Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

Frank can make 8 sandwiches in an hour, while Izumi can do the same in 80 minutes. Which person has comparative advantage in making sandwiches?

Izumi

Frank

Not enough information given

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Paul Krugman, Robin Wells

3rd edition

978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434

More Books

Students also viewed these Economics questions

Question

★★★★★

In Problem, find f (x) and simplify. f(x) = (9 - 5x)2

Answered: 1 week ago

Question

★★★★★

Think of a group to which you belong (or have belonged). Trace its development through the stages of group development as shown in Exhibit 9-2. How closely did its development parallel the group...

Answered: 1 week ago

Question

★★★★★

Provide several examples of ways in which investors are their own worst enemies.

Answered: 1 week ago

Question

★★★★★

On January 15, 2010, National Star Inc. purchased 80,000 shares of Krypton Labs Inc. directly from one of the founders for a price of $55 per share. Krypton has 250,000 shares outstanding, including...

Answered: 1 week ago

Question

★★★★★

Firm A has a value of $100 million and Firm B has a value of $70 million. Merging the two would enable cost savings with a present value of $20 million. Firm A purchases Firm B for $75 million. What...

Answered: 1 week ago

Question

★★★★★

Define terms testamentary trust living (inter vivos) trust trustee beneficiary of a trust legal title of a trust freehold estate leasehold estate fee simple estate life estate grantor remainder

Answered: 1 week ago

Question

★★★★★

You start a consulting business after graduation to do website development for small companies. As your organization grows, you hire more people but communication is informal, employees are committed...

Answered: 1 week ago

Question

★★★★★

Clarence has been investing $1,000 at the end of every year at 11% compounded annually. With today's contribution his investment has grown to $44,500. How many years ago did he make the first...

Answered: 1 week ago

Question

★★★★★

Among the strategies that Amazon has implemented is the cost reduction strategy, focus and leadership in reducing costsIn addition to the strategy of maintaining customer loyalty and using technology...

Answered: 1 week ago

Question

★★★★★

Your organization wants to encourage more collaboration and communication in the organization. The product team wants to collaborate with marketing and the sales team beyond the usual email system....

Answered: 1 week ago

Question

★★★★★

Din frsta uppgift r att lsa, reflektera och analysera caset som finns bifogat, lngst ner i den hr texten, fr INL1. Caset beskriver hur Vanguard Electronics frndrade sin struktur genom att utveckla...

Answered: 1 week ago

Question

★★★★★

Which is caused by changes in the general level of economic activity? Group of answer choices A. Underemployment B. Cyclical unemployment C. Structural unemployment

Answered: 1 week ago

Question

★★★★★

2. Now imagine a real situation in your workplace or home situation where someone gives you feedback. a. Did you perceive the feedback as a hidden criticism? b. Did you perceive the feedback as a...

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: feedback and flexibility as a basis for change, intention and communication as a basis for change and behavioural patterns as...

Answered: 1 week ago

Question

★★★★★

Always have the dignity of the other or others as a backdrop.

Answered: 1 week ago

Previous Question Next Question