Using the information provided in the table below, answer the following questions.   Country A Country B Tables 4 7 Desk 1 2   b) Answer the following questions: 1. Which country has the Comparative Advantage in tables? 2.Which country has the Comparative advantage in desk?

Q: marginal utility for custard (U.). What is Amelia's marginal rate of substitution (MRS)? Give a brie...

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A:

Q: . The 'substitution effect' takes place due to change in

A: To find:  The 'substitution effect' takes place due to change in

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A: Imports are goods and services that citizens of a country buy from outside the country rather than b...

Q: 3. In 2011, this country's GDP deflator was 4. In 2011, this country's real GDP growth rate was 5. T...

A: The GDP deflator, also called implicit price deflator, is a measure of inflation. It is the ratio of...

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A: Below are the three identified sectors: 1. Infrastructure 2. Services 3. Content

Q: Compute by Fisher's index formula, the quantity index from the data given below: |price Commodity pr...

A: Year 1 2 Commodity P0 V0 Pn Vn A 10 100 8 96 B 16 96 14 98 C 12 36 10 40             No...

Q: Assignment Booklet 1 Identity and ldeology Use the following information to answer question 6. Some ...

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Q: You own a company that produces coasters. You set the price at $10 for a set of six coasters. Then y...

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Q: Assume that the government sets a binding price ceiling on the interest rate that banks charge on lo...

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Q: Discuss the impacts of fiscal policy in Fiji during covid-19.

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Q: Suppose that an increase in the price of Tide pods results in an increase in demand for Gain laundry...

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Q: Which of the following is a true statement? a. In a bubble, the price of the asset is the expected p...

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Q: Do companies like BP have an ethical responsibility to protect the environment?

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Q: 3. Using a separate graph for each change, show the effects of the following changes on the market l...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: The demand equation for a product is q = 550-50p + p? where p is the price per unit (in dollars) and...

A: Demand equation: q = 550 - 50p + p2 Put p = 16 => q = 550 - 50(16) + (16)2 => q = 6 When p is ...

Q: - In short run, a firm in monopolistic competition

A: To find:  In short run, a firm in monopolistic competition

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

Q: Help please

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Q: Which of the following is NOT the assumption of the Marginal Productivity Theory of Distribution?

A: To find:  Which of the following is NOT the assumption of the Marginal Productivity Theory of Distri...

Q: 100 200 300 400 figure above illustrates Mary's PPE. Which of the following statement is FALSE?

A: The production possibility curve shows the different combinations of two goods that can be produced ...

Q: You own a company that produces coasters. You set the price at $10 for a set of six coasters. Then y...

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Q: Diego buys a one-year Argentinean government bond for 100 pesos. If the nominal interest rate on the...

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Q: . The short run Is less than one year Requires that at least one input is fixed

A: To find : The short run. 

Q: oes decreases from $60 t

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Q: Suppose the production is given by Y=0.5*K13(AN)23. Suppose the reciation rate is 2%, number of work...

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Q: Describe what RGDP does between 2019 and 2021.  What was the highest value in 2019 (peak) and what w...

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Q: What is the Human Development approach to growth in developing countries? Also, briefly explain the ...

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Q: Question 2 Provide an Isocost and Isoquant Diagram showing the Substitution Effect and Output Effect...

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Q: Every citizen should take basic economics is an example of a positive statement true or false

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Q: Under the terms of an out-of-court settlement, a company must pay the plaintiff $400,000 per year fo...

A: * SOLUTION :- 

Q: Kate has endowment E = (2775, 3000), i.e. she receives E1 = 2, 775 in the first period and E2 = 3,00...

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Q: 10. The U.S. Government bought 112,000 acres of land in southeastern Colorado in 1968 for $17,500,0...

A: please find the answer below.

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Q: Exercise 4: Insurance Fiona has von Neumann-Morgenstern utility function u(x) VT and initial wealth ...

A: Since we answer only the first 3 subparts questions 1-3 will be answered here. Please reupload the q...

Q: During the financial crisis in 2008, a surge in the demand for Swiss franc assets has pushed Swiss i...

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Q: A grocery store raises the price of baked goods and finds that the total revenue in the bakery depar...

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Q: The price of gasoline rises. What will happen to the demand for large pickup trucks? Draw a diagram ...

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Q: ins I'll give you multiple upvo

A: Given 3 annual payment = 200 $ Perpetuity from 4rth year = 300 $ Interest rate = 4 %

Q: Assume that the government sets a price floor in the market for wheat and the price floor is set bel...

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Q: New nominal interest rate:

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Q: Abby's marginal utility per dollar spent on bananas is 15 and her marginal utility per dőllar spent ...

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Q: 3 impacts of a price floor below equilibrium

A: Please find the answer below.

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.