Answer:
Check the explanation
Explanation:
Cost of processing/ Max. total capacity
pineapple ($) (pineapples)/day
Machine 1 0.1 250
Machine 2 0.25 400
Machine 3 0.50 500
The long-term contract to service the machines for $1,825 per year can be considered to be a fixed cost which is not dependent upon the quantity of output.
Therefore, marginal cost would be the cost of processing and the company would use the machine with least processing cost first till its maximum capacity is reached, followed by the other machines in order of increasing costs.
Answer:
A. If Canada were to allow trade, it would export hockey sticks
Explanation:
A Comparative advantage is said to exist when one nation sacrifices fewer resources than another to produce same quantity of a product. It means the nation with lower opportunity cost (in terms of units of production of other good sacrificed), than others, holds a comparative advantage.
In the given case, Canada sacrifices fewer (i.e 5 bats against 8 bats) units of baseball bats to produce a hockey stick, than other nations.
This means Canada holds a comparative advantage relative to other countries, in production of hockey sticks.
Hence, if Canada were to allow trade, it would export hockey sticks.
Answer: Insider Information
Confidential information that only individuals working in an organization know about the company is known as insider information.
This information is not usually disclosed to the public and a company's management team may or may not choose to make this information public at a later date.
Using such information to buy and sell shares of a company is usually considered illegal and is a punishable offence under law.
Answer:
B.40,000 square feet
Explanation:
Calculation to correctly denotes the number of square feet and employees over which the Building Maintenance cost and Human Resources cost would be allocated
Employees Human Resources 4,000
Machining 15,000
Assembly 21,000
Number of square feet 40,000
(4,000+15,000+21,000)
Therefore the number of square feet and employees over which the Building Maintenance cost and Human Resources cost would be allocated is 40,000