Zambia can produce a maximum of 100 million bushels of corn or a maximum of 60...
Zambia can produce a maximum of 100 million bushels of corn or a maximum of 60 million cars. Japan can produce a maximum of 80 million bushels of corn of 60 million cars. For Zambia, the opportunity cost of corn in terms of cars is _____. (write as a decimal or fraction)
Homework Answers
The opportunity cost of corn in zambia will be 60/100 = 0.6 cars. i.e. for Zambia to produce a million corn in the market they have to give up 0.6 million cars.
Add Answer to:
Zambia can produce a maximum of 100 million bushels of corn or a
maximum of 60...
In 10 hours, the U.S. can produce 35 bushels of corn. In 7 hours, the U.S....
In 10 hours, the U.S. can produce 35 bushels of corn. In 7 hours, the U.S. can produce 30 bushels of wheat. What is the opportunity cost of producing 1 bushel of corn (in terms of bushels of wheat)? Enter your answer as a fraction OR a number with two decimals. Hint: Calculate how much of each good can be produced in 1 hour, then solve for the amount of foregone wheat when choosing to produce a bushel of corn.
1. A country can produce either 16 pounds of fish or 9 bushels of corn. What...
1. A country can produce either 16 pounds of fish or 9 bushels of corn. What is the opportunity cost of producing one bushel of corn? Round to 2 decimal places
In a month, Carlos can produce a maximum of either 50 bushels of pears or 25 bushels of apples
In a month, Carlos can produce a maximum of either 50 bushels of pears or 25 bushels of apples, or any linear combination in between.Similarly, Diane can produce a maximum of either 24 bushels of pears or 6 bushels of apples, or any linear combination in between.What is the opportunity cost for Carlos to produce one more bushel of apples in terms of pears? One bushel of apples equals _______ bushels of pears.
9.(4 points) In Mexico, a worker can produce 80 bushels of corn or 20 bags of...
9.(4 points) In Mexico, a worker can produce 80 bushels of corn or 20 bags of coffee. In Costa Rica, a worker can produce 10 bushels of corn or 60 bags of coffee. Coffee (bags) Country Mexico Corn (bushels) 80 or 20 Costa Rica 10 or 60 a. Who has the absolute advantage in the production of corn? b. Who has the absolute advantage in the production of coffee? c. Which country has a comparative advantage in producing corn? d....
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...
Saudi Arabia can produce 100 barrels of oil using 100 worker hours or 25 bushels of...
Saudi Arabia can produce 100 barrels of oil using 100 worker hours or 25 bushels of corn using 100 worker hours. United States can produce 50 barrels of oil using 100 worker hours or 100 bushels of corn using 100 worker hours. Which country has the absolute advantage in oil? Group of answer choices Saudi Arabia United States Neither country has an absolute advantage. There is not enough data to calculate.
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
week to produce jeans and 3 million hours per week to produce...
4. Problems and Applications Q4 Suppose that there are 10 million workers in Japan and that...
4. Problems and Applications Q4 Suppose that there are 10 million workers in Japan and that each of these workers can produce either 2 cars or 20 pushels of wheat in a year. The opportunity cost of producing a car in Japan is bushels of wheat, and the opportunity cost of producing a bushel of wheat in lapan is cars. 5. Problems and Applications Q5 England and Scotland both produce scones and sweaters. Suppose that an English worker can produce...
1. With given resources and technology, a country can produce either 100 million cars or 50...
1. With given resources and technology, a country can produce either 100 million cars or 50 million tons of paper. What is the opportunity cost of producing one ton of paper? a.) 500,000 cars b.) 100 million cars c.) 2 million cars d.) None 2. With its given resources and technology, an economy can produce either 100 units of good Y or 50 units of good X. For each of the following combinations of goods indicate whether the combination is...
An American worker can produce either 5 cars or 8 tons of grain a year. A...
An American worker can produce either 5 cars or 8 tons of grain a year. A lapanese worker can produce either 4 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers Complete the foflowing table with the number of workers needed to make one car or 1 ton of grain in the United States and Japan. Workers Needed to Make 1 Car 1 Ton of Grain United StatesY Japan...
In 10 hours, the U.S. can produce 35 bushels of corn. In 7 hours, the U.S. can produce 30 bushels of wheat. What is the opportunity cost of producing 1 bushel of corn (in terms of bushels of wheat)? Enter your answer as a fraction OR a number with two decimals. Hint: Calculate how much of each good can be produced in 1 hour, then solve for the amount of foregone wheat when choosing to produce a bushel of corn.
In a month, Carlos can produce a maximum of either 50 bushels of pears or 25 bushels of apples, or any linear combination in between.Similarly, Diane can produce a maximum of either 24 bushels of pears or 6 bushels of apples, or any linear combination in between.What is the opportunity cost for Carlos to produce one more bushel of apples in terms of pears? One bushel of apples equals _______ bushels of pears.
9.(4 points) In Mexico, a worker can produce 80 bushels of corn or 20 bags of coffee. In Costa Rica, a worker can produce 10 bushels of corn or 60 bags of coffee. Coffee (bags) Country Mexico Corn (bushels) 80 or 20 Costa Rica 10 or 60 a. Who has the absolute advantage in the production of corn? b. Who has the absolute advantage in the production of coffee? c. Which country has a comparative advantage in producing corn? d....
4. Problems and Applications Q4 Suppose that there are 10 million workers in Japan and that each of these workers can produce either 2 cars or 20 pushels of wheat in a year. The opportunity cost of producing a car in Japan is bushels of wheat, and the opportunity cost of producing a bushel of wheat in lapan is cars. 5. Problems and Applications Q5 England and Scotland both produce scones and sweaters. Suppose that an English worker can produce...
An American worker can produce either 5 cars or 8 tons of grain a year. A lapanese worker can produce either 4 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers Complete the foflowing table with the number of workers needed to make one car or 1 ton of grain in the United States and Japan. Workers Needed to Make 1 Car 1 Ton of Grain United StatesY Japan...
Most questions answered within 3 hours.
-
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 19 minutes ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 21 minutes ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 27 minutes ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 31 minutes ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 41 minutes ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 49 minutes ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 47 minutes ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 50 minutes ago -
Explain an understanding of services and protocols.
Explain the job of DNS.
Explain the three email...
asked 1 hour ago -
(As soon as possible) Balance each of the following equations
according to the half-reaction method:
H2O2(aq)...
asked 1 hour ago -
A thin rod with a mass of 3.5kg and a length L=1.5 m is oriented
horizontally....
asked 1 hour ago -
Inheritance pattern in BRCA 1
Describe the inheritance pattern of BRCA 1 Is it recessive or...
asked 1 hour ago