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irina [24]
3 years ago
7

What is the change due if a $5 bill is tendered for a charge of $4.21?

Business
1 answer:
never [62]3 years ago
3 0
What is the change due if a $5 bill is tendered for a charge of $4.21?

A.0.79

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Explanation:

Explanation:

            Labor hours to make 1 lb. of:          lbs. produced in 24 hours

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Farmer         6                            3                       4                       8

Rancher       4                            4                       6                       6

If both decide to specialize in producing only one good, the farmer will produce 8 pounds of tomatoes per day and the rancher will produce 6 pounds of pork per day.

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When the rancher trades 6 pounds of tomatoes in exchange for 4 pounds of pork, he is gaining 2 pounds of tomatoes which is equivalent to 6 labor hours.

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