Which of the following is an example of comparative advantage? A. Dave makes 4 pizzas giving up

Fantastic news! We've Found the answer you've been seeking!

Question:

Which of the following is an example of comparative advantage?

A. Dave makes 4 pizzas giving up 6 jars of milk shakes while Rob makes 2 pizzas giving up 4 jars of milk shakes.

B. Angela makes better pastries than Sherrie.

C. Michael Jordan is an American basketball player.

D. The United States produces less textile products and more electronic products.

Related Book For answer-question

OM operations management

ISBN: 978-1285451374

5th edition

Authors: David Alan Collier, James R. Evans

See More Books

Posted Date: Jan 14, 2021 09:18 AM

See More Questions

You have been asked to set up an assembly line to assemble a computer mouse. The precedence network is shown in Exhibit 8.12; task times in minutes are given in parentheses. There are 480 minutes of...
You have been asked to set up an assembly line to assemble a computer mouse. The precedence network is shown in Exhibit 8.12; task times in minutes are given in parentheses. There are 480 minutes of...
A plant engineering group needs to set up an assembly line to produce a new product. The table in the next column describes the relationships between the activities that need to be completed for this...
Mick Stone disposed of the following assets during tax year 2020-21: (1) On 19 May 2020, Mick sold a freehold warehouse for 522,000. This warehouse was purchased on 6 August 2008 for 258,000, and was...
In the context of this chapter, identify what each of the following scenarios has in common and explain how they will affect an economy suffering from a recession. a. Joe and Julie married, saved,...
Determine the reactions at A and B when (a) = 0, (b) = 90, (c) = 30. 75 lb 10 in 0 in (C 12 in.
What contrasts does a global perspective highlight in terms of social stratification?
The following data were collected for a retailer Cost of goods sold .......... $3,500,000 Gross profit ............ $700,000 Operating Cost ............. $500,000 Operating Profit ..............
What are the pros and cons to automate employment benefits tasks and functions?
Effective January 1, 1970, Chrysler Corporation adopted the FIFO method for inventories previously valued by the LIFO method. The 1970 annual report stated, This . makes the financial statements with...
what is your strength and weakness and how do you manage it?
Describe atrade-offyou havemade in terms of your income or your time. What choice did you make with your money or time? Why did you make that choice
Economics Paper explain briefly the three major economic systems operating in the global economic system and demonstrating how each of the five factors of production relates to each of the economic...
four economists representing the classical, Keynesian, monetarist and supply-side schools of macroeconomic thought. Write your answer to the following prompts: Explain what policy recommendations...
Technical barriers to trade are becoming increasingly contentious issues in agricultural trade. Using example/s, explain how GATT/WTO philosophies and dispute settlement affect the implementation of...
what ways do protein-protein interactions within the cellular signaling pathways influence the cellular response to extracellular stimuli, and how do disruptions in these pathways lead to aberrant...
Write algorithm that will tell you how old you are on your next birthday. Your program should: Prompt you to enter an age Add 1 to the entered age Output your age on your next birthday
Controls can be identified based on their function. The functions are preventive, detective, and corrective. A. True B. False
Under which perspective of the balanced scorecard would you classify each of the following measurements? a. On-time delivery to customers b. Time to develop the next generation of products c....
Mary is planning her wedding and develops the following preliminary information. For this problem, the normal times have been changed from OM3 a. Draw the network for this project. b. What is the...
Explain Apples value proposition and why they can charge more than competitors for similar products.
During the 2002 Winter Olympics in Salt Lake City, Utah, a local microbrewery received a rush order for 100 gallons of beer containing at least 4.0 volume $\%$ alcohol. Although no $4 \%$ beer...
Willy Wonka has engaged your consultation services to assist in the recipe formulation of a new brand of chocolate bar, weighing $100 \mathrm{~g}$, which he plans to name "Super-choc." Each...
A batch distillation facility has a bank of columns of Type 1 and another bank of Type 2. Type 1 columns are available for processing $6,000 \mathrm{hr} /$ week, and Type 2 columns are available...

Which of the following is an example of comparative advantage? A. Dave makes 4 pizzas giving up

Question:

Expert Answer:

A option is correct Dave makes 4 pizzas giving up 6 jar... View the full answer

OM operations management

Students also viewed these accounting questions