Agerman worker takes 600 hours to produce a car and 3 hours to produce a case of wine. a french worker takes 800 hours to produce a car and hours to produce a case of wine. for what values of will gains from trade be possible? check all that apply. 1 3 900 950 for what values of will germany export cars and import wine? check all that apply.

1 and 3 are the correct options.

Explanation:

A German worker takes 600 hours to produce a car and 3 hours to produce a case of wine.

Opportunity cost of a car for a German worker = 200 cases of wine

Opportunity cost of a case of wine for a German worker = 1/200 cars

A french worker takes 800 hours to produce a car and X hours to produce a case of wine.

Opportunity cost of a car for a French worker = 800/X cases of wine

Opportunity cost of a case of wine for a French worker = X/800 cars

Gains from trade will be beneficial only when, opportunity cost of a car for German worker is less than that for a French worker

200<800/X

X<4

or when opportunity cost of a case of wine is greater in Germany than in France.

1/200 > X/800

X<4

So, 1 and 3 are the correct options.

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The answer is 1 hour or 3.

Explanation:

Denote X is the number of hours it takes French worker to produce a case of wine.

=> The opportunity cost for French worker to produce a car is: 800/X case of wine

The opportunity cost for German worker to produce a car is 600/3 = 200 case of wine

For Germany to export cars and import wine, the opportunity cost for German worker to produce a car should be lower than the opportunity cost for French worker to produce a car or:

200 < 800/X <=> X < 800/200 <=> X <4

So, the right answer is 1 hour or 3 hour.

The correct answer is sole proprietorship.

A sole proprietorship is a business that is owned by only one person. It is the easiest of all businesses to set up and is the most common business struction for small local businesses like Mr. Martin’s store.