1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leokris [45]
3 years ago
11

An economy consists of three workers, Larry, Moe, and Curly. Each works ten hours a day and can produce two services: mowing law

ns and washing cars. In an hour, Larry can either mow one lawn or wash one car; Moe can either mow one lawn or wash two cars; and Curly can either mow two lawns or wash one car.Scenario 1: All three spend all their time mowing lawns. Then lawns will be mowed and cars will be washed.Scenario 2: All three spend all their time washing cars. Then lawns will be mowed and cars will be washedScenario 3: All three spend half their time on each activity. Then lawns will be mowed and cars will be washed.Scenario 4: Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. Then lawns will be mowed and cars will be washed.Exactly one of the scenarios above is inefficient. That is Scenario:_________
Business
1 answer:
pantera1 [17]3 years ago
7 0

Answer:

Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. Then lawns will be mowed and cars will be washed

Explanation:

In a hour :

Larry can ; wash 1 car or mow 1 lawn

Moe can ; mow 1 lawn or wash 2 cars

Curly can ; mow 2 lawns or wash 1 car

The inefficient scenario is  Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. Then lawns will be mowed and cars will be washed. this is because Larry can either wash 1 car or mow 1 lawn every hour and if Moe only washes cars and Curly only mows Lawns there will still be Cars and Lawns left to be washed and Mowed since Larry does not work at full capacity like Moe and Curly who could wash 2 cars or mow 2 lawns every hour

You might be interested in
Jing Company was started on January 1, Year 1 when it issued common stock for $36,000 cash. Also, on January 1, Year 1 the compa
san4es73 [151]

Answer:

$716 and $12,300

Explanation:

Original Cost = $16,000 + $2,100

Original Cost = $18,100

Double decline rate = 100/5*2

Double decline rate = 40%

First Year Depreciation = $18,100*40%

First Year Depreciation = $7,240

Second Year Depreciation = $18,100*60%*40%

Second Year Depreciation = $18,100*0.60*0.40

Second Year Depreciation =  $4,344

Third Year Depreciation = ($18,100 - $7,240 -  $4,344 -$5,800)

Third Year Depreciation =  $716

Accumulated Depreciation = $7,240 +  $4,344 + $716

Accumulated Depreciation = $12,300

5 0
3 years ago
Depreciating assets: a become more valuable over time. b become less valuable over time. c stay the same value. d none of the ab
NemiM [27]
Depreciating means to become less valuable over time, so I believe the correct answer is <span>b. become less valuable over time.</span>
6 0
2 years ago
Read 2 more answers
Ahngram Corp. has 1,000 defective units of a product that cost $3.30 per unit in direct costs and $6.80 per unit in indirect cos
OLga [1]

Answer:

If the units are reworked, income will increase by $5,800.

Explanation:

Giving the following information:

Number of units= 1,000

Sell as-is= $4.3

Rework cost= $2.8

Selling price= $12.9

<u>Because the original cost will remain constant in both options, we will not take them into account.</u>

Sell as-is:

Effect on income= 1,000*4.3= $4,300

Rework:

Effect on income= 1,000*(12.9 - 2.8)

Effect on income= $10,100

If the units are reworked, income will increase by $5,800.

4 0
2 years ago
Which of the following best explains why commodity futures contracts are transferable
ioda
The reason why commodity futures contracts are transferable is: <span>They can be bought and sold but the obligation in the contract remains valid.

Commodity futures contract is an agreement to buy or sell a specific asset at a specific price somewhere in the future.
This contract does not specify the name of the person who should buys the asset, so it could be transferable as long as the exchange is still fuiflled.

</span>
4 0
3 years ago
Vito Co. had current assets of $9,000 and current liabilities of $6,000 at the end of the year. Net income during the year was $
Fynjy0 [20]

The current ratio for Vito Co. with respect to the period under review is 1.5

<h3>What is current ratio?</h3>

The current ratio, also known as the working capital ratio, measures the capability of a business to be able to meet its short term financial obligations.

The Current Ratio formula is

= Current Assets / Current Liabilities

= $9,000 / $6,000

= 1.5

Therefore, the current ratio for Vito Co. with respect to the period under review is 1.5

Learn more about current ratio here: https://brainly.in/question/45000916

5 0
2 years ago
Other questions:
  • The manager of manufacturing consults with a customer service representative to determine the status of a shipment to a customer
    7·1 answer
  • What are the most important information needs that a governmental annual report should fulfill for each of the following: ______
    8·1 answer
  • Assume that your parents wanted to have $ 130,000 saved for college by your 18th birthday and they started saving on your first
    15·1 answer
  • Suppose Rainforest sells 2 comma 000 books on account for $ 19 each​ (cost of these books is $ 22 comma 800​) on October ​10, 20
    10·1 answer
  • When a good is nonexcludable: a. a free-rider problem will exist. b. consumers will pay the producers the market price for the g
    12·1 answer
  • LO 4.1Which of the following is a conversion cost?
    6·1 answer
  • Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses
    7·1 answer
  • You can also improve your messages through stylistic emphasis in sentence structure and word choice. Which of the following styl
    11·1 answer
  • Every good speaker adapts to the audience. When adapting presentations for intercultural audiences, most people understand that
    7·1 answer
  • The death of a promisor in a personal services contract discharges an agreement. However, if a promisor dies, other types of con
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!