Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Refer to table 3-23. the farmer has a comparative advantage in the production of

11/11/2020 Client: arwaabdullah Deadline: 3 days

1. Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.

Labor Hours Needed to Make 1 Pound of

Pounds Produced in 24 Hours

Meat

Potatoes

Meat

Potatoes

Farmer

6

4

4

6

Rancher

3

8

8

3

Refer to Table 3-7. Which of the following combinations of meat and potatoes could the farmer produce in 24 hours?

a.

1 pounds of meat and 5 pounds of potatoes.

b.

3 pounds of meat and 2 pounds of potatoes.

c.

1 pound of meat and 8 pounds of potatoes.

d.

2 pounds of meat and 2 pounds of potatoes.

1 points

Question 7

1.

The production possibilities frontier illustrates

a.

the combinations of output that an economy should produce.

b.

the combinations of output that an economy should consume.

c.

the combinations of output that an economy can produce.

d.

All of the above are correct.

1 points

Question 8

1.

Table 3-15

Labor Hours Needed to Make 1 Pound of

Amount Produced in 40 Hours

Meat

Potatoes

Meat

Potatoes

Farmer

8 hours/pound

5 hours/pound

5 pounds

8 pounds

Rancher

4 hours/pound

10 hours/pound

10 pounds

4 pounds

Refer to Table 3-15. Assume that the farmer and the rancher each has 40 labor hours available. If each person divides his time equally between the production of meat and potatoes, then total production is

a.

5 pounds of meat and 4 pounds of potatoes.

b.

7.5 pounds of meat and 6 pounds of potatoes.

c.

6 pounds of meat and 7.5 pounds of potatoes.

d.

10 pounds of meat and 8 pounds of potatoes.

1 points

Question 9

Table 3-8 Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.

Labor Hours Needed to Make 1 Unit of

Number of Units Produced in 24 Hours

Cheese

Bread

Cheese

Bread

England

2

3

12

8

Spain

3

6

8

4

Refer to Table 3-8. Which of the following combinations of cheese and bread could England not produce in 24 hours?

a.

8 units of cheese and 3 units of bread.

b.

7 units of cheese and 2 units of bread.

c.

6 units of cheese and 4 units of bread.

d.

5 units of cheese and 3 units of bread.

1 points

Question 10

1.

A production possibilities frontier is a straight line when

a.

an economy is interdependent and engaged in trade instead of self-sufficient.

b.

the rate of tradeoff between the two goods being produced depends on how much of each good is being produced.

c.

the more resources the economy uses to produce one good, the fewer resources it has available to produce the other good.

d.

the rate of tradeoff between the two goods being produced is constant.

1 points

Question 11

1.

Table 3-23 Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate.

Labor Hours Needed to Make 1 Pound of

Pounds Produced in 24 Hours

Pork

Tomatoes

Pork

Tomatoes

Farmer

6

3

4

8

Rancher

4

4

6

6

Refer to Table 3-23. The farmer has a comparative advantage in the production of

a.

tomatoes.

b.

both goods.

c.

neither good.

d.

pork.

1 points

Question 12

1.

Table 3-33 Chris and Tony’s Production Opportunities

Tomatoes

Pasta Sauce

Chris

10 lbs

300 jars

Tony

14 lbs

280 jars

Refer to Table 3-33 Chris and Tony both produce tomatoes and pasta sauce. The table shows their possible production per month if both work the same number of 8 hour days. Which of the following prices would result in a mutually advantageous trade between Chris and Tony?

a.

1 lb. of tomatoes for 23 jars of sauce

b.

1 lb. of tomatoes for 33 jars of sauce

c.

1 lb. of tomatoes for 27 jars of sauce

d.

.Both a and b are correct.

1 points

Question 13

1.

Table 3-37 Assume that Aruba and Iceland can switch between producing coolers and producing radios at a constant rate.

Labor Hours Needed to Make 1

Cooler

Radio

Aruba

2

5

Iceland

1

4

Refer to Table 3-37. Aruba should export

a.

both goods and import neither good.

b.

coolers and import radios.

c.

radios and import coolers.

d.

neither good and import both goods.

Question 17

1.

Table 3-21 Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. The following table shows the number of coolers or number of radios each country can produce in one day.

Output Produced in One Day

Coolers

Radios

Jamaica

12

6

Norway

24

3

Refer to Table 3-21. At which of the following prices would both Jamaica and Norway gain from trade with each other?

a.

1 radio for 1 cooler

b.

1 radio for 4 coolers

c.

1 radio for 10 coolers

d.

Jamaica and Norway would both gain from trade at all of the above prices.

1 points

Question 18

1.

Table 3-12 Barb and Jim run a business that sets up and tests computers. Assume that Barb and Jim can switch between setting up and testing computers at a constant rate. The following table applies.

Minutes Needed to

Number of Computers Set Up or Tested in a 40-Hour Week

Set Up 1 Computer

Test 1 Computer

Computers Set Up

Computers Tested

Barb

48

?

50

40

Jim

30

40

80

60

Refer to Table 3-12. Which of the following points would not be on Barb's production possibilities frontier, based on a 40-hour week?

a.

(30 computers set up, 16 computers tested)

b.

(25 computers set up, 20 computers tested)

c.

(8 computers set up, 32 computers tested)

d.

(0 computers set up, 40 computers tested)

1 points

Question 19

1.

Consider two individuals — Marquis and Serena — each of whom would like to wear sweaters and eat tasty food. The gains from trade between Marquis and Serena are most obvious in which of the following cases?

a.

Marquis is very good at knitting sweaters and at cooking tasty food, but Serena’s skills in both of these activities are very poor.

b.

Marquis’s skills are such that he can produce only sweaters, and Serena’s skills are such that she can produce only tasty food.

c.

Marquis’s cooking and knitting skills are very poor, and Serena’s cooking and knitting skills are also very poor.

d.

Marquis and Serena both are very good at cooking tasty food, but neither has the necessary skills to knit a sweater.

1 points

Question 20

1.

Table 3-7 Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.

Labor Hours Needed to Make 1 Pound of

Pounds Produced in 24 Hours

Meat

Potatoes

Meat

Potatoes

Farmer

6

4

4

6

Rancher

3

8

8

3

Refer to Table 3-7. Which of the following combinations of meat and potatoes could the farmer produce in 24 hours?

a.

2 pounds of meat and 2 pounds of potatoes.

b.

3 pounds of meat and 2 pounds of potatoes.

c.

1 pound of meat and 8 pounds of potatoes.

d.

1 pounds of meat and 5 pounds of potatoes.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Finance Homework Help
Custom Coursework Service
Writer Writer Name Offer Chat
Finance Homework Help

ONLINE

Finance Homework Help

I have a Master’s degree and experience of more than 5 years in this industry, I have worked on several similar projects of Research writing, Academic writing & Business writing and can deliver A+ quality writing even to Short Deadlines. I have successfully completed more than 2100+ projects on different websites for respective clients. I can generally write 10-15 pages daily. I am interested to hear more about the project and about the subject matter of the writing. I will deliver Premium quality work without Plagiarism at less price and time. Get quality work by awarding this project to me, I look forward to getting started for you as soon as possible. Thanks!

$55 Chat With Writer
Custom Coursework Service

ONLINE

Custom Coursework Service

Hey, Hope you are doing great :) I have read your project description. I am a high qualified writer. I will surely assist you in writing paper in which i will be explaining and analyzing the formulation and implementation of the strategy of Nestle. I will cover all the points which you have mentioned in your project details. I have a clear idea of what you are looking for. The work will be done according to your expectations. I will provide you Turnitin report as well to check the similarity. I am familiar with APA, MLA, Harvard, Chicago and Turabian referencing styles. I have more than 5 years’ experience in technical and academic writing. Please message me to discuss further details. I will be glad to assist you out.

$55 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Intercept cs cold sore prevention system shoppers drug mart - Teacher's pets game guide - Greek mythology family tree - Literary devices in the giver chapters 5-9 - Key components in collaboration and consultations - Cathedral raymond carver pdf - Shakespeare the legacy documentary worksheet answers - Bangladesh consulate general sydney - Week six assignment: show you care - What is prose fiction - Adaptive leadership questionnaire northouse pdf - 9 10 dihydroanthracene 9 10 α β succinic acid anhydride - The writing life annie dillard chapter summaries - Case analysis 3 - Discussion(NCM) - Maths - Dynon d180 user manual - The intimacies of four continents - Change phone number outlook - The money market involves the buying and selling of - HA560 Unit 9 Discussion - On seeing england for the first time answers - Power point - Food label lesson plan - Servant leadership takes flight - Brisbane liquor distribution centre stapylton - Every little hurricane essay - Insert nose radius chart - Chapter 4 standardized test practice - 3290 g in lbs and oz - Dust of snow figurative language - Market research simulation answers - Why skipping meals on a regular basis is unhealthy - Homework - Linux Users, Groups, and Permissions Lab - Va fiduciary hub columbia sc phone number - Abc dimensions of personal identity - Robber barons or captains of industry were businessmen who - Lane bryant mail order catalog - Discussion & Journal - Mahindra pik up bull bar - Jeffrey brodd et al invitation to world religions - Sydney water bill check - Ece 205 week 2 assignment - Swallow the air chapter summary - Learning outside the classroom theory - Apple watch the launch case study - Acd labs software free download - I need help for my assignment on TutorsOnSpot - Slope of total cost curve - Nurse leadership role and their responsibility - Assignment - Ekati diamond mine camp jobs - Nutrition Care Plan for COPD - Lamb to the slaughter foreshadowing - False sensory perceptions that often take the form of hearing voices are called ________. - Capital Budgeting Decisions - Sirona inlab sw 18 - Vce physics cheat sheet - Discussion paper by 09/12/2020 at 8:00 pm 2,100 words , please add references and citations - How to write a metanarrative - The three towns medical practice - Middle Adulthood Health, Demography, and Social Work Practice - Essay mrkt - Google site templates education - What would have been unimaginable in the 50s answers - Hardinge quick change collets - Harley davidson ethnocentric company - Texas government - Condensation polymer examples teflon - Short story analysis essay assignment - Biology - A hellish undertaking dragon ball fusions - Youtube temptation island episode 3 - Which of the following traditional solutions enables manufacturers - Lean six sigma - Fitness fanatics is a regional chain of health - Notre dame advanced standing - Isbn 978 1 118 34500 9 - Is elroy berdahl a real person - Martin slattery key ideas in sociology - Mathisfun standard deviation - Healthcare Administration Issues - Seton hall latin answer key - Future Policy Issue - Dragon age inquisition ritual puzzle - Orthographic or multiview drawings - Forensic science teeth - How to improve mesh quality in fluent - HCA320 Discussion Mod 3: - Montgomery bus boycott lesson plan - Zombie attack an introduction to quantitative modeling answer key - New invention junior school - APA format paper - Eavan boland child of our time poetic techniques - Dsdm agile practitioner exam - Allison 3000 transmission weight - Tax on 54000 australia - Challenges in nursing continuing education a qualitative study - Dosbox assignment