Nebraska and virginia each have acres of farmland

Assignment Help Macroeconomics
Reference no: EM131186162

Assume Nebraska and Virginia each have acres of farmland. The following table gives hypothetical figures for yield per acre in the two states

Nebraska Virginia

wheat 9 5

cotton 7 2

who has the absolute advantage in the production of wheat?

who has the absolute advantage in the production of cotton?

Reference no: EM131186162

Questions Cloud

Production of natural gas impacted the energy market : How has hydraulic fracturing and the increase in U.S. production of natural gas impacted the energy market in the U.S? Use supply and demand graphs to support your answer.
How the application of the theories can impact work practice : Describe your area of specialization. Then select two theorists from the list provided below and describe how the application of their theories can impact your work practices.
Calculate the values of c, s, i : Assume that prior to the increase in G and T that G=1,200 and T=1,200. Calculate the values of C, S, I and r before G and T go up? What happens after the increased spending to C, S, I and r?  What explains the changes in S, I and r
How do these decisions impact other departments : Which departments does the advertisement pass through during development? What decisions do each department make in regards to the advertisement development and launch? How do these decisions impact the advertisement development process?
Nebraska and virginia each have acres of farmland : Assume Nebraska and Virginia each have acres of farmland. The following table gives hypothetical figures for yield per acre in the two states Nebraska Virginia
Variability in values of overall satisfaction : The coefficient of determination is given by the R-squared value which is 0.863. It means that 86.3% of variability in values of overall satisfaction is explained by this model.
What was your view of juvenile delinquency prior to taking : What was your view of juvenile delinquency prior to taking this class? How has it changed, if at all? If so how. How effective is the juvenile justice system in preventing delinquency rather than just addressing it as it comes through the court sy..
Which set of projects would you recommend : Which set of projects would you recommend if your firm could only spend $70 million in upfront costs on investments and if the investment in the Alpha project decreased the upfront costs required for each of the remaining projects by half?
Does a change in consumer tastes : Does a change in consumer tastes lead to a movement along the demand curve or a shift in the demand curve? Does a change in price lead to a movement along the demand curve or a shift in the demand curve? Explain your answers.

Reviews

Write a Review

Macroeconomics Questions & Answers

  What is the argument in favor of the blss decision

Beginning in 1994, environmental regulations have required that gasoline contain a new additive to reduce air pollution. This requirement raised the cost of gasoline. The Bureau of Labor Statistics decided that this increase in cost represented an..

  Mechanical aspects of conducting fiscal and monetary

mechanical aspects of conducting fiscal and monetary policybriefly explain the tools that governments have to move the

  Second linearly independent solution

The function y_1(t)=t^2 is a solution of the differential equation t^2y''-2y=0 ,Find a second linearly independent solution. Use the reduction oforder method. DO not use the formula.

  In friedman''s interpretation of the philips curve

In friedman's interpretation of the philips curve, an expansionary monetary: 1.increase both inflation and nominal output in the short run and long

  The size of the worker force in a community

The size of the worker force in a community these folks are gainfully employed What is the unemployment rate.

  Difficult time responding to a negative real shock

Why would the Federal Reserve have a difficult time responding to a negative real shock?

  What is the most a firm should pay the first security guard

If each security guard is paid $200 a week, and the cost of the stolen radio is $25, how many guards are needed to hire?

  Assume the marketplace for milk

Assume the marketplace for milk. For each of the following events, state whether it affects supply or demand (or both, or neither), which direction supply/demand shifts.

  How will the action in wisconsin hinder or boost the labor

The other event is the successful effort in Wisconsin to curb the power of labor unions representing State workers in that State. Similar efforts have been made in other States. In Wisconsin, workers have been forced to give up most rights to barg..

  Elucidate the own price elasticity for atm fees

Elucidate the own price elasticity for ATM fees charged to non-customers. At the current ATM fee, should you raise or lower your ATM fees.

  Gm announced that it will close its oshawa truck plant

gm announced that it will close its oshawa truck plant in 2009 and a windsor transmission plant in 2010. ford

  Property rights and efficient resource allocation

Explain the concept of externality. What does it have to do with the efficient allocation of resources?

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