Business, 13.02.2020 20:57 GracieMaeB
In an eight-hour day, Andy can produce either 24 loaves of bread or 12 pounds of butter. Using all of his resources Bob can produce either 8 loaves of bread or 8 pounds of butter. an eight-hour day, Rolfe can produce either 24 loaves of bread or 24 kilograms of butter. Which of the following statements is true?
A) Andy has a comparative advantage in the production of bread.
B) Andy has an absolute advantage in butter production.
C) Rolfe has an absolute advantage in bread production.
D) Andy has an absolute advantage in bread production.
E) Rolfe has a comparative advantage in bread production.
Answers: 2
Business, 22.06.2019 10:30
The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.
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Business, 22.06.2019 17:30
Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.
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Business, 23.06.2019 07:00
Which of the following are direct employee sources of foodborne disease organisms? a) normal flora b) sick employees c) transient microorganisms d) all of the above
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In an eight-hour day, Andy can produce either 24 loaves of bread or 12 pounds of butter. Using all o...
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