Find germany opportunity cost of producing barrel of beer

Assignment Help Microeconomics

Reference no: EM131777442

Qusetion: 1. What is Ireland's opportunity cost of producing one hand-made wool sweater?

2. What is Germany's opportunity cost of producing one hand-made wool sweater?

3. What is Ireland's opportunity cost of producing one barrel of beer?

4. What is Germany's opportunity cost of producing one barrel of beer?

5. Ireland has a comparative advantage in?

6. Germany has a comparative advantage in?

If the two countries specialize and trade, who should export barrels of beer?

	One Hand-Made Wool Sweater	One Barrel of Beer
Ireland	16 hours	4 hours
Germany	10 hours	2 hours

Reference no: EM131777442

Questions Cloud

What is the economic decision-making rule : One of the core principles I want students to take away from the class is what we've called the "economic decision-making rule" and informs our theory.

How many units would the company have to sell : The company has no beginning or ending inventories. How many units would the company have to sell to attain the target profit of $150,000

Expansionary monetary policy to combat a recession : What will happen if the Federal Reserve pursues expansionary monetary policy to combat a recession? Explain fully (Include graphs with your answer)

Analyze the views of jarche about golden age of training : From the first e-Activity, analyze the views of Cross and Jarche about the "Golden Age of Training" and its future.

Find germany opportunity cost of producing barrel of beer : What is Ireland's opportunity cost of producing one hand-made wool sweater? What is Germany's opportunity cost of producing one hand-made wool sweater?

What is the company margin of safety in dollars : The following is last month's contribution format income statement: What is the company's margin of safety in dollars

What is the recommended order quantity : A product with an annual demand of 1000 units has C0 = $25.50 and Cc = $8. What is the recommended order quantity?

How much gain should fred recognize on the exchange : Fred and Wilma exchanged equipment in a qualifying like-kind exchange. How much gain should Fred recognize on the exchange

Collaborative supply chain management systems : What challenges do you see for a company that wants to implement collaborative Supply chain management (SCM) systems? How would you meet such challenges?

User Account

All Pages