Greater productive efficiency than the china

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Reference no: EM1312259

Q1. The United States can make certain toys with greater productive efficiency than can the China. Yet we import those toys from China. Relate your answer to the ideas of Adam Smith also David Ricardo.

Q2. Jim's Car Rental has fixed costs of $220,000 every month also variable costs every car rented every day of $3. If Jim's charges $25 every day to rent a car, Elucidate how many car-rental days (the number of cars rented times the number of days every is rented) must Jim's have every month to breakeven?

Reference no: EM1312259

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