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- I need the answer as soon as possibleSelect corrEct oneEddie Guitars 32 28 24 20 16 12 8 4 0 Tubas 0 1 2 3 4 5 6 7 8 Dave Guitars 25 20 15 10 5 0 Tubas 0 1 2 3 4 5 35 30 25 20 15 10 5 0 30 25 20 15 10 5 0 0 0 2 1 2 4 3 6 4 8 5 10 6 Eddie and Dave both produce guitars and tubas. They produce a given amount of each per month as seen in the tables above. Given the production possibilities curves of each individual above, answer the following: Who has the comparative advantage in the production of guitars? Eddie, because he is able to produce a greater number of guitars compared to Dave Dave, because his opportunity cost of producing a guitar is 5 tubas compared to Eddie's opportunity cost of producing a guitar of 4 tubas Eddie, because his opportunity cost of producing a guitar is 0.25 tubas compared to Dave's opportunity cost of producing a guitar of 0.20 tubas Dave, because he is able to produce a lower number of guitars compared to Eddie Dave, because he is able to produce a greater number of guitars compared to Eddie Dave, because his…
- Ahmed the Nigerian guy can produce any of the following combinations of clay pots (P) and jute bags (J): (a) 100 P and 0 J; (b) 50 P and 25 J; (c) 0 P and 50 J. Adib the Bangladeshi guy on the other hand can produce the following combinations of clay pots and jute bags: (a) 50 P and 0 J; (b) 25 P and 40 J; (c) 0 P and 80 J. Who has the comparative advantage in the production of clay pots? Of jute? Explain and show the calculations clearly.ECONOMICS UPVOTE WILL BE GIVEN. PLEASE CHOOSE THE CORRECT ANSWER. NO LONG EXPLANATION NEEDED. A company produces a single, high-volume product. One year its production volume was 780,000 units, its fixed costs were Php 160 million and its variable costs were Php 800 per unit. What was the company's average cost per unit produced? A. Php 1,005.00 B. Php 205.00 C. Php 800.00 D. Php 1805.00AS U4 Read the following scenario. Superconductor technology is becoming a widespread and indispensible component of the machines we use today. Superconductors can be found in everything from transportation to electronic signal transmission. Due to our increasing reliance on technology, the demand for superconductors has skyrocketed. As a result, production has also increased exponentially, which has greatly reduced the cost per unit. Use the scenario to answer the following question. Calculate a long-run average cost curve for superconductors.
- arrow_forward Question Asked Jun 23, 2020 1 views Management of Ben Services identified two groups of individuals that would be interested in the vacation package consisting of room and board and/or entertainment. The maximum amount that group 1 is willing to pay for room and board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximumamount they are willing to pay for room and board is GHC 1800 and forentertainment is GHC 750. Although Ben is not able to identify members of either group, it does know that each group values the components of the package differently. Assuming there are an equal number of members in each group and that the total membership in each group is a single individual. If the marginal cost of providing the service (room and board and/or entertainment) to each group is GHC 1000. i. If AG Travel and Tour wants to charge a package price, what is the highest price it can charge? ii. What profit will AG Travel and Tour make if it…How does it go from qi = (1 - q1 - q2 - ... - qn - c)/2 to q = (1 - cq)/(n + 1) via the substitution in the last step?Given a QD = 100 – 2P and QS = 6P – 20 Graph the S and D