Homework Answers
Answer
Option 1
$19
==
the MC<ATC so the ATC is decreasing and it should be less than
$20 which can be $19 as only $19 is less than $20 from the
options
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On June 15th The Yolanda Jean Company produced jeans an average cost per pair of jeans...
Suppose that Spain and Sweden both produce jeans and olives. Spain's opportunity cost of producing a...
Suppose that Spain and Sweden both produce jeans and olives. Spain's opportunity cost of producing a crate of olives is 4 pairs of jeans while Sweden's opportunity cost of producing a crate of olives is 8 pairs of jeans. By comparing the opportunity cost of producing olives in the two countries, you can tell that has a comparative advantage in the production of olives and has a comparative advantage in the production of jeans. Suppose that Spain and Sweden consider...
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Consider two neighboring island countries called Dolorium and Content. They each have 4 million labor hours available per week that they can use to produce jeans, corn, or a combination of both
Consider two neighboring island countries called Dolorium and
Content. They each have 4 million labor hours available per week
that they can use to produce jeans, corn, or a combination of both.
The following table shows the number of jeans or corn that can be
produced using 1 hour of labor.CountryJeansCorn(Pairs per hour of labor)(Bushels per hour of labor)Dolorium416Content510Initially, suppose Content uses 1 million hours of labor per
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CENGAGE I MINDTAP Homework (Ch 03) Consider two neighboring island countries called Contente and Euphoria. They e...
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Please fill in the blanks and show calculations. 3. Gains from trade Consider two neighboring island...
Please fill in the blanks and show calculations.
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3. Gains from trade Consider two neighboring island countries called Bellissima and Dolorium. They each have 4 million labor hours available per month that they can use to produce rye, jeans, or a combination of both. The following table shows the amount of rye or jeans that can be produced using 1 hour of labor. Rye (Bushels per hour of labor) Jeans Country (Pairs per hour of labor) 10 16 nitially, suppose Bellissima uses 1 million hours of labor per...
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Please fill in the blanks and show calculations.
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