Leading producer of carpets

Assignment Help Business Economics
Reference no: EM131037772

Dalton, Georgia has developed into a leading producer of carpets, despite its small size. What is the reason for Dalton's comparative advantage in carpet production?

A) the development of superior process technology

B) an abundant supply of unskilled labor

C) Dalton is located near a railroad hub that it uses to transport carpet.

D) external economies

Reference no: EM131037772

Questions Cloud

Design the circuit to obtain a voltage gain : D 8.41 The circuit in Fig. 8.15(a) is fabricated in a 0.18-μm CMOS technology for which μnCox = 400 μA/V2, μpCox = 100 μA/V2, Vtn = -Vtp = 0.5 V, V_ An = 5 V/μm, /V / Ap / = 5 V/μm, and VDD = 1.8 V.
Marginal revenue and marginal cost : Rapido's marketing experts tell the CEO of Rapido that if it decreased prices by 20%, it would sell so many more shoes that profits would rise. If the expert is correct, at its current output, what can you infer about its marginal revenue and marg..
Financial crisis between the federal reserve system : Please help with a report comparing RECENT financial crisis between the Federal Reserve System and European Central Bank and how both of them responded to the crisis.
Explain whether or not there is any basis to your client''s : Research relevant tax code and explain whether or not there is any basis to your client's statement. Please be sure to reference the relevant tax code(s) in your discussion and clearly state your position.
Leading producer of carpets : Dalton, Georgia has developed into a leading producer of carpets, despite its small size. What is the reason for Dalton's comparative advantage in carpet production?
Which statement you feel is the most informative for company : At the bottom of one of the income statements you prepare, explain which statement you feel is the most informative for a company? Explain your reasoning.
Book the depreciation of the building for march : Book the transaction of the purchase of the building on March 01, 2005 - Book the depreciation of the building for March 2005
What is the lowest cost schedule for the shortest time : What is the shortest time period in which the project can be completed using the expected times listed in Table 1? What is the shortest time in which the project can be completed? What is the lowest cost schedule for this shortest time?
Why is an erp system important to your organisation : Discuss how information technology plays a role in the competitive environment of your organisation. How do you describe the competition to attract and retain clients/customers for your organisation? How do you describe the threat of substitute in..

Reviews

Write a Review

Business Economics Questions & Answers

  Advantage to society to correct the externality

Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?

  Explain why the reduction in employment

Most industrial farms hire migrant workers, so the market for such workers is reasonably taken to be perfectly competitive. Suppose that all farms individually have a short-run elasticity of labor demand of 0.5. Explain why the reduction in employmen..

  Own money to the firm instead of investing the money

During a year of operation, a firm collects $175,000 in revenue and spends $80,000 on raw materials, labor expense, utilities, and rent. The owners of the firm have provided $500,000 of their own money to the firm instead of investing the money and e..

  Small manufacturing facility

You have been hired to manage a small manufacturing facility whose cost and production data.

  Equilibrium price and quantity

If fixed costs increase to $1200, what will happen to equilibrium price and quantity.

  What is equilibrium price and quantity of apartment rentals

Suppose the demand for apartment rentals in New York is Q = 1000 - P and the supply of apartment rentals is Q = 4P. What is the equilibrium price and quantity of apartment rentals in New York?

  How much profit does an individual producer make in a month

suppose there are 50 honey producers in the market. What is the equilibrium price of honey? How much profit does an individual producer make in a month?

  Illustrate how much money would a typical consumer

The senator is considering tax reform that would dramatically cut tax rates, leading to a supply function under the new tax policy Qs = 4.171P - 110. Illustrate how much money would a typical consumer save each month as a result of the proposed le..

  What are the production costs of your economics class

What are the production costs of your economics class? What are the fixed costs? The variable costs? What’s the marginal cost of enrolling more students?

  About the nash equilibrium

Dan and Neil are playing Settlers of Catan. Dan has rolled a seven and just put the stopper on a Field which touches one of Neil’s Settlements. Since Dan is a real jerk store, he decides to steal one of Neil’s two cards. Draw a payoff matrix for Neil..

  Design of each job impact your decision-making

Identify a job that you really like then identify a job that you disliked and wanted to quit. Assess both jobs in terms of the freedom you were given to make decisions.

  Large induced-draft fan is needed for upgraded industrial

A large induced-draft fan is needed for an upgraded industrial process. The motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8,760 hours per year.

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