If the other island's delegate offers to give you 2 fish for every 1 coconut you give them you will?
1 answer:
If you are offered 2 fish for every 1 coconut by the Island's delegate then you will reject it because it cost more than 2 fish to make one coconut.
<h3>What should you do about the island delegate's offer?</h3>In order to make one coconut, the number of fish that you give up are:
= 1500 / 500
= 3 fish
The Island's delegate is therefore offering you less fish than what it costs to produce a coconut so you should reject the offer.
First part of question is:
This problem has been solved!
See the answer
You are the Minister of Trade for a small island country in the South Pacific with the annual production possibilities curve depicted below on the left. You are negotiating a deal with a neighboring island that has the annual PPC depicted below on the right:
Find out more on terms of trade at brainly.com/question/17727564
#SPJ1
You might be interested in
Answer:
The correct statement is "the current yield is less than 6%".
Explanation:
A bond only sells at a premium if the yield to maturity is less than the coupon rate. So the first statement is false.
Current Yield =. The second statement is correct.
If the yield to maturity is equal to the coupon rate, the bond should be selling at par i.e the market price of the bond should be $1,000, therefore the 3rd statement if incorrect.
The current yield can only equal the coupon rate if the bond is selling at par. Therefore the last statement is incorrect.