it, such as increasing regulation.
What are the tr and mr for each acre : How many bushels will each of the farmer’s five acres produce? How much revenue will each acre generate? What are the TR and MR for each acre?
How many manufactures could b supply : At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo’s world? How many manufactures could B supply?
Current generally accepted accounting principle : For each of the situations, discuss the following and provide support for your conclusions: The type of accounting change. The manner of reporting the change under current generally accepted accounting principle. Where applicable, discuss how amounts..
What is the molecular weight of the gas : If 405 mL of a gas at 66 degrees Celsius and 595 mm Hg weighs 1.495g, what is the molecular weight of the gas?
How a probability value is related to the normal curve : Then, define probability value in your own words and explain how a probability value of .05 in this example is related to the normal curve.
Company overall net operating income : The allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally. If management decides to buy part 114 from the outside supplier rather than to c..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Differentiate between taxes that are imposed

In your discussion, differentiate between the taxes that are imposed by local governments and those that are imposed by the state and federal government.

  Compute the decline in consumer surplus

If this tariff is imposed, how much will consumers pay for a pound of tea. What is the quantity demanded. Compute the decline in consumer surplus.

  Illustrate what is the bond''s current market price

Presently the bond is priced to yield a return of 5% per year. Illustrate what is the bond's current market price.

  What is anna optimal choice of comic books and aog

What is Anna’s optimal choice of comic books and AOG? Illustrate her optimal choice on a graph, using indifference curve-budget line analysis.

  What about mergers of justice - federal trade commission

Elucidate the rationale and the implications of the new guidelines used by the Department of Justice and the Federal Trade Commission for evaluating proposed mergers.

  Elucidate each of the following statements using supply

Elucidate each of the following statements using supply- and- demand diagrams. a. " When a cold snap hits Florida, the price of orange juice rises in supermarkets through-out the country."

  Do protectionist policies benefit producers

Do protectionist policies benefit producers, consumers, workers, or the government

  Evalute the area of consumer surplus and producer surplus

Evalute the area of consumer surplus and producer surplus for the profit maximizing monopoly.

  Which product is to be most price elastic between housing

Relatively more inelastic than those of firms which only make house windows. Which product is to be the most price elastic between housing or automobiles?

  Decrease in demand for bridge and tunnel crossings

With the decrease in demand for bridge and tunnel crossings, what is the optimal way to adjust tolls: raise tolls, lower tolls, or leave unchanged.

  Illustrate what techniques for changing organizational

Illustrate what techniques for changing organizational culture has Google used to form its culture.

  Elucidate how do you expect the demand

Elucidate how do you expect the demand and supply of the good or service to change in the next year. Support your answer.

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!

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