England and France can produce both wine and cloth. The English use 80 labor-hours to produce a
Question:
England and France can produce both wine and cloth. The English use 80 labor-hours to produce a unit of cloth and 40 labor-hours to produce a unit of wine. The French use 100 labor-hours to pro duce a unit of cloth.
Fill in the blank cell--labor-hours to produce a unit of French wine--to show France's absolute advantage in producing wine. Explain.
Transcribed Image Text:
CLOTH WINE ENGLAND 80 100 40 FRANCE
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 65% (20 reviews)
Cloth Wine England 80 40 France 100 ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
A machine requires four hours to make a unit of Product A and 3 hours to make a unit of Product B. Last month the machine operated for 200 hours, producing a total of 60 units. How many units of...
-
A machine requires four hours to make a unit of Product A and three hours to make a unit of Product B. Last month the machine operated for 200 hours, producing a total of 60 units. How many units of...
-
Fill in the blank cell--labor-hours to produce a unit of French wine--to show no advantage to either France or England in trading with each other. Explain.
-
Depreciation policy is an important decision made by a company's Finance Director. A company has purchased some equipment for 85,000, with an estimated scrap value of 9,000 at the end of its useful...
-
In the text we argued that temporary factor-price differentials tend to be eroded by factor mobility. This question requires you to think about this process. Consider the two markets for sheet-iron...
-
Analyse the overall benefits and disadvantages of IiP accreditation. L01
-
7. Should Profi t Maximization goal be regarded as the primary goal of Financial Management? [C.U. B.Com. (H), 2015]
-
Consider airflow over a flat plate of length L = 1 m under conditions for which transition occurs at xc = 0.5 m based on the critical Reynolds number, Re xc = 5 x 105. (a) Evaluating the thermo...
-
help asap bie x
-
Question A: Stay Safe International manufactures industrial safety equipment at its plant in Evans- ville, Indiana. The company has initiated DRP to coordinate finished goods distribution from the...
-
Graph the situations described in practice problems 13.
-
Fill in the blank cell--labor-hours to produce a unit of French wine--to show France's comparative advantage in producing cloth. Explain.
-
When actual output exceeds an economys full-employment output, how will the self-correcting mechanism direct the economy to long-run equilibrium? Why cant the above normal output be maintained?
-
The copper coil placed inside a stove with the purpose of heating water that flows through the coil. The coil is made from copper tube with an OD of 1 2 . 7 0 mm and ID of 1 1 . 0 8 mm . Water enters...
-
Confidence Levels Given specific sample data, such as the data given in Exercise 1, which confidence interval is wider: the 95% confidence interval or the 80% confidence interval? Why is it wider?
-
Yellow M&Ms Express the confidence interval (0.0847, 0.153) in the form of P - E < p < p + E. 12. Blue M&Ms Express the confidence interval 0.255 (+-) 0.046 in the form of P - E < p < p + E.
-
An ideal, noble gas with a mass of 97.2 g at 25 C and a pressure of 608 torr has a volume of 22.7 L. 1. What is the pressure (in atm)? SHOW ALL WORK. 2. What is R (number and units)? 3. What is the...
-
A drug is used to help prevent blood clots in certain patients. In clinical trials, among 4705 patients treated with the drug, 170 developed the adverse reaction of nausea. Construct a 95% confidence...
-
Annual cash flows from two competing investment opportunities are given. Each investment opportunity will require the same initial investment. {Requirement} Using the information in the question,...
-
Could a set of three vectors in span all of? Explain. What about n vectors in when n is less than m? R4
-
For a company with dividends that are expected to grow at a rate of 4% per year, a current dividend that is $1.50 per share, and investors who require a 9% return on their investments, the value of a...
-
The following table shows the marginal utility a consumer receives from the weekly consumption of On-Demand movie rentals and Thai takeout meals. One On-Demand movie rental costs $5, and Thai takeout...
-
Imagine that for the past two years, youve consumed only two goods: lattes and scones. As youre probably aware, prices tend to go up over time. If the price of your latte increased from $2 to $3 over...
-
You learned in the chapter that the process of utility maximization involves a comparison of marginal utilities per dollar, which are calculated as marginal utility divided by price. Consider two...
-
Each unit of finished goods requires 7 grams of raw material. The company plans to sell 270,000 units during the year. The number of units the company would have to manufacture during the year would...
-
Download the data for quiz 2 from Athena. Perform an Augmented Dicky Fuller test for the bond index time series, with a model with a constant but no trend, See the model i on the quiz instruction...
-
Lindon Company is the exclusive distributor for an automotive product that sells for $44.00 per unit and has a CM ratio of 30%. The companys fixed expenses are $283,800 per year. The company plans to...
Study smarter with the SolutionInn App