subject
Business, 14.02.2020 05:50 clairee002

If we assume that farmers in Illinois and Kansas use the same amount of labor, capital, and fertilizer, which state has an absolute advantage in wheat production and soybean production?
▼ Kansas Illinois has an absolute advantage in wheat production and
▼ Illinois Kansas has an absolute advantage in soybean production.
If we transfer land out of wheat into soybeans,
how many bushels of wheat do we give up in Illinois and in Kansas per additional bushel of soybean production?
In Illinois, an additional bushel of soybean production results in nothing fewer bushels of wheat, and in Kansas, an additional bushel of soybean production results in nothing fewer bushels of wheat. (Enter your responses rounded to three decimal places.)
Which state has a comparative advantage in soybean production and in soybean production?
▼ Kansas Illinois has a comparative advantage in soybean production and
▼ Kansas Illinois has a comparative advantage in wheat production.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 16:30
Collective bargaining provides for a representative of employees to negotiate with a representative of management over labor issues including wages.true or false?
Answers: 3
question
Business, 22.06.2019 23:20
Assume a competitive firm faces a market price of $60, a cost curve of c = 0.003q^3 + 25q + 750, and a marginal cost of curve of: mc = 0.009q^2 + 25.the firm's profit maximizing output level (to the nearest tenth) is , and the profit (to the nearest penny) at this output level is $ will cause the market supply to (shift right/shift left). this will continue until the price is equal to the minimum average cost of $
Answers: 2
question
Business, 23.06.2019 01:50
The capital balances, prior to the liquidation of the benjamin, gaynor, megan partnership, were as follows: benjamin, capital $100,000gaynor, capital $120,000megan, capital $175,000benjamin, gaynor, and megan share profits and losses in the ratio of 25%, 40%, 35%. as a result of a loan, the partnership owes gaynor $80,000. using the information above, which partner has the highest loss absorption power (lap) prior to liquidation? a. gaynorb. meganc. benjamind. both gaynor and megan have the same lap
Answers: 2
question
Business, 23.06.2019 02:50
Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?
Answers: 1
You know the right answer?
If we assume that farmers in Illinois and Kansas use the same amount of labor, capital, and fertiliz...
Questions
question
Mathematics, 21.06.2020 23:57
question
Mathematics, 21.06.2020 23:57
question
Mathematics, 21.06.2020 23:57
Questions on the website: 13722363