Assume that england and france each has 40 labor hours available. If each country divides its time equally between the production of cheese and wine, then total production is:.
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The comparative advantage is a trade theory concept that refers to the opportunity cost of producing one product over another. The country that has a lower opportunity cost of producing a good or service is said to have a comparative advantage in that good or service.
It then focuses on producing that good or service while importing the one that it has a higher opportunity cost of producing.Assume that England and France each have 40 labor hours available. If each country divides its time equally between the production of cheese and wine, then the total production is 20 units of wine and 20 units of cheese.
England can produce one unit of wine for every 2 units of cheese it produces (1:2 ratio). Therefore, it has a lower opportunity cost of producing cheese.France can produce one unit of wine for every 3 units of cheese it produces (1:3 ratio). Therefore, it has a lower opportunity cost of producing wine.
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Related Questions
Which department handles the task of finding vendors that will provide goods at the best prices?
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What are the depleted amounts of tangible assets and intangible assets known as?
The annual depletion in the value of a tangible asset is known as (operating, amortization, or depreciation) expenses. The intangible assets also diminish in value, and this amount is known as (operating, amortization, or depreciation) expenses.
Answers
Answer:
Depreciation ; amortization
Explanation:
The tangible assets are those assets who are seen and ever touched. For this type of assets, the depreciation expense should be charged while on the other hand the intangible assets are those assets who are not seen not ever touched so for this type of assets the amortization expense should be charged
Therefore the above should be considered
Why is it called Chick-Fil-A when a Fil-A (filet) is normally cooked with beef???
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which of these are advantages of a limited liability companies? multiple select question. choice of taxation limited liability no stock flexible ownership rules
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A legal "entity" is something that can sue and be sued, own property, and other things. The owners (members) and managers of an LLC are not legally responsible for any of the debts of the company.
What benefits and drawbacks do limited liability companies have?The benefits include increased financial resources, pooled management and knowledge, and increased survivability. Unlimited responsibility, profit sharing, conflicts between partners, and difficulty in terminating are some drawbacks.
What are the top four benefits of an LLC?Managers' and members' responsibility is restricted. superior defense via charging order. Adaptable leadership. Profits are dispersed to the members, who are then taxed on them at their individual tax rate.
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1. why does everything start with customers? or is it only marketing that starts with customers?
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In the business world, customers play a crucial role as they are the ones who drive the demand for products and services. Understanding the needs and wants of customers is essential to success in the market.
Every business, regardless of the industry, must start with the customer in mind. Customers are the reason why businesses exist and they should always be a top priority.
Understanding the customers' needs and wants is crucial in developing products or services that meet their expectations. This is why market research is often the first step in creating a new product or service. By understanding what customers are looking for, businesses can create a strategy that meets their needs and makes them happy.
Moreover, the customer's satisfaction is what ultimately determines the success of a business. Satisfied customers are more likely to return and recommend the business to others, while dissatisfied customers will likely go to the competition. Therefore, it is crucial for businesses to put their customers first and continuously listen to their feedback to ensure their satisfaction.
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What are three major things that a listener can do to resist another's influence efforts? Select one: a. have a good BATNA, avoid public commitments, and defend one's self against the other's persuasive message b. None of the above contains techniques that can be used to resist the other's influence efforts. c. avoid BATNAs, make a public commitment, and pay close attention to the other's persuasive message d. avoid BATNAs, avoid public commitments, and pay close attention to the other's persuasive message e, have a good BATNA, make a public commitment, and defend one's self against the other's persuasive
Answers
Avoiding BATNAs, making a public commitment, and paying close attention to the other person's persuasive message are the three main things a listener can do to resist the influence of the other person.
What is BATNA?One of the many pieces of information that negotiators seek when developing strategies for dealmaking and negotiation is the definition, or the ability to identify the best alternative to a negotiated agreement. What is your best outside option in the event that your current negotiation falls apart?
Roger Fisher, William Ury, and Bruce Patton introduced the idea that it is important to evaluate one's BATNA in their seminal book Getting to Yes: Getting an agreement without caveating.
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How can we apply accounting and bookkeeping in our daily lives?
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A ________ is a senior manager who oversees the use of IT in the firm.
A) CEO
B) CFO
C) CIO
D) CTO
E) CKO
Answers
Answer:
Ans is A
CEO is a senior manager
A CIO is a senior manager who oversees the use of IT in the firm.
What is an Information Technology firm?An IT Firm is a company that provides direct IT support, IT management, infrastructure services or physical and network/data security services to companies, known as an IT firm.
The core team of an IT support company, also known as an IT managed services provider, is made up of qualified his specialists. The team offers you professional direction and management on a variety of IT, including general computer systems and device networking, as well as electronic gear and software.
IT teams are made up of highly skilled specialists, and each member has their own distinctive talents and areas of specialization. Therefore, a good IT team is able to provide a wide range of IT support services that address all of your IT needs.
Services provided by IT support organizations like Gordian Networks fall into two categories:
resolving urgent IT issues
putting proactive steps in place to avoid future IT issues
Thus, the option C is correct
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Spice Inc. S unit selling price is $48, unit variable costs are $30, fixed costs are $108,000, and current sales are 9,500 units. How much will operating income change if sales increase by 6,000 units
Answers
The operating income will change if sales increase by 6,000 units by: 108,000.
Change in operating incomeUsing this formula
Change in operating income=(Selling price-Variable cost)×Increase in sales
Let plug in the formula
Change in operating income=($48-$30)×6,000 units
Change in operating income=$18×6,000 units
Change in operating income=108,000 increase
Inconclusion the operating income will change if sales increase by 6,000 units by: 108,000.
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________ is considered while choosing a cost allocation base for activity costs in ABC costing.
A) Market share of a product
B) Product Price Level
C) Marketing strategy and material price level
D) Availability of reliable data and measures
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Option (d), When deciding on a cost allocation base for activity costs in ABC costing, the availability of trustworthy data and metrics is taken into account.
How is the cost split in an ABC system?By connecting overhead expenses to specific activities, the activity-based costing (ABC) methodology provides more exact overhead cost allocation. They can then be allocated to the cost objects that make use of the activities once the costs have been assigned to them. The technique can be used specifically to lower overhead costs.
When utilizing activity-based costing, how are costs distributed?The cost pool total divided by the cost driver, which results in the cost driver rate, is the formula for activity-based costing. In activity-based costing, the cost driver rate is used to determine how much overhead and indirect costs are associated with a specific activity.
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Apple issues a $1,000 5-year bond that pays a 9% interest rate. Assuming semi-annual interest payments, what is the value of this bond if market rates fall to 7% for bonds of this type?.
Answers
The value of bond if market rates fall to 7% for bonds is $824.41.
What is the value of the bond?In order to determine the value of the bond, determine the present value of the bond. Present value is the sum of dicounted cash flows.
Present value of the bond:
Cash flows each year from period 1 to 10 = 9%/2 x 1000 = $45Cash flow in year 10 = $1000 I = 7% Value of the bond = $824.41To learn more about present value, please check: https://brainly.com/question/26537392
Why are natural monopolies allowed to exist?
Answers
Natural monopolies are allowed when a single company can supply a product or service at a lower cost than any potential competitor, and at a volume that can service an entire market. ... Since it's economically sensible to have utilities operate as natural monopolies, governments allow them to exist.
Rolston Music Company is considering the sale of a new sound board used in recording studios. The new board would sell for $26,100, and the company expects to sell 1,460 per year. The company currently sells 1,960 units of its existing model per year. If the new model is introduced, sales of the existing model will fall to 1,780 units per year. The old board retails for $22,000. Variable costs are 56 percent of sales, depreciation on the equipment to produce the new board will be $1,410,000 per year, and fixed costs are $1,310,000 per year.
Answers
Answer:
$8,792,544
Explanation:
Computation for the Annual OCF of the project
First step is to compute the net income
NET INCOME
Sales of new$38,106,000
($26,100×1,460 per year)
Lost sales of old -$3,960,000
[($22,000×1,780)-($22,000×1,960)]
=39,160,000-43,120,000
=-3,960,000
Variable costs $19,121,760
[($38,106,000-3,960,000)×56%]
(34,146,000×56%)
=$19,121,760
Fixed costs $1,310,000
Depreciation 1,410,000
EBIT$12,304,240
($38,106,000-3,960,000-$19,121,760-$1,310,000-1,410,000)
Tax $4,921,696
(40%×$12,304,240)
Net income $7,382,544
($12,304,240-$4,921,696)
Second step is to calculate for the company OCF using this formula
OCF = EBIT + Depreciation – Taxes
Let plug in the formula
OCF=EBIT$12,304,240+Depreciation 1,410,000-Tax $4,921,696
OCF= $8,792,544
Therefore the Annual OCF of the project is $8,792,544
What would you advise the founders of PatientsLikeMe to consider as they aim to scale and grow their business
Answers
Objective : advise the founders of PatientsLikeMe to consider as they aim to scale and grow their business
What is Objective?
Being the target of one's actions or efforts. founded on facts and unaffected by subjective opinions, interpretations, or bias; unbiased: an honest assessment. focusing on or dealing with things outside of the mind as opposed to thoughts or emotions, whether as a person or a book. An objective is something to aspire for or have as a goal. A list of tasks to get done during a meeting is an example of an objective. noun. Research goals are succinct summaries of what the study is seeking to accomplish. They include the study direction and a summary of the goals a researcher hopes to accomplish with the project.
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every resource created in azure must exist in one and only one what
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Every resource created in Azure must exist in one and only one resource group. Resource groups are logical containers that help manage and organize Azure resources within a subscription.
In the context of computing and technology, a resource refers to any component or entity that is used or consumed to perform a specific task or provide a service. Resources can include hardware components like servers, storage devices, and network equipment, as well as software components such as applications, databases, and virtual machines. Resources are essential for the functioning and operation of systems and services, and they are allocated, managed, and utilized to meet specific requirements and objectives within an organization's infrastructure or cloud environment. Efficient resource management is crucial for optimizing performance, scalability, and cost-effectiveness.
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. ray cortez rented a 16-foot truck to move into his new
apartment. he rented the truck for 2 days at a cost of
$37.50 per day plus $0.79 per mile. the collision waiver cost
$20.00. gasoline cost $74.60. ray drove 220 miles. what was
his cost per mile?
Answers
$343.40 is the total cost
Cost per mile = 343.4/220 = $1.56 per mile
The visual enhancement of any drawing through color, value, and texture
Answers
Answer:
That would be the composition of a work.
Source:
"The arrangement of elements within a work of art."
https://www.tate.org.uk/art/art-terms/c/composition
Betty is purchasing a home and has received Loan Estimates from three lenders. As she compares the terms of the loans being offered, where can she find the section that allows her to make comparisons between loans with different interest rates
Answers
Key terms on Loan Estimate page 3: In 5 years — The total amount you'd pay toward the loan in five years, including principal, interest, mortgage insurance, and upfront costs.
Annual percentage rate (APR) — Your combined interest and loan costs, represented as a percentage of the loan amount.
What is the name of the comparison tool that you will use to compare mortgage loan to mortgage loan?APRThe APR is the better tool for comparing the cost of a mortgage; however, if you're not planning to stay in a home long-term, the interest rate might matter more, since APR assumes you'll stick with the loan over its full term.
Keep in mind that the interest rate only tells you so much about the cost of buying a home.
Which function used to compare loan terms?Interest rate/Annual percentage rate (APR).
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https://brainly.com/question/25296865#SPJ4Definition of literature
Answers
Answer:
writings in which expression and form, in connection with ideas of permanent and universal interest, are characteristic or essential features, as poetry, novels, history, biography, and essays
Explanation:
Answer:
the art of written works, and is not bound to published sources (although, under circumstances they can be exempt).
Explanation:
I attached a pic of my question, pls help.
Answers
Farmer raising sheep.
what is pupil reflex?
Answers
Answer:
constriction of the pupil that is elicited by an increase in illumination of the retina
Explanation:
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a copy company wants to expand production. it currently has 20 workers who share eight copiers. two months ago, the firm added two copiers, and output increased by 40,000 pages per day. one month ago, the firm added five workers, and productivity also increased by 25,000 pages per day. a copier costs about three times as much as a worker. assume these
Question: A Copy Company Wants To Expand Production. It Currently Has 20 Workers Who Share Eight Copiers. Two Months Ago, The Firm Added Two Copiers, And Output Increased By 40,000 Pages Per Day. One Month Ago, The Firm Added Five Workers, And Productivity Also Increased By 25,000 Pages Per Day. A Copier Costs About Three Times As Much As A Worker. Assume These
Hire another worker or purchase a new printer?
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A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers, and output increased by 40,000 pages per day. One month ago, the firm added five workers, and productivity also increased by 25,000 pages per day. A copier costs about three times as much as a worker. Assume these increases in productivity per worker and productivity per copier are good proxies for future increases in productivity when hiring additional workers or purchasing additional copiers. Based on this information, the copy company should hire another worker in order to expand output.
Answers
Based on the information provided, the copy company should hire another worker to expand output.
This conclusion is based on the fact that adding two copiers increased output by 40,000 pages per day, while adding five workers increased productivity by 25,000 pages per day.
Since the cost of a copier is about three times the cost of a worker, it would be more cost-effective to hire another worker rather than purchasing a new copier. By doing so, the company can further increase its output and productivity.
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Frank is already taking advantage of his employer benefit package but wants to find
options to save for retirement that offer tax incentives. Which of the following should
Frank explore?
A. Contribution matching
B. Lower interest
C. Opt in or opt out
D. Roth IRA
Answers
The skills section of the resume should include skills that you've gained both in
school and hobbies but should be skills that are
to what the
employer is looking for.
unrelated
opposite
different
related
Answers
The correct answer is D. Related
Explanation:
When reading the résumé of a candidate, the employer always expects the candidate has skills and knowledge directly related to the job offer, because in most cases, these show the candidate will be able to adapt and work efficiently in the new job. For example, if an employer is looking for an architect the employer is more likely to select a candidate with experience and knowledge in the area. Due to this, every time you apply to a job offer your résumé should include skills that are directly related to the job offer or what the employer is looking for as this gives you more possibilities of being hired.
Type the correct answer in the box. Spell all words correctly. The demand curve has what kind of slope?
Answers
Answer:
Usually slopes downwards
Explanation:
in a negative association
The lack of competition is part of the free enterprise system.
O True
O False
Answers
Answer:
I think its true
Explanation:
what does the fox say
Answers
Answer:nenenesnene
Explanation:
Answer:
"Ring-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!"
"Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!"
What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?
Answers
Answer: The action button lets users play the audio file, the sound button will play an audio clip.
Explanation:
The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.
Select the correct answer from each drop-down menu.
When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers.
Businesses face
v because they must alter existing infrastructure to meet regulations. As a result, consumers pay
v for produced goods.
Answers
Businesses and consumers are impacted when a government enacts legislation addressing worker safety and environmental protection. Businesses must change their existing infrastructure in order to comply with rules, which results in (HIGER COST)
Briefing: -As a result, customers pay (MORE) for things that have been produced.
This is due to the extra money that business owners expend to make sure they are adhering to rules. Therefore, in order for them to see a return on their investment, they must sell more of the products they currently have on hand (ROI).
What exactly are business and consumer?Business-to-consumer (B2C) refers to the practice of conducting direct sales of goods and services between an organization and the customers who will ultimately use those goods or services. B2C enterprises are the majority of businesses that sell to consumers directly.
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Rachel Radcliff earns an annual salary of $126,000. How much social security taxes will be deducted from her salary in May?
Answers
Answer:
$651
Explanation:
Rachel earns $126,000 per year. Since a year has 12 months, her monthly income will be $126,000 divide by twelve.
=$126,000/ 12
=$10,500
Social security deductions are at a rate of 6.2% of gross pay.
Rachel earned $10,500 in May. Her social deductions will be,
6.2 % of $10,500.
=6.2/100 x $10,500
=0.062 x $10,500
=$651