D2) Consider the following hypothetical workersSoyVietnamese WorkerU.S. WorkerSoy40101020ShoesShoes21. If both workers make only shoes then the Vietnamese worker will makeand the American worker will makea 10;40b) 10;20с. 1: 2d. 2; 1pairspairs.22. If both workers make only soy, then the Vietnamese worker will makethe American worker will makea 10:406. 10;20с. 1; 2d. 2; 1Ibs. andIbs.23. The average US worker has an absolute advantage in the production ofboth shoes and soy.b. neither good; the Vietnamese worker has an absolute advantage in both.c. soy, and the Vietnamese worker has an absolute advantage in shoes.d. shoes, and the Vietnamese worker has an absolute advantage in soy.24. The opportunity cost of making one pair of shoes isVietnamese worker andIbs. of soy for theIbs. of soy for the US worker.a. 10; 40b. 2; 1/2с. 1;B 2d. 1; 1/2alued byy society,racting new firmsdoing, theat society values theby society,out their

Question Number 21: If Vietnam produces only shoes then the production of soy is zero so we see the…

Consider the following hypothetical workers Soy Vietnamese Worker Soy U.S. Worker 40 10 10 (20 Shoes Shoes 21. If both workers make only shoes then the Vietnamese worker will make and the American worker will make pairs pairs. 10:40 6 10;20 c. 1; 2 d. 2; 1 22. If both workers make only soy, then the Vietnamese worker will make the American worker will make Ibs. and Ibs. 10;40 Б. 10;20 с. 1;B 2 d. 2; 1 23. The average US worker has an absolute advantage in the production of both shoes and soy. . neither good; the Vietnamese worker has an absolute advantage in both. c. soy, and the Vietnamese worker has an absolute advantage in shoes. d. shoes, and the Vietnamese worker has an absolute advantage in soy. The onnortur

Consider the following hypothetical workers Soy Vietnamese Worker Soy U.S. Worker 40 10 10 (20 Shoes Shoes 21. If both workers make only shoes then the Vietnamese worker will make and the American worker will make pairs pairs. 10:40 6 10;20 c. 1; 2 d. 2; 1 22. If both workers make only soy, then the Vietnamese worker will make the American worker will make Ibs. and Ibs. 10;40 Б. 10;20 с. 1;B 2 d. 2; 1 23. The average US worker has an absolute advantage in the production of both shoes and soy. . neither good; the Vietnamese worker has an absolute advantage in both. c. soy, and the Vietnamese worker has an absolute advantage in shoes. d. shoes, and the Vietnamese worker has an absolute advantage in soy. The onnortur

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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III. PROBLEM SOLVING: Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 12 10 6. What is the Supply Function? 7. What is the Equilibrium Point? Q 4 6 1. What will be the TOTAL COST EQUATION? 2. How many units must he sell in order to break even? 3. How much should be her revenue to earn a profit worth 100,000 pesos? 4. If Lino would like a Net Profit of 300,000 pesos, how many units should he sell? 5. What is the Demand Function?. ANSWER 567
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