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Sophia and Maria work in a bakery. It takes Sophia 2 takes Maria 4 hours to...
please explain and answer numbers 4 and 5. 4) Refer to the table below. According to...
please explain and answer numbers 4 and 5.
4) Refer to the table below. According to the table, Martha has the absolute advantage Companative Advantage One person Time to quer... has a compartive advantage Time to another if his or her opportunita Make a Pie Make a Cake of por Perming a tok Martha 60 minutes 80 minutes the cher Dosas opportunity cost Julia 50 minutes 60 minutes A) neither pies nor cakes. B) cakes. C) both pies and cakes....
12. Refer to the table below. According to the table, Julia has the absolute advantage in:...
12. Refer to the table below. According to the table, Julia has the absolute advantage in: Time to make a pie Time to make a cake Martha: 60 minutes 80 minutes Julia: 50 minutes 60 minutes A) pies B) both pies and cakes C) neither pies nor cakes D) cakes 13. Suppose it takes Dan 5 minutes to make a sandwich and 15 minutes to make a smoothie, and it takes Tracy 6 minutes to make a sandwich and 12...
Can someone answer question 6 for me, please? the choices are a. 1/2 pie and 3/4...
Can someone answer question 6 for me, please? the choices are a.
1/2 pie and 3/4 pie.
b. 3/4 pie and 1 pie.
c. 3/4 pie and 2 pies.
d. 1 pie and 1 1/2 pies.
These figures illustrate the production possibilities available to Barney and Betty with 8 hours of labor in their bakery. Answer the questions using the following figures. Barney Betty Loaves of Bread Loaves of Bread Pies 15 Ples d. 1. The opportunity cost of 1...
Why is the answer C) for both instead of A) if opportunity cost is what you...
Why is the answer C) for both
instead of A) if opportunity cost is what you give up over what you
make? For question 1 Martha is giving up time making cake to make 1
pie so why would it not be 80/60=4/3 not 3/4? Please explain, thank
you in advance.
12) Refer to the table below. Martha's opportunity cost of making of a pie is: Time to Time to Make a Pie Make a Cake 60 minutes 80 minutes...
3. Problems and Applications Q3 Hilary and Maria are roommates. They spend most of their time...
3. Problems and Applications Q3 Hilary and Maria are roommates. They spend most of their time studying (of course), but they leave some time for their favorite activities: making pizza and brewing root beer. Hilary takes 3 hours to brew a gallon of root beer and 2 hours to make a pizza. Maria takes 7 hours to brew a gallon of root beer and 5 hours to make a pizza Hilary's opportunity cost of making a pizza is of root...
5. It takes Joan 1 hour to make a pizza and 2 hours to make a...
5. It takes Joan 1 hour to make a pizza and 2 hours to make a cake. Joan's opportunity cost of making a pizza is which of the following? a. 2 cakes b. 2 pizzas C. 72 of a cake d. 2 pizzas
Question 15 A country can produce either 25 pounds of fish or 7 bushels of corn....
Question 15 A country can produce either 25 pounds of fish or 7 bushels of corn. What is the opportunity cost of producing one bushel of corn? Enter a number rounded to two decimal places. Question 16 England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 30 scones per hour or 2 sweater per hour. Suppose that a Scottish worker can produce 40 scones per hour or 4 sweaters per hour. Who will produce...
If Mary can bake a cake at a lower opportunity cost than Sarah can, then: Mary...
If Mary can bake a cake at a lower opportunity cost than Sarah can, then: Mary should not bake cakes. O Mary can bake more cakes than Sarah can in a given amount of time. Mary has a comparative adrantage in balking cakes. Sarah has a comparative advantage in baking cakes. The table shows the tons of steel or number of computers a worker can produce per week in Germany and South Korea. Use this table to answer the question....
Suppose Martha and Julia both work at a bakery making bread and muffins. In an hour,...
Suppose Martha and Julia both work at a bakery making
bread and muffins. In an hour, Martha can either make 10 loaves of
bread or 40 muffins, while Julia can either make 12 loaves of bread
or 60 muffins. Both Martha and Julia work 8 hours a
day.
C. What is the opportunity cost to each of making one loaf of bread? Martha's opportunity cost of making a loaf of bread muffin:s Julia's opportunity cost of making a loaf of...
Question 1.Susan can brew 5 gallons of root beer in an hour or she can make...
Question 1.Susan can brew 5 gallons of root beer in an hour or she can make 4 pizzas in an hour. Becky can brew 7 gallons of root beer in an hour or she can make 5 pizzas in an hour. Susan's opportunity cost of making a pizza is gallons of root beer. Becky's opportunity cost of making a pizza is gallons of root beer. Enter numbers rounded to two decimal places. Question 2 Bill and Fred bake cakes and...
please explain and answer numbers 4 and 5.
4) Refer to the table below. According to the table, Martha has the absolute advantage Companative Advantage One person Time to quer... has a compartive advantage Time to another if his or her opportunita Make a Pie Make a Cake of por Perming a tok Martha 60 minutes 80 minutes the cher Dosas opportunity cost Julia 50 minutes 60 minutes A) neither pies nor cakes. B) cakes. C) both pies and cakes....
Can someone answer question 6 for me, please? the choices are a.
1/2 pie and 3/4 pie.
b. 3/4 pie and 1 pie.
c. 3/4 pie and 2 pies.
d. 1 pie and 1 1/2 pies.
These figures illustrate the production possibilities available to Barney and Betty with 8 hours of labor in their bakery. Answer the questions using the following figures. Barney Betty Loaves of Bread Loaves of Bread Pies 15 Ples d. 1. The opportunity cost of 1...
Why is the answer C) for both
instead of A) if opportunity cost is what you give up over what you
make? For question 1 Martha is giving up time making cake to make 1
pie so why would it not be 80/60=4/3 not 3/4? Please explain, thank
you in advance.
12) Refer to the table below. Martha's opportunity cost of making of a pie is: Time to Time to Make a Pie Make a Cake 60 minutes 80 minutes...
3. Problems and Applications Q3 Hilary and Maria are roommates. They spend most of their time studying (of course), but they leave some time for their favorite activities: making pizza and brewing root beer. Hilary takes 3 hours to brew a gallon of root beer and 2 hours to make a pizza. Maria takes 7 hours to brew a gallon of root beer and 5 hours to make a pizza Hilary's opportunity cost of making a pizza is of root...
5. It takes Joan 1 hour to make a pizza and 2 hours to make a cake. Joan's opportunity cost of making a pizza is which of the following? a. 2 cakes b. 2 pizzas C. 72 of a cake d. 2 pizzas
If Mary can bake a cake at a lower opportunity cost than Sarah can, then: Mary should not bake cakes. O Mary can bake more cakes than Sarah can in a given amount of time. Mary has a comparative adrantage in balking cakes. Sarah has a comparative advantage in baking cakes. The table shows the tons of steel or number of computers a worker can produce per week in Germany and South Korea. Use this table to answer the question....
Suppose Martha and Julia both work at a bakery making
bread and muffins. In an hour, Martha can either make 10 loaves of
bread or 40 muffins, while Julia can either make 12 loaves of bread
or 60 muffins. Both Martha and Julia work 8 hours a
day.
C. What is the opportunity cost to each of making one loaf of bread? Martha's opportunity cost of making a loaf of bread muffin:s Julia's opportunity cost of making a loaf of...
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