Business, 11.09.2019 19:10 ashhleyjohnson
Assume france and mali can both produce grain and dates, and that the only limited resource is the farming labor force, meaning that land, water, and all other resources are plentiful in both countries.
each farmer in france can produce 10 metric tons of grain or 5 metric tons of dates in a season. each farmer in mali can also produce 10 metric tons of grain or 25 metric tons of dates. answer the four questions below.
1. which country has the absolute advantage in producing dates?
2. which country has the absolute advantage in producing grain?
3. which country has the competitive advantage in producing dates?
4. which country has the comparative advantage in producing grain?
Answers: 2
Business, 22.06.2019 22:40
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Business, 22.06.2019 23:30
Decision alternatives should be identified before decision criteria are established. are limited to quantitative solutions are evaluated as a part of the problem definition stage. are best generated by brain-storming.
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Business, 23.06.2019 07:40
S. you are changing planes in london for a flight to paris where you will connect with your flight to capetown. you are picking up reading material for the flight and are looking at the prices listed on the economist magazine which conveniently lists prices in several different global currencies. you note that the price in pounds is 2.40 pounds and the price in euros is 2 euros. the exchange rate for the dollar (your credit card was issued in the usa) is $1.59/pound and s1.3837/euro. should you buy reading materials now or wait until you're in paris?
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Business, 23.06.2019 07:50
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Assume france and mali can both produce grain and dates, and that the only limited resource is the f...
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