User Account

All Pages

Work out the total output per day

Assignment Help Business Management
Reference no: EM131203860

Can you ans this for me please! (jack & Jill are both entrepreneurs and are both producing hats & shoes. Jack is producing 1 hat and 3 shoes per hour whereas Jill is currently producing 2 hats & 5 shoes per hour. Now they limited labor hours to 10 hours per working day.

a. Work out the total output per day for the entrepreneurs?

b. Who has the absolute advantage in producing hats & shoes per hour

c. Who has the comparative advantage in producing Hats?

d. Who has the comparative advantage in producing shoes?

e. As a trade Economist who should you advice to export shoes and why?

Reference no: EM131203860

Questions Cloud

Calculate the total value of your investment : Determine the total value of your investment. Provide your final opinion / assessment of your investments. Did you make money or lose money? Discuss your results and, based on hindsight, describe what you would do differently.
Working before he hits the retirement age : 1) How much will the individual have to amass by the time he is 65 if he plans on spending $40,000 per year while retired and until he dies? 2) How much will the individual have to set aside each year while working before he hits the retirement age..
Determine the total amount of manufacturing overhead cost : For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called LEC 90 that has become increasingly popular. Deter..
Design and size a reactor to produce 20 kt/y of acrogenic : Estimate the reactor cooling requirement for a plant that produces 20,000 metric tons per year (20 kt/y) of acrolein if the reactor is operated isothermally.
Work out the total output per day : a. Work out the total output per day for the entrepreneurs? b. Who has the absolute advantage in producing hats & shoes per hour c. Who has the comparative advantage in producing Hats?
Deduct all state taxes paid on her federal income tax return : Tammy, a resident of Virginia, is considering whether to purchase a North Carolina bond that yields 4.6% before tax. She is in the 35% Federal marginal tax bracket and the 5% state marginal tax bracket. Which of the two options will provide the great..
Determine the current across r5 : For the bridge network of given figure:- Write the nodal equations using the format approach.- Determine the current across R5.
Trade in the world market for wheat : Suppose Kenya is open to free trade in the world market for wheat. Because of Kenya's small size, the demand for and supply of wheat in Kenya do not affect the world price. The following graph shows the domestic wheat market in Kenya.
Indicate the direction of change in the affected curve : Due to a recent strike, workers who produce remote controls have experienced an increase in their wage. Indicate whether the supply or the demand curve is affected by this change and indicate the direction of change in the affected curve. Explain ..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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