The true statement about the opportunity costs in the two countries is: B) the opportunity cost of producing cheese is higher in Denmark.
<h3>What is an opportunity cost?</h3>
An opportunity cost is also referred to as alternative forgone and it can be defined as the value, profit or benefits that are given up and forfeited by an individual or business firm, in order to choose or acquire something deemed most significant at the time.
In this context, we can infer and logically deduce that the true statement about the opportunity costs in the two countries is that the opportunity cost of producing cheese is higher in Denmark because it forfeits only 50 pounds of cheese.
Read more on opportunity cost here: brainly.com/question/8846809
#SPJ1
Complete Question:
For each watch Denmark produces, it gives up the opportunity to make 50 pounds of cheese. Germany can produce one watch for every 100 pounds of cheese it produces. Which of the following is true with regard to opportunity costs in the two countries?
A) The opportunity cost of producing watches is higher in Denmark.
B) The opportunity cost of producing cheese is higher in Denmark.
C) The opportunity cost of producing cheese is identical in both countries.
D) It is impossible to compare opportunity costs because the two countries use different currencies.
E) In both countries combined, the opportunity cost of one watch is 150 pounds of cheese.
The Amount of investment equals $974.83.
The continuous compound interest helps to calculate an investment that are reinvested into the balance over a infinite number of periods.
- The formula for continuous compound interest is A=P^e^(r*t)
Amount of investment = $535 * e^(6%*10)
Amount of investment = $535 * 1.82211880039
Amount of investment = $974.833558209
Amount of investment = $974.83
Therefore, the Option B is correct since the Amount of investment equals $974.83.
Read more about compound interest
<em>brainly.com/question/24274034</em>
The purpose of making an inference is so that one is able to elicit a conclusion that depends on facts provided based on reasoning.
<h3>What is an Inference?</h3>
Inferences are helpful because they help to uncover hidden messages in a text or literature. Another way to refer to inference is "to read between the lines"
When a person arrives at a conclusion by adding one or more logical facts together, they are said to have made an inference.
Do note that the text (paragraph) referred to is unavailable hence the general answer.
Learn more about Inference at:
brainly.com/question/26365397
A store with a wide variety of products, usually at higher prices than discount stores is called a department store.
<h3 /><h3>What are the advantages of a department store?</h3>
As this business configuration focuses on the sale of a variety of products that are easily marketed, the greatest advantages are the variety of products that generate consumer convenience, in addition to reduced advertising costs and economies of scale.
The disadvantages of a department store are related to the need for a high amount of capital to operate the business, in addition to promoting little personal contact with the end customer. But if organizational resources are well managed, this business structure can be very profitable.
Therefore, department stores are a trade whose focus is on the sale of varied products at a more competitive price and quality service, generating convenience and reliability for the consumer.
Find out more about department store here:
brainly.com/question/27293552
#SPJ1
The total equivalent units in the weighted-average method used will be 316800 and 304200 respectively.
<h3>What is weighted-average method?</h3>
The weighted-average method simply uses the weighted average to determine the cost of goods sold.
From the complete question, the total equivalent units for material cost will be:
= $300000 + $16800
= $316800
The total equivalent units for conversion will be:
= $300000 + $4200
= $304200
Learn more about weighted-average method on:
brainly.com/question/18554478
