Paula and Carlo are coworkers. Their production possibilities frontiers for counseling clients and writing memos are given
Question:
a. Which worker has an absolute advantage in counseling clients?
b. Which worker has an absolute advantage in writing memos?
c. Which worker has a comparative advantage in counseling clients?
d. Which worker has a comparative advantage in writing memos?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
Absolute advantage is the ability to produce more of a good or service than others can ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Multiple Choice Questions 1. In an hour, David can wash 2 cars or mow 1 lawn, and Ron can wash 3 cars or mow 1 lawn. Who has the absolute advantage in car washing, and who has the absolute advantage...
-
This problem uses the Heckscher-Ohlin model to predict the direction of trade. Consider the production of handmade rugs and assembly line robots in Canada and India. a. Which country would you expect...
-
Why are most production possibilities frontiers for goods bowed outward (concave downward)?
-
Neutrons can be used in diffraction experiments to probe the lattice structure of crystalline solids. Since the neutron's wavelength needs to be on the order of the spacing between atoms in the...
-
For a simple linear regression analysis attempting to relate consumer confidence (y) to the unemployment rate (x), the following data are available: Show the data in a scatter diagram and use the...
-
For a tax to be deductible as an itemized deduction, what three tests are required?
-
Alan Oil Corporation, located in Denver, Colorado, has been operating for three years. Alan uses full cost accounting and excludes all possible costs from the amortization base. The following account...
-
1. Whats the estimated value from the ANOVA regression given by the slopes in Table 4 for the change in sales in the Midwest if ads feature the small labor partition? Whats the simple way to get this...
-
0.13/1 pt Answer the following questions about the graph of 'f" based on the graph of 'f above. A) State the 'x'-values over which 'f" is positive. (-,-1) U (-1,0) U (2,00) B) State the x-values over...
-
The irreversible first-order (wrt partial pressure of A) gas-phase reaction A B is carried out isothermally in a "fluidized" catalytic CSTR containing 50 kg of catalyst. Currently, 50% conversion is...
-
Your friend Sam has been asked to prepare appetizers for a university reception during homecoming weekend. She has an unlimited amount of ingredients but only 6 hours to prepare them. Sam can make...
-
Two students are assigned to work together on a project that requires both writing and an oral presentation. Steve can write 1 page or prepare 3 minutes of a presentation each day. Anna can write 2...
-
The Kingdom of Bhutan measures the happiness of its population, and government policy is formulated to increase Bhutans GNH (gross national happiness). Read about how the GNH is measured (try...
-
What should each worksheet contain besides the audit information?
-
Consider an economy with 10,000 individuals. Of them, 5,000 each earn \($25,000;\) 3,000 each earn \($40,000;\) and 2,000 each earn \($100,000\). (a) What is the Gini coefficient for this economy?...
-
What items of information must be included in a notice of deposition?
-
How can the audit program be used to summarize audit work performed?
-
What kind of background in data processing do you think an internal auditor should have?
-
Explain why a deficiency of pyruvate carboxylase leads to lactic acidosis.
-
The May 2014 revenue and cost information for Houston Outfitters, Inc. follow: Sales Revenue (at standard).............. $ 540,000 Cost of Goods Sold (at standard) ..........341,000 Direct Materials...
-
When a student consolidates federal subsidized and unsubsidized loans, does the interest rate change? Does the term of the loan change?
-
Consider the effect of reputation and say whether you are likely to be treated better in scenario a or scenario b. a. You tell an auto mechanic that you have just moved to town. b. You tell an auto...
-
In which of the following government policies is moral hazard not a concern? a. Government provides disaster relief for homeowners who lose their homes in a flood. b. Government provides unemployment...
-
Which player is likely to have higher bargaining power: a large, established company shopping around for a new parts supplier, or a start-up company trying to sell its parts? Explain your answer.
-
Dr. Minn is selling her physical therapy practice after owning the practice for 20 years. Dr. Linn is going to buy the radiology practice at a higher price because Dr. Minn has over 500 patients and...
-
Dr. Tier owns a non-profit agency in the local community that provides food, shelter, and counseling for disadvantaged youth and families. At the end of the year, the non-profit agency's difference...
-
Comparative financial statements for Weller Corporation, a merchandisi ompany, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of...
Study smarter with the SolutionInn App