answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
EastWind
21 day ago
13

Assume India can produce either 15 bottles of milk or 50 cartons of eggs using all of its available resources, and Indonesia can

produce either 25 bottles of milk or 35 cartons of eggs using all of its available resources. After each country fully specializes in producing the good in which it has a comparative advantage, how many cartons of eggs will India produce
Business
1 answer:
Free_Kalibri [3.7K]21 day ago
5 0

Response:

50 cartons of eggs

Clarification:

Comparative advantage refers to the economic principle where a country focuses on producing goods that it can make at lower opportunity costs compared to others.

                 Bottles of milk     cartons of eggs

India                  15                              50

Indonesia          25                             35

In this context, India's opportunity cost for producing 1 bottle of milk equates to 3.33 cartons of eggs. Meanwhile, Indonesia's opportunity cost for producing one bottle of milk translates to 1.4 cartons of eggs. Thus, Indonesia has a comparative advantage in bottle production due to its lower opportunity cost.

On the opposite side, India’s opportunity cost for generating one carton of eggs is 0.3 bottles of milk, compared to Indonesia’s 0.71 bottles. Hence, India has a comparative advantage in egg production due to its lower opportunity cost.

Accordingly, India will specialize in producing eggs since it holds the comparative advantage, resulting in a production of 50 cartons of eggs.

You might be interested in
A movie studio has some costs it incurs even if it produces no movies at all in a given year. Think of these as the costs of hav
Katen [3525]

Explanation:

Part 1: True, the information given about the total costs incurred by the movie studio from last year shows that after the adjustments for the differences in totals

3rd movie cost - 2nd = 132-84 = 48 million

Thus, the variable costs must be at least $47 million but less than $255 million as well.

Part 2:  False, the marginal cost for producing the first movie was $45 million, while the studio produced three films during that period.

In conclusion, the variable costs for all three films last year were

45 x 3 = 135 million

3 0
1 month ago
David N. gets $3 per week as an allowance to spend any way he pleases. Because he likes only peanut butter and jelly sandwiches,
Nady [3600]

Response:

The answer to the question is provided below.

Analysis:

(a) What quantities of peanut butter and jelly will David purchase with his $3 weekly allowance?

It is stated that David prefers 2 ounces of peanut butter for each ounce of jelly, thus

2Pb = J, and the budget constraint can be expressed as 0.05Pb + 0.1J = 3.

Using substitution,

David will acquire Pb = 30 ounces, J = 15 ounces.

30(0.05) + 15(0.10) = 3

(b) If the cost of jelly rises to $0.15 per ounce, what quantities of each item would he purchase?

If pj = $0.15,

24(0.05) + 12(0.15) = 3

Using substitution, we find J = 12 ounces, Pb = 24 ounces.

4 0
1 month ago
Net interest margin—often referred to as spread—is the difference between the rate banks pay on deposits and the rate they charg
Nady [3600]

Answer:

(a) P(X\:>\:5.40)=0.9938

(b) P(X\:

(c) X=4.975 percent

Explanation:

(a) Identify the z-value that represents 5.40 percent

.Z=\frac{X-\mu}{\sigma}

Z=\frac{5.40-4.15}{0.5}

Z=\frac{1.25}{0.5}=2.5

Thus, a net interest margin of 5.40 percent stands at 2.5 standard deviations above the average.

From the standard normal distribution table, the area to the left of 2.5 is 0.9938. Hence, the likelihood of a randomly selected U.S. bank achieving a net interest margin greater than 5.40 percent is 1-0.9938=0.0062

(b) The z-value corresponding to 4.40 percent is Z=\frac{4.40-4.15}{0.5}=0.5The net interest margin of 4.40 percent is situated at 0.5 standard deviation above the average.

According to the normal distribution table, the area to the left of 0.5 is 0.6915

Thus, the probability of a randomly chosen U.S. bank having a net interest margin below 4.40 percent equals 0.6915

(c) The z-value indicating 95% is 1.65

Substituting 1.65 into the equation enables us to find X.1.65=\frac{X-4.15}{0.5}

1.65\times 0.5=X-4.150.825=X-4.15

0.825+4.15=X

4.975=X

For a bank that wishes for its net interest margin to fall below that of 95 percent of all U.S. banks, it should aim for a net interest margin of 4.975 percent.

6 0
29 days ago
Sam has decided to buy a burger and fries at a​ restaurant, but he is considering whether to buy a drink as well. Suppose the pr
Free_Kalibri [3773]
The marginal cost of the drink is calculated as follows: the burger is priced at $3.00, the fries are at $1.50, and the drink at $2.00, while a combo meal inclusive of all items costs $4.99. Thus, to find the marginal expense of the drink, we take the cost of the value meal and subtract the burger and fries' costs: $4.99 - $3 - $1.50 amounts to $0.49.
4 0
1 month ago
Which two statements are true about batch size, lead time, and utilization? (Choose two.)
Free_Kalibri [3773]

Answer:

The correct answers are b. As batch size grows, lead time shrinks and d. The Product Owner influences batch size, while the Development Team determines utilization.

Explanation:

Generally, when the batch size increases, lead time also rises, as smaller batches can be processed quicker compared to larger ones, which take extra time. Additionally, the product owner influences the batch size based on market demand, and the development team conducts utilization tests to inform their decisions that affect how resources are utilized.

6 0
1 month ago
Other questions:
  • Pressure with Two Liquids, Hg and Water. An open test tube at 293 K is filled at the bottom with 12.1 cm of Hg, and 5.6 cm of wa
    13·1 answer
  • The interest rate is 10% but the government offers you a subsidized perpetual loan for $1m at 5%. in other words, you get the $1
    6·1 answer
  • Swazzi has released a new line of sweater vests, but they are selling poorly. Store managers say they need same-day information
    11·1 answer
  • g Carnival Enterprises produced 8,000 completed units of a product. According to manufacturing specifications, standard hours fo
    10·1 answer
  • Goodman Corporation has sales volumes of 3,000 units at $80 per unit. Variable costs are 35% of the sales price. If total fixed
    10·1 answer
  • Compare the results of your personal time allocation to your ideal time allocation. Are you close to your ideal allocation? If n
    10·1 answer
  • When don was faced with the problem of fixing the faucet in his kitchen, he suddenly realized that he didn't have to hire a cost
    8·1 answer
  • According to an article in marketing news, fewer checks are being written at grocery store checkout stands than in the past. to
    8·1 answer
  • A stock index is valued at $800 and pays a continuous dividend at the rate of 3% per year. The 6-month futures contract on that
    14·1 answer
  • A corporation’s articles of incorporation can be changed relatively easily. True False
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!