Answer:
2) Chemotherapy for cancer patients
Explanation:
Chemotherapy for cancer patients is a basic necessity needed for the patient to continue living, so if the price of chemotherapy increases or decreases will not affect the patient's choice of getting it. What can affect the patient's decision is whether he/she can afford the treatment, but even if he/she can't they will seek other ways of trying to obtain it, e.g. going to public hospitals.
Answer:
By comparing the opportunity cost of producing cheese in the two countries, you can tell that <u>GREECE</u> has a comparative advantage in the production of cheese and <u>AUSTRIA</u> has a comparative advantage in the production of beer.
Suppose that Greece and Austria consider trading cheese and beer with each other. Greece can gain from specialization and trade as long as it receives more than <u>4 BARRELS</u> of beer for each pound of cheese it exports to Austria. Similarly, Austria can gain from trade as long as it receives more than <u>0.1 POUND</u> of cheese for each barrel of beer it exports to Greece.
Based on this, which of the following terms of trade (that is, price of cheese in terms of beer) would allow both Austria and Greece to gain from trade?
a. 18 pounds of fish per pound of cheese.
<u>b. 9 pounds of fish per pound of cheese.
</u>
c. 1 pound of fish per pound of cheese.
d. 3 pounds of fish per pound of cheese.
WHAT HAPPENED TO THE BEER?
Assuming it is barrels of beer instead of fish, then both would gain if they traded 9 BARRELS OF BEER PER POUND OF CHEESE.
Explanation:
Opportunity costs are the benefits lost or extra costs associated to choosing one activity or investment over another alternative, I.e. the cost of the next best choice.
Notes payable and Accounts payable are both used to represent the obligations that a company has to an entity. They are however different in certain ways such as:
- Payment period
- Conversion
- Entities owed
The following are differences between notes payable and accounts payable:
- Payment period - Accounts payable are to be paid in less than a year whereas Notes payable can either be less or more than a year.
- Conversion - Accounts Payable can be converted to a notes payable if the company is unable to pay them off in time. A Notes payable on the other hand, cannot be converted to an Accounts payable.
- Entities owed : Accounts payables are owed to suppliers of the company but Notes payable are owed to financial institutions.
In conclusion, notes payables and accounts payables have several differences.
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Answer:
NPV = $-1,225.37
No. The return is less than 14%, because the net present value is negative
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-13,000
Cash flow in year 1 and 2 = 420
Cash flow in year 3 = $420 + $16,000 = $16,420.
I = 14%
NPV = $-1,225.37
The return is less than 14%, because the net present value is negative
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
Here is your answer : )
Explanation:
Contractionary fiscal policy means when the government taxes more than it spends.
Expansionary fiscal policy means when the government spends more than it taxes.
Automatic stabilizers means features of the tax and transfer systems that temper the economy when it overheats and stimulate the economy when it slumps without direct intervention by policymakers.
Hope it helps you