It takes ross 6 hours to produce a bushel of corn and 2 hours to wash and polish a car. it takes courtney 6 hours to produce a bushel of corn and 1 hour to wash and polish a car. courtney and ross cannot gain from specialization and trade, since it takes each of them 6 hours to produce 1 bushel of corn. select one:
a. True
b. False
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “It takes ross 6 hours to produce a bushel of corn and 2 hours to wash and polish a car. it takes courtney 6 hours to produce a bushel of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Globe Cars, a leading automobile ancillary firm in China, has decided to form a global alliance with Fulda, a German tire manufacturing company. Which of the following is a primary challenge that Globe Cars is most likely to face in this alliance? A.
Answers (1)
Which of the following is not true regarding the use of labor variance information? a. The actual wage rate is almost always different from the standard rate. b. Unexpected overtime can cause variation in the labor rate. c.
Answers (1)
A business rents bicycles and in-line skates. Bicycle rentals cost $25 per day, and in-line skate rentals cost $20 per day. The business has 20 rentals today and makes $455. (Section 5.3) a.
Answers (1)
At the profit-maximizing level of output, a monopolist will always operate where:
Answers (1)
Sarah is a 50 percent partner in the SF Partnership and has an outside basis of $56,000 at the end of the year prior to any distributions. On December 31, Sarah receives a proportionate operating distribution of $20,000 cash.
Answers (2)
New Questions in Business
Greg purchased stock in Bear Stearns and Co. at a price of $88 per share one year ago. The company was acquired by JP Morgan at a price of $11 per share. What is Gregʹs return on his investment? A) - 87.50% B) - 113.75% C) - 100.62% D) - 96.25%
Answers (1)
Will and bill both enjoy sunshine, water, and surfboards. thus, the two friends decided to create a business together renting surfboards, paddle boats, and inflatable devices in california.
Answers (1)
Jones Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 400 units in process that were 70% complete, receiving 2,500 units from the Cutting Department.
Answers (1)
Newspaper 14 think and review
Answers (1)
Higher inflation a. causes firms to change prices more frequently and makes relative prices less variable. b. causes firms to change prices more frequently and makes relative prices more variable. c.
Answers (1)