subject
Business, 03.09.2021 16:40 tommy6668

risha can pick 4 pounds of coffee beans in an hour or gather 2 pounds of nuts. Tom can pick 2 pounds of coffee beans in an hour or gather 4 pounds of nuts. Each works 6 hours per day. Assume that Tom and Krisha specialize according to their comparative advantage to produce coffee beans and nuts. a. Suppose that Krisha and Tom could buy or sell coffee beans and nuts in the world market at a price of $2 per pound for coffee beans and $2 per pound for nuts. If each person specialized completely in the good for which he or she had a comparative advantage, how much could they earn by selling all they produce (Tom's earnings plus Krisha's earnings)

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 16:30, hvbrown28
What are some of the miranda restrictions on questioning someone?
Answers: 1
image
Business, 21.06.2019 23:30, enchantednights
Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?
Answers: 1
image
Business, 22.06.2019 00:00, 12monkey6
If his parents cannot alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?
Answers: 1
image
Business, 22.06.2019 05:30, DragonWarrior203
From a business perspective, an information system provides a solution to a problem or challenge facing a firm and represents a combination of management, organization, and technology elements. the organization's hierarchy, functional specialties, business processes, culture, and political interest groups are components of which element of information systems?
Answers: 1
You know the right answer?
risha can pick 4 pounds of coffee beans in an hour or gather 2 pounds of nuts. Tom can pick 2 pounds...

Questions in other subjects:

Konu
Mathematics, 21.05.2021 14:00