« previous next »

Author Question: Refer to Table 9-9. a. Which country has an absolute advantage in the production of both light ... (Read 55 times)

Starlight

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
Refer to Table 9-9.
 
  a. Which country has an absolute advantage in the production of both light bulbs and flash drives?
  b. Which country has a comparative advantage in the production of light bulbs?
  c. Which country has a comparative advantage in the production of flash drives?
 
  Table 9-10
 
   Pens Pencils
  Tran 40 160
  Farah 50 150
 
  Table 9-10 shows the output per week for pens and pencils by Tran and Farah.

Question 2

Explain what potential conflict exists between shareholders in a corporation and the corporation's managers.
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


xiazhe

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

a. Neither country has an absolute advantage in the production of both products.
b. Mexico has a comparative advantage in the production of light bulbs.
c. Canada has a comparative advantage in the production of flash drives.

Answer to Question 2

The principal-agent problem exists anytime an agent pursues his or her own interests instead of the interests of the principal who hired the agent. In the context of corporations, this can occur if hired managers might not have the same set of goals that corporate owners have.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Blue light is scattered more than other wavelengths by the gases in the atmosphere, giving the Earth Blue light is scattered more than other wavelengths by the gases in the atmosphere, giving the Earth
Light-Gathering Power Light-Gathering Power
Newest Periodic Table Newest Periodic Table
Apply light circular friction over the wrist using your thumbs. Observe the skin moving over the ... Apply light circular friction over the wrist using your thumbs. Observe the skin moving over the ...
The production of electricity from coal is inefficient The production of electricity from coal is inefficient
Products like Beano contain enzymes that help reduce the production of gas in the large intestine Products like Beano contain enzymes that help reduce the production of gas in the large intestine
Video: Methods that regulate pH

For a complete list of videos, visit our video library