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Bingel [31]
3 years ago
15

Suppose charles owns a​ lawn-mowing company. assume that without​ workers, no yards are mowed. when he hires one​ worker, he is

able to mow 44 yards per day. with two​ workers, he can mow 99 yards per​ day, and with three​ workers, he can mow 1616 yards per day.
Business
1 answer:
Marysya12 [62]3 years ago
4 0
<span>Marginal pruduct of first worker is 3 yards. Marginal product of second worker is 4 yards. Marginal product of third worker is 5 yards.The marginal product of labor potentially increases due to specialization.</span>
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Suppose France can produce four phones or three computers with one unit of labor, and Sweden can produce one phone or two comput
Fynjy0 [20]

Answer:

France should specialize in producing phones and import computers from Sweden

Explanation:

France can produce: 4 phones or 3 computers

The opportunity cost of producing 1 phone = (3 ÷ 4)

                                                                        = 0.75 computers

The opportunity cost of producing 1 computer = (4 ÷ 3)

                                                                        = 1.33 phones

Sweden can produce: 1 phone or 2 computers

The opportunity cost of producing 1 phone = (2 ÷ 1)

                                                                        = 2 computers

The opportunity cost of producing 1 computer = (1 ÷ 2)

                                                                        = 0.5 phones

According to the comparative advantage,

Sweden has a comparative advantage in producing computers because the opportunity cost of producing computers is lower for Sweden than for France.

France has a comparative advantage in producing phones because the opportunity cost of producing phones is lower for France than for Sweden and import computers from Sweden because Sweden has a comparative advantage in producing computers.

7 0
3 years ago
An installment loan _____.
HACTEHA [7]
An installment loan has equal payment each month

an Installment loan is usually an amount of money which borrow that must be repaid in a specific interest rate over period of time. This type of loans DOES NOT have changing interest rates so the amount of payments are equal each time.
6 0
3 years ago
What is the most important thing that a venture capitalist is looking for in a company to invest in? discuss your response.
Simora [160]

Simply said, management is by far the most crucial aspect for astute investors. VCs invest mostly in the management team's capacity to carry out the company plan. You need a solid understanding of your market, a tested business plan, and a well-thought-out strategy for approaching venture investors if you want to distinguish out from other businesses.

In addition to this, VCs value intellectual honesty and self-awareness in founders. He has discovered from his experience as an investor that "those who are very introspective, recognize their strengths and flaws" have a higher likelihood of founding and eventually developing a successful firm.

To learn more on venture capitalist

brainly.com/question/15079917

#SPJ4

8 0
1 year ago
Economists define potential income as the level of income that: Group of answer choices an economy is capable of producing witho
andrey2020 [161]

Answer:

an economy is capable of sustaining or producing without generating higher inflation.              

Explanation:

In simple words, potential economy refers to that level of output or GDP that an economy can produce and sustain over  along term with its given level of inflation and resources available.

Potential income has to be maintained over a long term and is based on the assumption that all of the resources available, whether human or natural, will be utilized as according to their maximum utility power.    

6 0
3 years ago
A professor at a university finds a way to reduce the costs of producing automobile glass. The method is very easy for anyone to
Dafna1 [17]

Answer:

b) the method to reduce costs of producing automobile glass, but not the formula for the substance that prevents smudging.

Explanation:

As provided, the professor develops a way which shall reduce the cost of producing the automobile glass, which apparently is very easy for anyone to copy and use.

Whereas, when a company develops the formula which creates a substance that prevents the automobile glass from getting smudged is again a technological knowledge although not that common.

Since the first one is apparently easy and other is patented which means both are common else not so common idea will not need patent as people would not be able to create such formula.

8 0
3 years ago
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