User Account

All Pages

Work out the total output per day

Assignment Help Business Management
Reference no: EM131205280

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: EM131205280

Questions Cloud

Convertible at a plant in germany : Roadway Motors, a U.S. automobile company, produces a convertible at a plant in Germany on March 17, 2015. Roadway Motors imports the convertible into the United States on May 21, 2015.
What theme or style are you considering : Your assignment for this module is to begin the basic development and set-up of your selected Web 2.0 Sharing Tool. Discuss your selected Web 2.0 tool that you will use to share and apply your learnings and products developed in this course. Why d..
Determining the current interest rate : An individual, who is currently 30 years old, wants to work until he is 65 and plans on dying at the age of 85. Assuming that the current interest rate is 5% (and the rate is going to hold for the life of the individual), answer the following ques..
Determine feasible solution that meets monthly staffing : Assume your manager has given you this task and you need to come up with a solution. Use the first worksheet, denoted Part 1, to determine a feasible solution that meets monthly staffing needs. You will likely use trial-and-error.
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?
What are humanities and how are they relevant to our lives : What are the humanities and a concise summary of their relevance for our lives- explain the methodology you will use to illustrate your claim about the humanities.
Analyse the process of controlling in manufacturing company : COAC216 Cost Accounting Assessment - Group Report. Analyse the process of Controlling in the manufacturing company for two issues: How can it monitor its manufacturing &/or selling plans
Domestic wheat market in kenya : 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.
Description of business situation that presents legal issue : A description of a business situation that presents a legal and ethical issue. A description of at least two ethical theories under which the situation will be analyzed. An explanation of the specific areas of law under which the situation will be an..

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