6. According to Ricardo, a country will have a comparative advantage in: Industries in which there are neither imports nor exports O b. Industries that sell to only foreign buyers Import competing industries O d. Industries that sell to domestic and foreign buyers

Q: You have following information on the Bank of Morrisland: it currently holds a total of $150 million…

A: Introduction We have information of Bank of Morrisland. Bank have total check deposits = $150…

Q: A man wishes his son to receive  200 000 pesos ten years from now. What amount should he invest if…

A: There are two periods need to consider .  1st period is the 1st 5 years in which there are different…

Q: What approach to and mode of entry do you believe Yum Brands/KFC used to enter the China market?

A: After McDonald's, Kentucky Fried Chicken (KFC) is the second-largest fast-food chain. Yum! brands…

Q: _______ How well off an individual or a society is, mainlyin terms of want satisfaction through…

A: Consumers in an economy consume different goods and services to satisfy their wants. The…

Q: Find the exact simple interest on P 10,000.00 for the period from January 12 2016 to November 23…

A:

Q: For a single-price monopoly, marginal revenue is when demand is elastic and is when demand is…

A: A single price monopoly firm produces its profit-maximizing output at the point where MR= MC. When…

Q: Given the data for two alternatives, choose the better alternative using the B/C ratio analysis.…

A: The correct answer is given in the second step.

Q: For ten years, a man inherited a 100,000 endowment every three months. He may, however, elect to…

A: According to the question, Value of Principal = 100,000 Time period = 4 years compounded quarterly…

Q: 33 As a country begins to liberalize its capital account, what would you expect to happen to the…

A: When a country open-up its economy to make economic transactions with the rest of the world, it will…

Q: You operate a cafe which generated total revenue was $60,000. Your costs for rent and supplies were…

A: Economic profit considers opportunity cost which is the value of next best alternative.

Q: Robinson makes $200 a week and spends his entire income on running shoes and basketball shorts.  a.…

A: Explanation: A. When Robinson makes $200 a week and utilized his whole income on running shoes and…

Q: If an investment has a nominal return of 3.8% per year, while the inflation is expected to be  3.6%…

A: Real return is the interest rate adjusted for inflation. Nominal return does not account for price…

Q: 1. What kind of good is it? Determine whether each of the following goods is a private good, a…

A: "Public good is a good that is available to everyone and that one person's use of it does not impair…

Q: In the model of horizontal product differentiation, the monopolist’s optimal number of shops is ____…

A: In a market, horizontal product differentiation refers to the situation when firms use…

Q: Changing a regulation may require focusing on different targets depending on the stage of…

A: Changing a regulation may require focusing on different targets depending on the stage of the…

Q: Consider a Hotelling location game, where two firms simultaneously choose where to set up their ice…

A: The Nash equilibrium is a situation in which each player chooses an optimal strategy given the…

Q: Make a critique on some important economic, social and cultural impositions by the Spaniards and the…

A: The proof was discovered by Spanish friars, and the leaders were obliged to act prematurely. Around…

Q: Mang Enteng borrowed P2000.000 from a bank and promised to pay the amount for 1 year. He received…

A: Given  Mang Enteng borrowed P2000 from a bank as a discounted loan where discounted interest amount…

Q: (b) What is his supply function? (c) If lemons cost $4 per pound, the wage rate is $9 per hour, and…

A: The correct answer is given in the second step.

Q: 1. The IS curve is based on the goods market: Y C, + mpc (Y - T) + la-2r +G. Assume that the mpe 80.…

A: IS curve denotes locus of those points at which goods market is in equilibrium . It is drawn in (r ,…

Q: How do two countries benefit from trading with each other?

A: Countries generally do trade with other countries when they have a lack of resources, to satisfy and…

Q: Consider a perfectly competitive constant-cost industry with n identical firms. Startis from long…

A: A perfectly competitive industry with a horizontal long-run industry supply curve as a result of no…

Q: What is the relationship between supply and demand?

A: Supply and demand is an economic model of price setting in a market in microeconomics.

Q: 4. The opportunity cost of changing your decision on what to major in college is highest___   a.…

A: Opportunity cost can be defined as the benefit that has been forgone of the next best alternative…

Q: 16. Suppose country A has abundant labor and scarce capital. Product L requires labor intensive…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: An international or global competitor can strive to gain competitive advantage or counteract…

A: An international competitor refers to when an entity competes in another country. In this, the…

Q: Assume the economy is initially in equilibrium with desired aggregate expenditure equal to real GDP…

A: Aggregate demand curve shows the negative relationship between the price level and output of the…

Q: Describe the difference between average revenue and marginal revenue. Why are both of these revenue…

A: The average revenue is the amount of money a company may make by selling a single unit of their…

Q: Suppose a feed mill is looking at their total revenue. If they receive $36 per sack of horse feed…

A: There are two livestock one is cattle with $14 price per unit and another is Horse with $36 per…

Q: The feature that distinguishes monopolistic competition from perfect competition is that…

A: However, in economics, the term "market" refers to a market for a commodity or commodities rather…

Q: Determine the nominal interest rate compounded continuously corresponding to an effective interest…

A:

Q: Price (Dollars per Garment) 7 D E 5 AC=MC Demand Marginal Revenue 10 20 Garments cleaned per year…

A: In perfect competition there are large number of firms and in monopolistic market there is only one…

Q: What intellectual property distinctive competencies exist for India and China?

A: Patents, copyright, and trademarks, for example, are legal protections that allow people to profit…

Q: Which of the following will decrease potential real GDP? Select one: O a. A decrease in the natural…

A: Real gross domestic product (real GDP) is an inflation-adjusted measure that reflects the value of…

Q: Analyze the role of employees, change strategy, and the management in reducing chance resistance.

A: In an organization or a business entity, the key roles are played by the employees, a business will…

Q: 1. (.. .-, The Zany Florist is a firm operating in the florist industry in Toronto, Ontario…

A: Introduction Here production function of Zany has given. a) The production function of Zany is  y =…

Q: What is a unitary elastic supply?

A: The markets are the place where the buyers and the sellers of various goods and services and other…

Q: From the data given below, using the simple average of price relative comput: (i) Index number for…

A: [a]Index number for 1998 when 1995 is base  Items Price Price Relative prices         Rice 5…

Q: What reasons would you give if you were advising someone to study business?

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Your boss has just presented you with the summary (below) of project costs and annual revenues for a…

A: An investment opportunity is said to be economically justifiable if its future worth is greater than…

Q: The table shows how the output of wool fabric varies with the number of workers employed in a…

A: Diminishing marginal returns means when increases one unit of factor of Production keeps other…

Q: A manufacturer produces a certain product at a labor cost of P 315 per unit, material cost of P 100…

A: As given labor cost = 315/ unit Material cost = 100/ unit Fixed cost = 461600 Variable cost = 3/…

Q: Suppose the firm's production function is Q = 2KL, where Q is units of output, K is units of capital…

A: We can find out the short run production function using the capital K= 4.

Q: 1. Without a thorough strategy formulation process, is it possible for an organization to survive in…

A: Every organization has its own goals and visions for the long term achievements of the organization…

Q: Consider a cost sharing problem with three agents who demand 1, 2 and 3, respectively. In general,…

A: (a). Cost of collective demand (cost D) = (x₁+x2+x3)2 Where D = collective demand = x1 + x2 +…

Q: 2.2. Market Equilibrium for Breakfast Cereal - 1 Scenario1: Consider wheat, an input into many final…

A: Wheat is used in making breakfast cereal.  It is expected to have in reducing mountain snowpack in…

Q: According to Degree of Integration (Give the definition of each and Examples) Customs Union

A: International trade refers to the free movement of goods and services, jobs, capital, technology,…

Q: Choose the best/correct answer.  ___1. The curve of demand points____. A. Vertical…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three question for you.…

Q: How do you convert a series of nominal economic data over time to real terms?

A: When studying economic statistics, it's critical to understand the difference between real and…

Q: Douglas allocates his budget of $24 per week to 3 goods, cereal, books and clothing. Use the table…

A: Utility is maximised at a point where marginal utility per dollar for all the goods are equal.

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.