Question
Country A can produce 10 units of cloth or 20 units of
wheat per day. Country B can produce 15 units of cloth or 15 units of wheat per day. Which of the following statements is true?Solution
To determine comparative advantage, we need to compare the opportunity costs. For Country A: Opportunity cost of 1 unit of cloth = 2 units of wheat (since 10 cloth = 20 wheat). Opportunity cost of 1 unit of wheat = 0.5 units of cloth. For Country B: Opportunity cost of 1 unit of cloth = 1 unit of wheat. Opportunity cost of 1 unit of wheat = 1 unit of cloth. Since the opportunity cost of producing wheat is lower in Country A (0.5 units of cloth) compared to Country B (1 unit of cloth), Country A has a comparative advantage in producing wheat.
If x ,y,z are three integers such that x +y = 8,y +z =13 and z +x =17,then the value of x2 /yz is:
- The ratio of M to N is 4:9, and that of N to O is 3:2. If the difference between O and M is 60, what is the total of M, N, and O?
If {1/(y + 1) + 1/(y + 5)} = {1/(y + 2) + 1/(y + 4)}. Find the value of y
What is the square root of the following?
(x² –12x+36) (x² + 8x + 16)
If 125x3 - 64y3 = (Ax + By) (Dy2 - Cx2 + 20xy) , then the value of A + C - 2B + 3D is:
In Δ ABC, ∠ B= 68° and ∠ C 32°. Sides AB and AC are produced to points D and E, respectively. The bisectors of ∠ DBC and ∠...
If y + 1/y = 2 then find y117 + 1/(y117)
If P3 + 3P2 + 3P = 7, then the value of P2+ 2P is –
...
If (a – 8) 2 + (b + 2) 2 + (c – 3) 2 = 0, then find the value √(a +b + c).
...- If (x 2 = 12x – 36), then find the value of [x³ + (x⁴/36)][6 - x³]