Suppose that the United States has an absolute advantage over Mexico in producing both agricultural and manufactured goods. In the U. S., the opportunity cost of 1 unit of agricultural output is 2 units of manufactured goods. In Mexico, the opportunity cost of 1 unit of agricultural output is 1.5 units of manufactured goods. Total production in the U. S. and Mexico will be maximized if

Question

27-06-2022
Business

contestada

Suppose that the United States has an absolute advantage over Mexico in producing both agricultural and manufactured goods. In the U. S., the opportunity cost of 1 unit of agricultural output is 2 units of manufactured goods. In Mexico, the opportunity cost of 1 unit of agricultural output is 1.5 units of manufactured goods. Total production in the U. S. and Mexico will be maximized if

Respuesta :

Otras preguntas

good evening! Can someone please answer this, ill give you brainliest and your earning 50 points. Would be very appreciated.

In the minnesota twin study, identical twins reared apart had more similar personalities than fraternal twins reared together. please select the best answer fro

a a It's a good idea to find a positive way to vent your emotions, such as washing walls True False

How can I know if I have to divide or multiply in a problem?

Arrange the events in Chinese history in chronological order using the numbers 1-6. Communists and Nationalists struggle for control of China. Communist forces

What type of access point is configured by an attacker in such a manner that it mimics an authorized access point

There were few women composers during the Baroque Era because __________. there was virtually no way for them to make a living as composers only nuns were allow

HELP ME STAT ~ 5 Personal Physical Fitness Goals Paper to be written in complete sentences. 1 paragraph minimum of 7 complete sentences -double spaced Not a com

What binds to this structure on the hemoglobin molecule?.

Evaluate this expression

ACCESS MORE

azikennamdi azikennamdi · Answer 1 · 2022-06-29T19:11:05+02:00

Given the above scenario, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

What is product maximization?

Product maximization refers to the process via which two trading nationalities or entities focus on the goods where they have the least opportunity cost.

Thus, n this case, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

Learn more about Product Maximization at;
https://brainly.com/question/4171648
#SPJ12