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ZanzabumX [31]
3 years ago
6

Assume that England and Spain each has 40 labor hours available. Originally, each country divided its time equally between the p

roduction of cheese and bread. Now, each country spends all its time producing the good in which it has a comparative advantage. As a result, the total output of cheese increased by
Business
2 answers:
Sholpan [36]3 years ago
6 0

Answer:

Multiple of 2

Explanation:

This is because the two countries are producing at a more increased rate than before. so the output of cheese will be more than it was before the sole focus on its production.

Agata [3.3K]3 years ago
5 0

Answer:

15

Explanation:

                Hrs to Make 1 Unit of         Units Produced in 40 Hours

                  Cheese    Bread                         Cheese     Bread

England       1                 4                                  40              10

Spain           4                8                                   10               5

  • England's opportunity cost of producing cheese over bread = 10/40 = 0.25 breads per cheese
  • England's opportunity cost of producing bread over cheese = 40/10 = 4 cheeses per bread
  • Spain's opportunity cost of producing cheese over bread = 5/10 = 0.5 breads per cheese
  • Spain's opportunity cost of producing bread over cheese = 10/5 = 2 cheeses per bread

Originally England produced 20 cheeses and 5 breads, while Spain produced 5 cheeses and 2.5 breads.

  • total cheese production = 25
  • total bread production = 7.5

Since England has the comparative advantage of producing cheese and Spain of producing bread, total cheese production will increase to 40 (15 units more than before), while bread production will be 5.

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If the United States government raises the income taxes on the wealthiest Americans, while increasing welfare payments to the po
SSSSS [86.1K]

Answer:

(Decrease, Increase)

Explanation:

When the government formulates and implements policies aimed at increasing equality, the society will experience a reduction in the level of efficiency. For example, an increase in income tax on wealthiest Americans, and redistribution of the tax revenue to the poorest Americans would may discourage the wealthy from taking more income-generating activities which create jobs, this is not optimal. At the same time, this policy would reduces the peoples’ incentive to work hard to earn their own money.

5 0
3 years ago
Pacific Division has the following information:
Luden [163]

Answer:

it will be a net loss of 560,000

It is better to produce at a loss of 60,000 than a loss of 620,000

That's because, the Division cover a good portion of their allocate fixed cost.

Explanation:

The fixed expense are allocate cost. Are unavoidable cost It will remain even if the division is dropped.

The sales and variable cost will be zero.

\left[\begin{array}{cccc}&Continued&Discontinued&Differential\\Sales&1,200,000&0&-1,200,000\\Variable&-640,000&0&640,000\\Allocate cost&-620,000&-620,000&0\\Result&-60,000&-620,000&-560,000\\\end{array}\right]

After posting the values, we calculate the differential income.

In this case it will be a loss for 560,000

5 0
3 years ago
Who would recall an unsafe toy that presents a choking hazard to young children?
lora16 [44]
The third option, Consumer Product Safety Commission is who would recall an unsafe toy that presents a choking hazard to young children.
CIA deals with other things. :) Food and drug administration has nothing to do with toys. Federal communications commission has to do with communication as the name itself says. 
8 0
3 years ago
Nick has just learned from the CEO that he needs to lay off fifteen workers. He cares a great deal about his employees and wants
Lina20 [59]

Answer:

FACE TO FACE

Explanation:

If Nick cares a great deal about his employees and wants to convey this information in the best way possible, then the medium Nick should use to tell his employees that they're fired is the 'Face to Face' method which means announcing to them in Person.

The following reasons are why:

1. Shock Reduction. If a worker is being fired, that worker will receive such a news with negative shock which will be more severe if done in writing.

2. Clarity and Conciseness: Firing someone always comes with some level of confusion which can be adequately managed if done on a personal familiar level.

3. Emotional Management: Face to face information helps the manager to manage the emotions of sad feelings and give the employees a soft landing.

8 0
3 years ago
Company A, a British manufacturer, wishes to borrow US dollars at a fixed rate of interest. Company B, a US multinational, wishe
Sever21 [200]

Answer:

Company b 11.0 % 7.o%

Explanation:

Is this ok

7 0
3 years ago
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