Kate can wax 2 cars per day or wash 6 cars. Jack can wax 2 cars per day or wash 4 cars.    Who has a comparative advantage in washing cars? What is the opportunity of washing cars?

Q: Olivia and Helen produce shirts and ties. The figure shows Olivia's PPF and Helen's PPFH. Olivia and…

A: The PPF is also referred to as the production possibility curve (PPC). It is a key economic concept…

Q: Draw the PPC for the lowan farmer, the PPC for the Nebraskan farmer, and then draw the combined PPC…

A: PPC stands for production possibility curve. PPC represents the locus of points of the combination…

Q: (Table: Four persons) The table lists the minutes that it will take four people to wash a car and to…

A: Opportunity cost of washing a car = (Minutes takes to wash a car / Minutes takes to sort & fold…

Q: Elif can produce 6 pies or 30 cakes in 1 hour. Ahmet can produce 10 pies or 20 cakes in 1hour A)…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Brother i need these graphs to be more detailed please sir at least the PPF one

A: First of all, we have to know the term opportunity cost. Opportunity cost is actually showing the…

Q: Blue Violet's production possibilities Teapots (number per week) 150 100 50 0 & & & Coffeepots…

A: A graphical depiction known as the Production Possibility Curve (PPC) illustrates achievable…

Q: 3. Country A and Country B are two countries that each produce t-shirts (T) and sneakers (S). From…

A: A country’s PPF measures various combinations of two products that can be produced with the…

Q: Suppose that there are 10 million workers in Japan and that each of these workers can produce either…

A: Given that there are 10 million workers in Japan and that each of these workers can produce either 2…

Q: Assume George and Abe are stranded on an island and can only produce two goods: fish and coconuts.…

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Q: What does the shape of the PPF curve drawn suggest about the opportunity cost of producing ONE more…

A: A production possibility curve is a graph that depicts the many combinations of two items that can…

Q: Use the following production possibilities frontier for a country to answer the following questions.…

A: Production means goods are produced in such a manner that cost is minimized and production is…

Q: Suppose County A and B produce only paper and cars. Country A can produce 8 tons of paper or 4…

A: Production possibilities frontier The production possibility frontier (PPF) seems to be a slope on…

Q: Mike Debby 60 minutes Vacuum room 45 minutes 30 minutes 45 minutes Wash Dishes What is Mike's…

A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…

Q: Each day, Ted can wax 6 cars or wash 12 cars, and Ishana can wax 3 cars or wash 9 cars. What is each…

A: Comparative advantage is the ability of the country or individual to produce the good at a lower…

Q: Show, using a curved PPF, what would happen if there was a terrible natural disaster that destroyed…

A: PPF curve is a curve that shows the various level of combination of two goods that an economy can…

Q: Lili can do 60 econ or 40 math problems in 1 hour. Alan can do 50 econ or 30 math problems in one…

A: Comparative Advantage means an individual can produce a specific product at a lower marginal…

Q: Explain the movement from point A to B for the production of these two goods.

A: Production possibility curve shows the combination of two goods that can be produced with the given…

Q: Ted can wax a car in 25 minutes or wash a car in 75 minutes. Ishana can wax a car in 20 minutes or…

A: Ted can wax a car in 25 minutes or wash a car in 75 minutes. Ishana can wax a car in 20 minutes or…

Q: Suppose two countries produce the same twogoods and have identical production…

A: Production possibilities frontiers are used to represent the trade-off that occurs between the…

Q: What is a ppf

A: PPF stands for production possibility frontier. It helps to demonstrate the trade of between two…

Q: use a diagram to ishow how ppf illustrates the loss of resources for a country

A: PPF or Production Possibility frontier gives the possible combination of goods that can be produced…

Q: Jimmy and Robert are stranded on a deserted island.  Robert can catch 10 fish in a day or pick 15…

A: Comparative advantage refers to the production of a good with the least opportunity relative to…

Q: #5. Mary and Daniel like to make tacos and cakes. The time it takes for Mary and Daniel to make…

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Q: In my household on a given day, I can clean 2 room or do 4 load off laundry. However, my mom can…

A: Production possibility frontier shows the combination of two goods that a country can produce…

Q: #5. Mary and Daniel like to make tacos and cakes. The time it takes for Mary and Daniel to make…

A: Comparative advantage means the capacity of a person or group to carry out one economic activity…

Q: Suppose Spain produces two types of goods: agricultural and capital. The following diagram shows its…

A: Given: Types of goods produced: Alfafa, Agricultural good Locomotives, capital good

Q: Question attahed in image

A: Two economic agents engage in voluntary trade with each other by exploiting each other's comparative…

Q: Based on the table below answer the following: Points A B C Combinations of sweaters and phones…

A: 1. graph added in explanation .2. from segment AB : 4 sweaters / 1 phone    from segment CD : 4…

Q: Suppose that Patrick Mahomes can pass for 28 touchdowns per season or run for 14 touchdowns per…

A: Opportunity cost = What is sacrificed / What is gained.

Q: Kate can read 40 pages of economics in an hour. She can also read 30 pages of sociology in an hour.…

A: A production possibility curve depicts the combination of two goods that can be produced using the…

Q: Suppose that Canada produces only lumber and fish. It has 18 million workers, each of whom can cut…

A: Production possibilities frontier is derived from different combinations of two goods that can be…

Q: A. South Korea should specialize in producing TV sets because it has a lower opportunity cost. B.…

A: The following problem has been solved as follows: A nation is said to have comparative advantage in…

Q: Barlow and Rusia own a nail salon. A manicure takes Barlow 60 minutes to complete and takes Rusia 45…

A: Barlow takes 60 minutes to complete a manicure while Rusia takes 45 minutes to do the same job.…

Q: In an hour, Sue can produce 40 caps or 4 jackets and Tessa can produce 80 caps or 4 jackets. If Sue…

A: Comparative advantage is the production of goods at a lower cost than others.

Q: . Country A and Country B are two countries that each produce t-shirts (T) and sneakers (S). From…

A: The production possibilities frontier (PPF) refers to the a downward sloping curve which is concave…

Q: Sam can brew 5 gallons of root beer in an hour or he can make 4 pizzas in an hour. Ben can brew 7…

A: Comparative advantage: A country has a comparative advantage in the production of a good if it can…

Q: Chairs Sofas Unskilled Workers 6 4 Skilled Workers 10 6 The first column in the above table above…

A: The opportunity cost refers to the cost of the next best alternative foregone. A country is said to…

Q: Amy and Bill are fixing up their house by painting walls and installing electrical outlets. In one…

A: Absolute cost advantage- This theory is given by Adam Smith. Absolute advantage takes place when…

Q: Consider a simple exchange economy with two people: Bob and Jake. Bob and Jake both have 10 hours of…

A: Comparative cost advantage: - it is a principle of international trade given by David Ricardo which…