Suppose that the opportunity-cost ratio for sugar and almonds is 4 S 1 A in Hawaii
Question:
Suppose that the opportunity-cost ratio for sugar and almonds is 4S ≡ 1A in Hawaii but 1S ≡ 2A in California. Which state has the comparative advantage in producing almonds?
a. Hawaii.
b. California.
c. Neither.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
Answer b California Feedback California has the comparative advantage in producing alm...View the full answer
Answered By
Shubhradeep Maity
I am an experienced and talented freelance writer passionate about creating high-quality content. I have over five years of experience working in the field and have collaborated with several renowned companies and clients in the SaaS industry.
At Herman LLC, an online collective of writers, I generated 1,000+ views on my content and created journal content for 100+ clients on finance topics. My efforts led to a 60% increase in customer engagement for finance clients through revamping website pages and email interaction.
Previously, at Gerhold, a data management platform using blockchain, I wrote and published over 50 articles on topics such as Business Finance, Scalability, and Financial Security. I managed four writing projects concurrently and increased the average salary per page from $4 to $7 in three months.
In my previous role at Bernier, I created content for 40+ clients within the finance industry, increasing sales by up to 40%.
I am an accomplished writer with a track record of delivering high-quality content on time and within budget. I am dedicated to helping my clients achieve their goals and providing exceptional results.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
Question Posted:
Students also viewed these Business questions
-
Which country has a comparative advantage in producing shoes? With international trade, explain which country would export shoes and how the price of shoes in the importing country and the quantity...
-
Multiple Choice Questions: 1. Assume that the opportunity cost of producing a pair of pants in the United States is 2 pounds of rice, while in China, it is 5 pounds of rice. As a result, a. The...
-
But, Mr. Miller, you have said that the opportunity cost of capital is the rate of return on alternative investment projects available to the firm. So long as the firm has debt outstanding, one...
-
The following data are from the accounting records of Niles Castings for year 2: Units produced and sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,000 Total revenues and costs Sales...
-
Write efficient methods that take only a reference to the root of a binary tree, T, and compute: a. The number of nodes in T. b. The number of leaves in T. c. The number of full nodes in T. What is...
-
Determine by direct integration the moment of inertia of the shaded area with respect to the x axis. y = ke-via
-
Recall that Life Fitness had estimated \($1,000,000\) of MOH for the year and 62,500 DL hours, resulting in a predetermined MOH rate of \($16/DL\) hour. By the end of the year, the company had...
-
Northwest Equipment offers a 3% discount to customers who pay cash at the time of sale and a 2% discount to customers who pay within the first 10 days of the month after sale. Past experience shows...
-
1. Let p and q be two positive numbers such that p + q = 2 and p + q = 272. Then p and q are roots of the equation: (a) x-2x+8=0 2. lim x 0 (sint)dt (b) x-2x+136=0 (c) x-2x+16=0 (d) x-2x+2=0 0
-
A machine part in the form a parallelopiped is deformed into the shape indicated by the dashed straight lines (small displacements). The displacements are given by the following relations: u= C1xyz,...
-
We see quite a bit of international trade in the real world. And trade is driven by specialization. So why dont we see full specializationfor instance, all cars in the world being made in South...
-
True or False: If Country B has an absolute advantage over Country A in producing bicycles, it will also have a comparative advantage over Country A in producing bicycles.
-
Give two reasons why a dual-price approach to transfer pricing is not widely used.
-
Pharmacists may become licensed in all states by simply transferring their license from another state. This process of license transfer, known as either reciprocity or endorsement in most states, is...
-
Jen Company decided to change its method of accounting from the cash basis to the accrual basis in 2018. Its taxable income for 2018 under the accrual basis was \(\$ 250,000\). It determined that the...
-
In November 2011, the government of France announced that it was reducing its forecast for economic growth in 2012. It was also reducing its estimates of tax revenue for 2012, since a weaker economy...
-
In the economy of Popania in 2014, total Popanian purchases of assets in the rest of the world equaled $300 billion, purchases of Popanian assets by the rest of the world equaled $400 billion, and...
-
A large electronics firm is attempting to hire six new electrical engineers. It has been the firm's experience that 35 percent of the college graduates who are offered positions with the firm have...
-
Implement a 2-bit binary counter using one logic block as shown in Figure 6-1(a). A 0 is the least significant bit, and A 1 is the most significant bit of the counter. The counter has a synchronous...
-
Can partitioned join be used for r r.A s? Explain your answer
-
An increase in _________ GDP guarantees that more goods and services are being produced by an economy. a. nominal b. real
-
Are labor costs a major fraction of the typical firms overall production costs? How does wage stickiness cause price stickiness? Discuss why firms are averse to cutting wages and salaries during a...
-
Are labor costs a major fraction of the typical firms overall production costs? How does wage stickiness cause price stickiness? Discuss why firms are averse to cutting wages and salaries during a...
-
1. How do consumers account for personal expenses in their personal financial statements? 2. What accounting principles should consumers follow when tracking their personal finances? 3. How can...
-
X company has purchased and issued materials as follows: June 1. Stock of materials 200 units at Rs. 2.50 per unit 3. Purchased 300 units at Rs. 3 per unit 7. Purchased 500 units at Rs. 4 per unit...
-
Choose two questions at the end of the assigned chapters in the Be Rich text to reflect and respond in this discussion forum. Faith Integration Book: Wiersbe, W. (1979). Be Rich: Gaining the Things...
Study smarter with the SolutionInn App