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3 years ago

Answer the question on the basis of the accompanying production possibilities tables for two countries, Latalia and Trombonia.

1 answer:

5 0

The production possibility table shows that in Latalia the domestic real cost of 1 ton of pork is C. 5 tons of beans.

<h3>What is production?</h3>

It should be noted that production simply means the creation of goods and services for consumers.

In this case, production possibility table shows that in Latalia the domestic real cost of 1 ton of pork is 5 tons of beans. This is because 5 tons of beans will be sacrificed to produce the pork.

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In economics, the term productivity refers to:

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Answer: it’s the amount of output compared to the input needed to create something

Explanation:

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3 years ago

A commercial bank has excess reserves of $5000 and a required reserve ratio of 20 percent. it makes a loan of $6000 to a borrowe

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Answer:

The first bank will be short of reserves in the amount of $1,000

Explanation:

According to the given data, we have the following:

bank excess reserves=$5,000

reserve ratio=20%

Total Reserve= $5000+(20%*$5,000)= $6,000

Therefore, to calculate the reserve shortage we would have to make the following calculation:

reserve shortage=$6,000 - $5,000 = $1,000

The first bank will be short of reserves in the amount of $1,000

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Which of the following is the meaning of "market" in economics?

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<span>The mechanism, process, or means by which buyers and sellers are brought together.</span>

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3 years ago

Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Cr

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Answer:

mechanic's lien

Explanation:

From the question we are informed about how Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. In this case, This is a request for mechanic's lien.

Mechanic's lien can be regarded as security interest as regards title of a particular property, this is for the gains of everyone that are involved in supplier of labor as well as materials for the improvement of the property. The lien covers the real property as well as personal property. Mechanic's lien can be regarded as guarantee of payment for contractors as well as construction firms that are involved in building or repairing of structures.

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3 years ago

Green Corporation has total sales revenues of $400,000. If its total fixed costs are $70,000 and its total variable costs are $1

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Answer:

Part 1

the contribution margin is $220,000

Part 2

the net change in operating income is $270,000

Part 3

Stanley's Bicycles contribution margin is $7,500

Explanation:

Green Corporation Contribution Margin Statement

Sales revenues $400,000

Less Variable costs ($180,000)

Contribution $220,000

Less Fixed Cost ($70,000)

Net Income $150,000

Frost Company Contribution Margin Statement

Contribution ($49 x 10,000) $490,000

Less Fixed Cost ($70,000)

Net Income $420,000

Change = $420,000 - $150,000 = $270,000

Stanley's Bicycles Contribution Margin Statement

Sales Revenue ($750 x 200) $150,000

Less Variable Costs :

Cost of Sales ( $600 x 200) ($120,000)

Commission ($150,000 x 15%) ($22,500)

Contribution $7,500

Less Fixed Costs

Rent expense ($1,400)

Salaries ($3,000)

Net Income $3,100

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3 years ago