Question 1 otu
3 points
suppose company a can produce shovels for $8 each, axes for 512 each, and
rakes for $15 each. company b can produce shovels for $10 each, axes for
$11 each, and rakes for $17 each. company a sells each item for $5 more
than its production cost. company b sells shovels for $13, axes for $15, and
rakes for $18
which of the following statements is true?
o
a. company b has a comparative advantage in the production of
shovels
b. company a has a comparative advantage in the production of
rakes
c. company has a comparative advantage in the production of
d. company a has a comparative advantage in the production of
< previous
og

B. Company A has a comparative advantage in the production of

rakes

Explanation:

Comparative advantage describes the ability of an enterprise to produce a particular product, goods, or services at a lower price in comparison to rivals. It means that the enterprise uses fewer inputs such as labor, capital, or land to produce. A company with a comparative advantage will manufacture more goods with the same quantity of inputs.

Company A produces rakes at $15 while company B produces at $17.  Company A, therefore, has a comparative advantage over company B in the production of rakes. It means company A use fewer resources rakes than company B. Company A can sell rakes at a lower price than company B.

The conversion factor to convert cups to liters is 0.237

Step-by-step explanation:

Given : A table showing conversions for common units of capacity.

                               Units of  capacity  

Customary System Units                             Metric System Units

         1 gallon                                                           3.79 liters

         1 quart                                                            0.95 liters

          1 pint                                                              0.473 liters

          1 cup                                                              0.237 liters

We have to find the  conversion factor to convert cups to liters.

Consider the given  table.

Since, given One cup is equal to 0.237 liters.

So , the conversion factor to convert cups to liters is 0.237

For example to convert 10 cups to liters, we can multiply the number of cups by 0.237 to get cups in liters.

That is 10 cup = 10 × 0.237 = 2.37 liters.

Thus, 10 cups is equal to 2.37 liters.

Hence, The conversion factor to convert cups to liters is 0.237