In Germany, one worker can produce one cuckoo clock or one beer mug. In Taiwan, one worker can produce two cuckoo clocks or three beer mugs. Who has the comparative advantage in each good
Answers
The country that has a comparative advantage in the production of cuckoos is Germany.
The country that has a comparative advantage in the production of beer mugs is Taiwan.
A country has a comparative advantage in the production of a good if it produces a good at a lower opportunity cost when compared with other countries.
Germany:
Opportunity cost in the production of cuckoo = 1/1 = 1
Opportunity cost in the production of beer mug = 1 /1 = 1
Taiwan:
Opportunity cost in the production of cuckoo = 3/2 = 1.5
Opportunity cost in the production of beer mug = 2/3 = 0.7
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Related Questions
Under the Family and Medical Leave Act, if a husband and wife work for the same employer, the combined period of leave taken by the couple may not exceed__________________ year.
A. 18 weeks per calendar
B. 6 weeks per calendar
C. 12 weeks per calendar
D. 24 weeks per calendar
Answers
The correct answer is C. 12 weeks per calendar year.
Under the Family and Medical Leave Act, eligible employees are entitled to take up to 12 weeks of unpaid leave within a 12-month period for specific qualifying reasons, such as the birth or adoption of a child, caring for a seriously ill family member, or the employee's own serious health condition. This entitlement applies to each individual employee, regardless of whether they are married or have a spouse who also works for the same employer. Therefore, if both the husband and wife work for the same employer, each of them is entitled to take up to 12 weeks of leave individually, resulting in a combined maximum of 12 weeks per calendar year for the couple. It is important to note that the leave is not transferable between spouses, and each employee's entitlement is independent of the other's.
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Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions
Answers
According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.
Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.
She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."
Therefore, option A is appropriate.
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how can we apply our knowledge of business plan in our life
Answers
Answer:
we can just forget the way our school and family taught us and learn finance and math really well and then start putting everything in practice and then you'll forget that you'll ever need a paycheck and that is how it is
During the 2018 financial year, Foster Manufacturing recorded the following income and expenditure. GST is not considered in this question.
• Sales Revenue of $2,040,000
• Operating Expenses of $322,000
• Income tax Expense $215,000
Charges to Production were:
• Raw Materials issued to Production of $420,000
• Direct labour charged to Production $340,000
• Overheads charged to Production $272,000
• Actual cost of Overheads $265,000
Additional Information:
• Work in Process at the beginning of the period was $102,000
• Work in Process at the end of the period was $110,000
• Finished Goods at the beginning of the period was $234,000
• Finished Goods at the end of the period was $252,000
Required:
Based on the transactions recorded, within Microsoft Excel prepare a:
Income Statement for the year
Answers
Answer:
in 2021 C
Explanation:
c
One of the characteristics of a capitalist free enterprise economy is.
Answers
A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of indirect cost for the soccer equipment line is the
Answers
An example of indirect cost for the soccer equipment line is the : Monthly lease payments for a specialized piece of equipment needed to manufacture the golf driver
Indirect cost is a cost used by multiple activities which and cannot be directly assigned to any specific cost objects.
Indirect costs are expenses unrelated to producing a good or service hence not associated to specific product or project within a company.
Examples of indirect cost includes :
Accounting and legal expenses Administrative salariesTherefore, monthly lease payments for a specialized piece of equipment needed to manufacture the golf driver is an example of indirect cost.
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7. A roofer is installing a roof that requires 178
sheets of plywood.
He has 98 sheets. How many
additional sheets must he order?
Answers
Answer:
80 sheets
Explanation:
The total number of sheets required is 178.Available sheets 98Sheets to be ordered should be the difference between required and available.= 178 - 98
=80
The practice of employees being brand promoters is called __________________________________.
a. employee potential
b. employee advocacy
c. employee empowerment
d. employee promotion
Answers
Answer:
I'm pretty sure it's employee advocacy.
which class of goods generally gives rise to free-rider problems?
Answers
The class of goods that generally gives rise to free-rider problems is known as "public goods." Public goods possess two distinct characteristics: non-excludability and non-rivalry.
Non-excludability means that it is difficult or impossible to prevent individuals from benefiting from the good once it is provided, even if they have not contributed to its provision. Non-rivalry indicates that one person's consumption of the good does not diminish the availability or quality of the good for others.
Free-rider problems arise when individuals benefit from a public good without contributing to its provision or maintenance. Since public goods are available to all, individuals may choose not to pay for the good, expecting that others will cover the cost. This can lead to a situation where the good is under-provided or not provided at all, as everyone expects someone else to bear the expense.
Examples of public goods include national defense, clean air, and public parks. In each case, it is challenging to exclude individuals from enjoying the benefits, and one person's enjoyment does not detract from another's. Consequently, free-riding behavior can lead to a suboptimal provision of public goods, necessitating government intervention or alternative funding mechanisms to ensure adequate provision and maintenance of these essential resources.
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Why is buying on the black market difficult
Answers
Answer:
Buying on the black market can be difficult for a variety of reasons. One reason is that it is illegal, so it is not conducted in an open and regulated marketplace. This can make it difficult to find trustworthy sellers and to ensure that the products or services being purchased are of good quality. Additionally, transactions on the black market are often conducted in cash and in secret, which can make them more vulnerable to fraud and theft. Finally, the risk of being caught and facing legal consequences can be a significant deterrent for many people.
Buying any type of goods or services on the black market is difficult because it's not legal.
Black markets are rampant because citizens want to buy things that are difficult to come by through legal channels.The underground market's many drawbacks include the risk of fraud, the possibility of violence, and being saddled with counterfeit goods or adulterated products, which is especially dangerous in the case of medications.
Because tax evasion or participation in a black market activity is illegal, participants attempt to hide their behavior from the government or regulatory authority. Cash is the preferred medium of exchange in illegal transactions since cash transactions are less-easily traced.
which product exists in a monopolistically competitive market?
Answers
Numerous businesses provide competitive products or services that are similar but not exact substitutes. A monopolistic competitive market is present.
Clothing and hair salons are two examples of sectors with monopolistic competition. When businesses provide rival goods or services that are comparable but imperfect substitutes, monopolistic competition exists.
A monopolistic competitive industry has low entry requirements, and decisions made by any one firm do not directly affect those of its rivals. The pricing and marketing choices made by the rival companies serve as their points of differentiation.
Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and includes businesses with comparable but distinct product offerings.
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Answer:
clothing
Explanation:
I learn today that monopolistically competitive is something with varity like cloths there are plenty of options
A person has income $1000 for goods F and S. The price of F is $4, and the price of S is $200. Which of the following bundles is in the opportunity/budget set (i.e., attainable)?
Select one:
a.
150 units of food, 3 units of shelter
b.
100 units of food, 10 units of shelter
c.
200 units of food, 2 units of shelter
d.
200 units of food, 1 unit of shelter
e.
250 units of F and 1 unit of shelter
Answers
The bundle that is attainable is option e. 250 units of F and 1 unit of shelter.
Option e is the only bundle that falls within the person's budget constraint. The person has an income of $1000, and the price of F is $4. Therefore, the person can afford a maximum of $1000/$4 = 250 units of F. Additionally, the person can afford 1 unit of shelter since its price is $200, which is within their budget.
Option a is not attainable because the person cannot afford 150 units of food and 3 units of shelter within their budget. Option b is also not attainable because the person cannot afford 100 units of food and 10 units of shelter. Option c exceeds the person's budget since they cannot afford 200 units of food and 2 units of shelter. Option d also exceeds the budget as the person cannot afford 200 units of food and 1 unit of shelter.
Therefore, the only option that falls within the person's budget constraint and is attainable is e. They can purchase 250 units of F and 1 unit of shelter.
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The Free enterprise system is:
A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition
Answers
Answer:
Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.
A restaurant plans to use a new food delivery service. The food delivery service charges $5. 48 for every 2 meals delivered, plus a $3. 50 service fee. What is the slope of this situation?.
Answers
Based on the amount the food delivery service charges for every 2 meals delivered, the slope of this situation is $2.74.
How to find the slope?The slope of a situation refers to the change in the dependent variable as a result of a unit change in the independent variable.
The independent variable in this situation is the number of meals delivered so the slope will be the amount that the food delivery service charges for every meal that they deliver.
You may get the slope of the line by determining the rise and the run using two of the line's points. The rise and the run are terms used to describe changes in height between two places. Rise divided by Run gives you the slope. Rise + Slope = Rise + run = slope.
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80-85% of the world's natural vanilla is supplied by Madagascar, an island nation off the coast of Africa. Linda read a recent article online in one of the main ingredients for the ice cream that she and Cathal will produce in 'Sligo Scoops'. (i) What effect will a shortage of vanilla have on each of the following:
The price of vanilla:
Answers
Answer:
Climate change, crime and speculation mean the price of the fragrant spice has skyrocketed from $20 a kilo five years ago to $515 now.
Explain the difference between version-oriented and change-oriented configuration management.
Answers
Version-oriented configuration management is focused on controlling versions of software, while change-oriented configuration management is focused on managing changes made to software over time.
Version-oriented configuration management is a type of configuration management that focuses on controlling and managing different versions of software or systems. In this approach, each version of the software is carefully managed and tracked through its lifecycle, from development to release and beyond. The primary goal of version-oriented configuration management is to ensure that each version of the software is stable and reliable and can be easily reproduced or rolled back if necessary.
On the other hand, change-oriented configuration management is focused on tracking and managing changes made to software or systems over time. This approach is more flexible than version-oriented configuration management and is designed to accommodate a more dynamic development environment. With change-oriented configuration management, the focus is on tracking changes made to the software or system, rather than specific versions. This approach allows developers to make changes quickly and easily without worrying about managing multiple versions of the software.
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Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
Answers
Social Security and Medicare taxes
Corporate income taxes
Excise taxes
Custom duties
miscellaneous revenue
QUESTION 2 of 10: Medicare is a government program funded by tax dollars to:
a) Provide health insurance to children
b) Provide health insurance to working adults
c) Provide hospital insurance for those over 65
Answers
Reed Company applies manufacturing overhead costs to products on the basis of direct labour-hours. The standard cost card shows that 6 direct labour-hours are required per unit of product. For August, the company budgeted to work 180.000 direct labour-hours and to incur the following total manufacturing overhead costs. Total variable overhead costs Total fixed overhead costs $198,000 $237,600 During August, the company completed 28.000 units of product, worked 172,000 direct lobour hours, and incurred the following total manufacturing overhead costs Total variable overhead costs Total fixed overhead costs $197, Bee $230,600 The denominator activity in the predetermined overhead rate is 180,000 direct labour hours. Note that this is the same data that was provided for the previous question. The fixed overhead budget variance for Augustis Multiple Choice $7,000 F $7,000 U $6,400 F $6,400 u
Answers
the fixed overhead budget variance for August is $7,000 U.
The formula to calculate the predetermined overhead rate is given by:Predetermined overhead rate = Estimated total manufacturing overhead cost / Estimated total direct labor hours= ($198,000 + $237,600) / 180,000 hours= $435,600 / 180,000 hours= $2.42 per direct labor hourThe company's actual fixed manufacturing overhead cost was $230,600, which is less than the budgeted amount of $237,600. As a result, the company's fixed overhead variance is favorable, which means it is under budget.Fixed overhead variance = Budgeted fixed overhead - Actual fixed overhead= $237,600 - $230,600= $7,000 UFavorable variance is represented with a "U," so the fixed overhead budget variance for August is $7,000 U.
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on a timeline, a milestone 14 years in the future will be to the ____ of a milestone 8 years in the future and to the ____ of a milestone 2 years in the future. left; left, right; left, right; right, left; right
Answers
Answer:
Right; Right
Explanation:
.
Alumplus Aluminum Company has come up with a new type of metal. However, producing it would take up 75 percent of its manufacturing capacity and would hinder its ability to continue producing its other products. Alumplus Aluminum hires LM Group of Manufacturers to manufacture the new type of metal. This collaborative arrangement is most likely to be classified as _____.
Answers
This collaborative arrangement between Alumplus Aluminum Company and LM Group of Manufacturers is most likely to be classified as Outsourcing.
What is outsourcing?Outsourcing involves the hire agreement between two entities in which the outsourcing entity allows the vendor to supply goods and services that it formerly produces in-house.
The main advantages of outsourcing are:
Lowered costsImprove efficienciesAllows an entity to gain speed.Thus, this collaborative arrangement between Alumplus Aluminum Company and LM Group of Manufacturers is most likely to be classified as Outsourcing.
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paid Rs 1,00,000 to so Mrs Shakya as an advance to purchase office furniture.
It's journal voucher.....
Answers
Answer:
Dr. BE Mrs shakya, advance for furniture and fixtures
Cr. NRB
true or false? the aggregate supply (as) curve is the total quantity of final goods and services supplied at different price levels.
Answers
True. The aggregate supply (AS) curve represents the total quantity of final goods and services that all suppliers in an economy are willing to produce and supply at different price levels
The aggregate supply (AS) curve depicts the total quantity of final goods and services that all suppliers in an economy are willing to produce and supply at different price levels. It represents the relationship between the overall price level in the economy and the total output or GDP that firms are willing to supply. As the price level increases, firms tend to supply more goods and services, resulting in an upward-sloping AS curve. Conversely, as the price level decreases, firms may reduce their production levels, leading to a downward-sloping AS curve in some cases.
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Gordon corporation produced 10,000 digital watches in the current year. variable costs are $8 per watch. overhead assigned is $2.25 per watch. a supplier offers the watches for $9.50 each. gordon's production manager reports the incremental overhead is $1.25 per watch. gordon should:_____.
Answers
Gordon analyze the decision under relevant cost management concept of make or buy decision the product. Gordon should make the product at $10.25 per unit.
What is Make or Buy Decision?When production manager or cost manager analyze the situation considering the facts of relevant cost concepts for making the product or procure from external suppliers is decision known as Make or Buy Decision.
The result shall be obtained by making proper statement of cost sheet of relevant cost only i.e. variable cost. In the given case Gordon want to produce 10000 digital watches in current year. The variable costs are $8 per watch and the overhead is $2.25 per unit. The inhouse cost of producing the watch is $ 10.25 per watch.
However if Gordon purchase the watch from supplier and the incremental cost of overhead (relevant cost) and cost of acquisition is $1.25 and $9.50 respectively. The total cost of Buy Decision is $10.75.
Thus it is clearly evident from the Make or Buy decision, Gordon shall opt to make the product because it is cost efficient by $0.50 per watch than buy it.
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Shawn lost $15,000 on his stock investments this past year. Which is true? (5 points)
He can deduct the loss from his property taxes.
He can recover the loss through his insurance.
He can deduct the loss from his taxable income.
He has to pay an administrative fee on the loss.
Answers
The TRUE statement about Shawn, who lost $15,000 on his stock investments this past year, is that C. He can deduct the loss from his taxable income.
Shawn's taxable income (capital gains) will be reduced by the amount of the investment loss. However, he can only recover $3,000 in each year while the remaining will be carried forward to subsequent years.
Shawn cannot recover the investment loss:
From his property taxesThrough his insuranceBy paying an administrative fee.
Thus, the true statement is C.
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Rightway Construction's project manager has been given the task of planning and implementing the construction of a playground for the city of Northville. All construction plans and documents have been provided as well as a budget amount and completion date. Based on the above scenario, and assuming the project manager has studied all construction plans and documents and reviewed the budget, the next step for the manager will be to __________.
Answers
Explanation:
create a project schedule flow chart
Which of the following is an example of an ultimate consumer:
a. A teenager buying her/his first car
b. A farmer buying seed for crops that will be sold at market
C. A manager buying office supplies
d. A restaurant owner buying a new oven for the restaurant's kitchen
Answers
The example of an ultimate consumer is that when the person purchases his or her first car.
The following information related to the ultimate consumer is as follows:
It is the person or the group where the product is actually used or consumed. It is not similar to the purchaser. In this, the selling activity does not take place.Therefore, all other options are incorrect.
Hence, we can conclude that the example of an ultimate consumer is that when the person purchases his or her first car.
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What is an advantage of using a credit card?
a If you need to carry a balance, the interest rates are generally quite low (less than 5%) b If you pay off your balances every month in full, it's like getting a short-term interest-free loan
c Since it is tied directly to your checking account, it prevents you from spending money you do not have
d It will not affect your credit score or credit history
Answers
Answer:
???
Explanation:
Answer:
I believe the answer is B
classify each statement or equation according to whether it describes average variable cost, marginal cost, or average (total) cost. (tc is total cost; vc is variable cost; q is quantity.)
Answers
The following statements related to the Theory of Costs in Micro Economics are classified below.
What is the theory of costs?
The cost theory is a foundation of economic thought and plays a vital role in the analysis of human behavior and society. Costs play a critical influence in practically all behaviors and economic results.
How we make decisions, why we trade, and how we construct institutions and social structures may all be described in terms of the costs we confront.
The given cost concepts are classified as follows:
Marginal Cost
ΔTC/ΔQ = Marginal cost.The value by which total cost grows when an additional unit. is produced is also called Marginal cost.The change in total cost is divided by the change in output.Average Total Cost
TC/Q = Average Total CostTotal Cost divided by Quantity produced is called Average Total CostAverage Variable Cost
VC/Q = Average Variable CostThe sum of all costs that change as output changes divided by the number of units produced is also called the Average Variable Cost.Learn more about microeconomics:
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Full Question:
Please see attached image.
A lawyer believes his client is guilty, but remains professional and represents his client. This is an example of which of the following?
Moral behavior
A.) moral behavior
B.) unlawful behavior
C.) ethical behavior
D.) mannerly behavior
Answers
Answer:
C
Explanation:
Would say Moral but it's ethical and couretious