What is rockland opportunity cost of automobile production

Reference no: EM133337043

Question: An economy consist of two countries, Jossland and Rockland. Everyday Jossland produce 4 million automobiles or 10 million TVs per month and Rockland can produce 8 million automobiles or 24 million TVs per month.

A)If both Jossland and Rockland spend one half of their time producing automobiles and the other half time producing TVs, what will be the total output of this economy (per month)?

B)what is Rockland's opportunity cost of automobile production?

C)who has the comparative advantage in automobile production?

D)Who has the comparative advantage in TVs production?

Reference no: EM133337043

Questions Cloud

Analyzed the effectiveness of kaiser permanente : Logically analyzed the effectiveness of Kaiser Permanente's current practices. Thoroughly explained and logically justified conclusions

Who bears the risk of investment : Create a matrix and include discussion about: Who bears the risk of investment? What are the actuarial complexities?

Dealing with talent surplus : How can an organization maintain its image while dealing with a talent surplus?

Explain what you found most challenging about apa style : Explain what you found most challenging about APA style, and how you overcame that challenge. Describe resources available to the student that can be

What is rockland opportunity cost of automobile production : If both Jossland and Rockland spend one half of their time producing automobiles and the other half time producing TVs, what will be the total output of this

Why do so many incompetent men become : Why Do So Many Incompetent Men Become Leaders So it struck me as a little odd that so much of the recent debate over getting women to "lean in" has focused

What is leader role in enhancing diversity : What is a leader's role in enhancing diversity and understanding the culture of an organization?

Principles of good corporate governance : Did the board of directors of Wynn Resorts operate according to the principles of good corporate governance, as described in this chapter? Why or why not?

Has the growth in international trade been a benefit : Has the growth in international trade been a benefit or detriment to the U.S. economy? Support your answers with real-world examples.

User Account

All Pages