Answer:
The correct answer is letter "E": differences in labor productivity.
Explanation:
English economist David Ricardo (1772-1823) in his book "<em>On the Principles of Political Economy and Taxation</em>" (1817) elaborated one of the first works on international trade based on comparative advantage. According to Ricardo, <em>one country has an absolute advantage over another if it is more efficient at producing given goods than other countries.</em>
Ricardo assumed in his model <em>there are only two countries each one producing one good. </em><u><em>Production needs one input only: labor</em></u><em>. Opportunity costs are constant in the two countries. Finally, there is no transaction or delivery cost in either country.</em>
Answer:
D. increase the number of employees and increase inventory
Explanation:
In order to increase sustainability for the next holiday season, it would be important to increase employees so that the workers would not be exhausted. Also, they have to increase inventory to have inputs needed to produce outputs needed for sustainability.
If customers are increased and employees are decreased, it would further increase the pressure on workers. Also, the inventory might be inadequate to cater for the needs of customers
Answer:
MARIGOLD CORPORATION
Income Statement (Partial)
For the year ended December 31, 2020
Income from continuing operation $10,634,000
Discontinued operations
Loss from operation of discontinued $320,700
restaurant division(net of tax)
Loss from disposal of restaurant division $206,700 <u>$527,400</u>
(net of tax)
Net Income <u>$10,106,600</u>
Earnings per share
Income from discontinuing operations A 1.06
[10,634,000/10,000,000]
Loss from discontinued operations B <u>0.05</u>
[527,400/10,000,000]
Net Income A/B <u>1.01</u>
COMPLETE QUESTION:
The statements and equations below show various ways of defining average variable cost, marginal cost, and average total cost. Below, TC is used to abbreviate total cost, VC is used to abbreviate Variable cost, and Q is used to abbreviate quantity. Classify each statement or equation according to whether it describes average variable cost, marginal cost, or average (total) cost.
Average Variable Cost Marginal Cost Average (Total) Cost
The amount by which total cost increases when an additional unit is produced
Total cost divided by quantity of output
Change in the total cost divided by change in output
VC / Q
The sum of all costs that change as output changes divided by the number of units produced.
TC / Q
ΔTC/ΔQ
Answer and Explanation:
Marginal Cost is the value by which total cost increases when more units are produced.
Marginal Cost = VC / Q
Average Variable Cost is the cost per the quantity of output. It is the difference in the Total Cost per change in output.
Average Cost is the addition of all costs that change due to changes in output per the number of units produced.
TC / Q= Variable Cost
ΔTC/ΔQ= marginal cost
Answer:
the NPV of paying the points = $7,619.31
Explanation:
if the homeowner gets the loan at 6%, his/her monthly payment = $1,498.88
the present value of the 360 monthly payments at 6% is $250,000
if the homeowner gets the loan at 5.5%, his/her monthly payment = $1,419.47
in order to compare both loans, I will discount the 360 payments by 6%, instead of 5.5%:
PV = $1,419.47 x 166.79161 (PV annuity factor, 0.5%, 360 periods) = $236,755.69
the NPV of paying the points = -($250,000 x 2.25%) - $236,755.69 + $250,000 = $7,619.31
