Question:
If Korea is capable of producing either shoes or soccer balls or some combination of the two then a. Korea should specialize in the product in which it has an absolute advantage.
b. It would be impossible for Korea to have an absolute advantage over another country in both products.
c. Korea is efficient in the production of both goods.
d. Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
Answer:
d. Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
Explanation:
Opportunity cost is defined as the cost of choosing or picking particular option or alternative over another option or alternative.
In question, we are told that Korea is capable of producing either shoes or soccer balls or some combination of the two.
Therefore Korea would have to make a list of priorities also know as alternatives or options, to decide if
a. they would produce shoes,
b. or soccer balls
c. or a combination of both shoes or soccer balls.
This process described here is the process of Opportunity cost. Korea would then weigh their options and choose which is better for them either based on profit or any other reason.
Hence, Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
Answer:
This leads to a reduction in net income
Explanation:
Manufacturing overheads refer to those costs which indirectly relate to a good's production. Examples of manufacturing overheads would include depreciation charged on equipments used for production, rent of the factory wherein production takes place.
The effect of recognition of $400 of estimated manufacturing overheads would be reduction in net income since their recognition raises the cost of production which reduces gross profit. Consequently this would reduce the net income.
Answer: In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the marginal cost is $60. If the marginal cost increased from $60 to $75, the monopoly would raise its price <u>by less than $15</u>, and the price in the perfectly competitive market would <u>increase to $75.</u>
Explanation: The monopolist attends to the market demand, therefore the choice of the monopolist is limited by the market demand. If you set a very high price, you will only sell the amount that the demand you want to buy at that price, so it will only increase by less than $ 15.
In a market of perfect competition the companies are accepting price and will produce until the price is equal to the marginal cost so the price would rise to $ 75.
D. ROMANCE BETWEEN A WORKER AND A SUPERVISOR MUST ALWAYS BE OUT OF BOUNDS.
This is true particularly when the worker is under the direct supervision of the supervisor. Romantic involvement is discouraged because it the case of supervisor and worker, there is a conflict of interest and it is unfair for other workers under the supervision of the same supervisor.
In the event that a romance between worker and supervisor is inevitable, it is more prudent for the worker to request for transfer to another division wherein she or he will not be under the supervisor's authority.
The price of a failed workplace romance may not always be your job. It may be hard one both parts but if they truly need their jobs and with no other employment option in sight, they must accept their failure and move on.
It is possible to keep personal and work roles separate. As long as you both are mature enough to set and discuss boundaries.
Productivity and efficiency are affected by office romance. Your performance is a reflection on your emotional well-being. If you fought with your partner, most likely, you will perform a lackluster job.
How an individual present himself is important, your attitude, existing relationships, professional role, education, skills and training, and philanthropic efforts all contribute to identifying your visibility.
<h3>What is personal brand?</h3>
Personal brand refers to how an individual promote him or herself.
It involves the expertise, experience and personality of that individual and how all this makes such individual visible to the world.
For an individual to be well known it is a product of branding.
Therefore, your attitude, existing relationships, professional role, education, skills and training, and philanthropic efforts all contribute to identifing your visibility.
Learn more on branding from
brainly.com/question/14286452
