Who has the absolute advantage in coffee

Assignment Help Microeconomics
Reference no: EM13176655

An average worker in Brazil can produce an ounce of soybeans in 20 minutes and an ounce of coffee in 60 minutes, while an average worker in Peru can produce an ounce of soybeans in 50 minutes and a ounce of coffee in 75 minutes. Who has the absolute advantage in coffee.

Reference no: EM13176655

Questions Cloud

What polymer is made from the monomer vinylidene chloride : what polymer is made from the monomer vinylidene chloride
Is silver chloride very soluble in water : The dissociation of solid silver chloride in water to produce silver ions and chloride ions has an equilibrium constant of 1.8 x10-18. Based on the magnitude of the equilibrium constant, is silver chloride very soluble in water? Explain your answe..
Calculate the concentration of h2, br2, and hbr at equil : Starting with 3.30 moles of HBr in a 12.0 L reaction vessel, calculate the concentration of H2, Br2, and HBr at equil.
Which will show only one peak in the nmr spectrum : Name a compound with the formula, C5H12, which will show only one peak in the NMR spectrum.
Who has the absolute advantage in coffee : An average worker in Brazil can produce an ounce of soybeans in 20 minutes and an ounce of coffee in 60 minutes, while an average worker in Peru can produce an ounce of soybeans in 50 minutes and a ounce of coffee in 75 minutes. Who has the absolu..
What is the molar solubility of mgf2 in pure water : At 25ºC the solubility product constant, Ksp, for magnesium phosphate, Mg3(PO4)2, is 1.0´10-24. The solubility product constant for magnesium fluoride, MgF2, is 7.0´10-11.
Which substance contains molecules that will not form : Which substance contains molecules that will not form hydrogen bonds?
What is the inflation rate in felix''s salary : Felix Jones, a recent engineering graduate, expects a starting salary of $ 65,000 per year. His future employer has averaged 5% per year in salary increases for the last several years.
Determine the number of grams of o2 consumed : Determine the number of grams of O2 consumed.

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Identify the market structure of an organization

Use Starbucks as the company, please help identify market structure of the organization. Evaluate the effectiveness of this structure for the company.

  Demand and supply to determine surplus

Demand and Supply curves. The following relations explain demand and supply conditions in the wheat industry:

  Determining mc and mr for given functions

Employ the following equation to demonstrate why firm producing at the output level where MR=MC will also be capable to maximize its total profit.

  Describe likely effects on the total welfare

Describe the likely effects on the total welfare (surplus) of society of the status quo, i.e., do nothing and let the market decide.

  Determine the industry supply curve

Assume the normal production process for beet sugar uses high sulfur oil for fuel and releases two units of sulfur dioxide to the air for every ton of beet sugar manufactured.

  Airline price discrimination

Airlines practice price discrimination by charging leisure travelers and business travelers different prices. Different customers pay varying prices for essentially the same coach seat because some passengers qualify for discounts and others do no..

  Find the quantity of toothpaste

Find the quantity of toothpaste that maximizes economic surplus. What is the relationship between this quantity and the market equilibrium quantity?

  What does the firms cost function look like

If the firm wants to produce one unit of output at minimum cost, how much should it produce in each plant? If it wants to produce two units of output?

  Explain the meaning of mrts for production function

Briefly explain the meaning of MRTS for this production function and what is elasticity of substitution when the capital-labour ratio changes from 1/10 to 1/30?

  Define sells bonds-interest rate-money supply

What happens to the price of bonds when the Fed sells bonds? What happens to the interest rate? What happens to the money supply?

  What is marginal utility

Which of the following statements conforms to utility theory? In which market structure model may firms earn economic profits in the long run?

  Elasticity and sensitivity to market prices

The demand in Japan for new automobiles is elastic and sensitive to market prices. Given that, describe the effect of each of the following on the quantity demanded or the demand for new autos in Japan

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