The table below shows one of the most preferred trade exercises in your class, according to your classmates' votes. Refer to it to answer the following question. Burrito 40/hr Вowl 44/hr Chipotle Hot Head Burritos 36/hr 42/hr If graphing the production possibilities frontier for Hot Head Burritos, the intersection for the Bowl axis will be at number (type the number, no text)
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- Hi there. can you please assist on the following question below Multiple-choice questions: Select one correct answer for each of the following. Q.1.1 Consider the information contained in the table below. The table shows output rates in France and Holland for two goods (cheese and wine), when resources are fully and efficiently utilised. Country Cheese Wine Holland 450 150 France 400 100 Based on this information:(1) Holland should specialise in wine production and should export wine toFrance;(2) Holland has the absolute advantage in both cheese and wine production and consequently will not benefit by trading with France;(3) France should specialise in wine production and should export wine toHolland;(4) Holland should specialise in both cheese and wine production and should export both goods to France.Q.1.2 News about high levels of criminal activity in South Africa discourages American tourists from visiting South Africa. This decline in the number of tourists from the USA…Calculate the opportunity cost of producing the first 10 and the last 10 missiles. Discuss if the frontier exhibits increasing opportunity costs. Missiles vs. Milk (millions of gallons) 0 4010 3520 2730 1740 4Suppose Amber and Jade can spend their days making croissants or writing poems. Their output per hour at each activity is the following: Croissants Poems Amber 40 2 Jade 30 1/2 In this situation, can mutually beneficial trade occur? Select one: A. No, because Jade is more productive than Amber at both activities. B. Yes, if Amber specializes in making croissants and trades them to Jade for her poems. C. No, because Amber more productive than Jade at both activities. D. Yes, if Amber specializes in writing poems and trades them to Jade for her croissants.
- In 2010, Switzerland-based Nestlé began sailing supermarket barges up and down parts of the Amazon River. The barges carry approximately 300 different goods and cater to about a dozen local communities that fish the Amazon's bountiful rivers and whose members lack the time and money to visit a conventional store. Which advantage from trade is illustrated in this passage?a.differences in preferencesb.specializationc.comparative advantaged.Each of these advantages is illustrated in the passage.Davis Florist has two employees, Anita and Jerome, and two tasks that need to be completed, floral arrangements and floral delivery. It takes Anita 30 minutes to finish one floral arrangement and 40 minutes to make a delivery. It takes Jerome 10 minutes to finish one floral arrangement and 30 minutes to make a delivery. Each worker works six hours per day. a. (Anita, Jerome) ______ absolute advantage in floral arrangements. ______ (Anita, Jerome) has an absolute advantage in deliveries. b. Anita’s opportunity cost of making one floral arrangement is ________ ( 1.33, 0.75, .33, 3) deliveries. Anita’s opportunity cost of making one delivery is ______ (1.33, 0.75, .33, 3) floral arrangments. c. Jerome’s opportunity cost of making one floral arrangement is _______(.75,3,1.33..33) deliveries. Jerome’s opportunity cost of making one delivery is (3, 1.33, .75, .33) floral arrangements. d. (Jerome, Anita)_____ has a comparative advantage in floral arrangements. (Jerome, Anita)_____ has…grow cherry tomatoes and catch salmon. The accompanying table shows the maximum annual output combinations oftomatoes and salmon that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for cherry tomato production, there are fewer resources available for catching salmon. CHERRY TOMATOES SALMON 0 1500 500 1400 900 1200 1200 900 1400 500 1500 0 a. Draw a production possibility frontier with cherry tomatoeson the horizontal axis and salmon on the vertical axis illustrating these options, label the points. ( A-F) bi. On your graph put in a point to indicate 500 pounds of salmon and 800 pounds of cherry tomatoes, Label this point ‘G’. Can the economy produce at this point YES or No. Explainwhat the point illustrates.…
- You are given the following information for two hypothetical schools: Triton College can teach 15 Oceanography (OCN) courses OR 5 Political Science (POLI) courses, while Capitol University can teach 28 OCN courses OR 7 POLI courses. Assume that the faculty at each school is homogeneous. a. Which is more efficient at teaching OCN? b. Which is more efficient at teaching POLI? c. Suppose that Capitol University merges with Triton College to form Capitron Academy. Draw the PPF for Capitron Academy. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Explain the usefulness of a Production Possibilities Frontier and how it could be applied to an example to support an economic argumentTrade makes both consumers and producers better off. Explain this in detail with all appropriate graphs.
- Explain The theory of external economies, Fixtemnal conony and intermational trade,When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. Then the country will specialize in the production of this good and trade it for other goods. The following graphs show the production possibilities frontiers (PPFs) for Candonia and Sylvania. Both countries Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure. produce lemons and coffee, each initially (i.e., before specialization and trade) producing 18 million pounds of lemons and 9 million pounds of coffee, as indicated by the grey stars marked with the letter A. Candonia has a comparative advantage in the production of lemons, while Sylvania has a comparative advantage in the production of coffee. Suppose that Candonia and Sylvania specialize in the production of the goods in which each has a comparative…pics is just for reference i need Q20 solution Question 20 Refer to Table 1-1 in Question 11 and your answers to questions 11-18. (Same scenario as Q 19) Assume that Derryland and Whetonia each has 40 labor hours available and that there is no trade. Each country consumes what it produces. Assume now that, without trade, Derryland spent 28 hours producing cheese and the remaining 12 hours producing bread. Whetonia spent 20 hours producing cheese and 20 hours producing bread. What is the total output of BREAD produced by both countries combined?