Absolute and comparative advantages

Assignment Help Business Management
Reference no: EM131557480

It takes Billy 1 hour to sew a shirt and 2 hours to make a pair of pants. Ivy can make a shirt in 30 minutes, but it takes her 2.5 hours to make a pair of pants. Both are able to work 10 hour days. My question is, who would have the absolute and comparative advantages in making shirts or pants. I am 100% on the difference.

Reference no: EM131557480

Questions Cloud

Discuss the shipping cost of each piano from plant ii : SHIPPING COSTS Steinwelt Piano manufactures uprights and consoles in two plants, plant I and plant II. The output of plant I is at most 300/month.
How could the us economy be affected if the us backs out : how could the U.S. economy be affected if the U.S. backs out of its trade deals with countries, such as Canada and Mexico, and does not pursue trade deals.
Health care regulations largely unsuccessful : Why have health care regulations been largely unsuccessful? Support your answer with evidence.
What do you think of efforts to restrict hate speech : What limits do you think there should be re. freedom of speech? What do you think of efforts to restrict "hate speech"
Absolute and comparative advantages : My question is, who would have the absolute and comparative advantages in making shirts or pants. I am 100% on the difference.
What is the government intervention in the economy : What is the government intervention in the economy?
Why do you think it makes sense to collect descriptive data : Do you think you would also collect some descriptive data, such as gender, age, or shift? Why do you think it makes sense to collect descriptive data?
How is climate change disrupting the lives : How is climate change disrupting the lives of peoples around the world? Or is it? Is it disrupting your life today? How about tomorrow?
How many advertisements should everest place in newspaper : ADVERTISING Everest Deluxe World Travel has decided to advertise in the Sunday editions of two major newspapers in town.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd