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ch4aika [34]
4 years ago
6

An economy produces only food and shelter. There are two individuals in the economy: Bill and Mary. Mary's opportunity cost of p

roducing 1 unit of shelter is 2 units of food. Bill's opportunity cost of producing 1 unit of shelter is 4 units of food. Who has a competitive advantage?
Business
1 answer:
Lisa [10]4 years ago
4 0

Answer:

Mary

Explanation:

Mary has a competitive advantage and has a lower opportunity cost than Bill just having to sacrifice 2 units of food for 1 shelter, while Bill has to sacrifice 4 units of food for producing 1 unit of shelter. It is possible to observe this in the production relation:

Mary's productivity:

\frac{1}{2}=0.5

Bill's productivity:

\frac{1}{4}=0.25

We see that Mary has a higher productivity rate, which means that she has the competitive advantage

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Welfare analysis: Basic conceptsIdentify whether each of the following statements best illustrates the concept of consumer surpl
STALIN [3.7K]

Answer:

Producer surplus

Neither

Consumer surplus

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Producer surplus is the difference between the price of the good and the least price the seller is willing to sell his product.

1. Price = $149

least price seller was willing to sell his laptop = $140.

Hence it's producer surplus.

2. Price = $59

there's no information on the least price the seller was willing to sell or the highest amount the buyer was willing to buy.

hence it's neither producer or consumer surplus

3. Price = $39

highest amount buyer was willing to buy = $46

Hence, it's consumer surplus

I hope my answer helps you

3 0
4 years ago
__________ involves taking apart a product, analyzing it, and creating an improved product that does not infringe on the competi
kompoz [17]

Answer:

Reverse engineering

Explanation:

Reverse engineering is one of the most complicated procedures which involves great deal of critical analysis. It’s a process which takes apart a product and then redesign and recreate it.  Reverse engineering is the best way to learn other technologies and replicating them effectively. It also involves a great deal of analysis regarding the complete composition and construction.

7 0
3 years ago
ASK ME WEIRD QUESTIONS QUICK
Pachacha [2.7K]

Answer:

hop off brainly cuz

Explanation:

4 0
4 years ago
Read 2 more answers
what is the present value of the following cash flow stream at a rate of 10.0%? years: 0 1 2 3 cfs: $750 $2,450 $3,175 $4,400
lana [24]

The present value of the given cash flow stream at a rate of 10.0% for all the years that is from year zero to year three is $10,777.50. Hence, Option B is correct.

<h3>What is a cash flow stream?</h3>

For describing any business proposal, there are very specific requirements, but the two things that are majorly required are cash flow instances and cash flow stream.

A cash flow stream is basically a kind of specific amount that sometimes flows into or sometimes flows out of an organization. It is basically for a particular time period, which can be calculated with the help of some proposal.

Therefore, the given data after doing these required calculations when the cash flow is calculated at a rate of 10.0%, the amount is $10,777.50. Option B is correct.

Learn more about cash flow stream from here:

brainly.com/question/15565882

#SPJ4

The complete question is attached in text form:

What is the present value of the following cash flow stream at a rate of 10.0%?

Years: CFs:

0 $750

1 $2,450

2 $3,175

3 $4,400

a. $8,283.53

b. $10,777.50

c. $10,866.57

d. $7,749.11

e. $8,907.02

3 0
1 year ago
Tyare Corporation had the following inventory balances at the beginning and end of May: May 1 May 30 Raw materials $ 35,000 $ 49
Kobotan [32]

$7,700

Explanation:

$18,500 - $6,000 - $4,800 = 7,700

4 0
3 years ago
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