Assume the countries agree to trade 1,500 pounds of shrimp for 500 pounds of wheat, and assume that each is going to produce only the good for which they have a comparative advantage. i. Identify the after trade consumption points on your graphs. ii. After trade, country A is able to consume __100___ more pounds of shrimp and _300___ more pounds of wheat. iii. After trade, country B is able to consume __100 more pounds of shrimp and __100___ more pounds of wheat.

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise

bradford, inc., expects to sell 9,000 ceramic vases for $21 each. direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. the following inventory levels apply to 2019: beginning inventory ending inventory direct materials 3,000 units 3,000 units work-in-process inventory 0 units 0 units finished goods inventory 300 units 500 units what are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?

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