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iVinArrow [24]
2 years ago
13

For each watch that Switzerland produces, it gives up the opportunity to make 50 pounds of chocolate. Germany can produce 1 watc

h for every 100 pounds of chocolate it produces. Which of the following is true about the comparative advantage between the two countries?
A. Switzerland has the comparative advantage in chocolate.
B. Switzerland has the comparative advantage in watches.
C. Germany has the comparative advantage in watches and chocolate.
D. Germany has the comparative advantage in watches.
Business
1 answer:
chubhunter [2.5K]2 years ago
6 0

Answer:

B. Switzerland has the comparative advantage in watches.

Explanation:

Comparative Advantage is when an economy can produce a commodity with comparatively less opportunity cost in terms of other good sacrifised, than other economy.

It can also be denoted as an economy's more relative productivity in consumption, compared to other economy.

                       Watch         Chocolate

Switzerland       1                    50

Germany           1                    100

Switzerland can produce a watch by sacrifising lesser units of chocolate i.e 50,  than Germany - which sacrifises 100 watches chocolates for a watch production.

Switzerland is 0.02 (1/50) times productive in watch than chocolate. Germany is lesser i.e 0.01 (1/100) time productive in watch than chocolate. Also, Germany is more productive in chocolate than watch 100X > 50X.

So, Switzerland has comparative advantage in Watches & Germany in Chocolate.

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Answer:

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Using the straight-line method, the company should report annual depreciation for the equipment of $4,200.

Given,

A company buys equipment for $48,000 expects to use it for ten years, and then sell it for $6,000

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Thus, annual depreciation = $4,200

A standard yearly rate at which depreciation is charged to a fixed asset is called annual depreciation. Thus, to calculated depreciation the straight-line method is used. Where you need to subtract the asset's salvage value from its cost.

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You are a Marketing Director for a cruise line. Which operates Luxurious Ships, with excellent service and cuisine, how would yo
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Martine Piccirillo works as the payroll clerk for Centinix, a security company that hires many part-time and temporary workers w
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Answer:

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FLSA(Fair Labor Standards Act)

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The Immigration Reform and Control Act (IRCA) forbids employers from recruiting/hiring any foreign citizen that doesn't have a proper work authorization. That means that all Centinix's employees should have a green card.

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