Answer:
The total gains from trade are <u>4</u> dishes of pasta and <u>4</u> pizzas an hour.
Explanation:
Before specialization, Mia and Mario each produced 4 dishes of pasta and 4 pizzas per hour. After specialization, Mia is able to produce 12 dishes of pasta, and Mario is able to produce 12 pizzas per hour.
After specialization and trade, the total maximum combined output per hour is 12 dishes of pasta and 12 pizzas. Before specialization, the total maximum combined output per hour was 8 dishes of pasta and 8 pizzas. So the net gain of specialization and trade is 4 dishes of pasta and 4 pizzas per hour.
Answer:
in food they provide day-to-day nutrients that the body needs in order to function
Explanation:
Answer:
JDW Corporation
Income Statement
For the year ended December 31, 20x1
Sales revenue $2,929,500
Cost of goods sold <u> ($1,786,995)</u>
Gross margin $1,142,505
S&A expenses <u> ($585,900)</u>
Income from operations $556,605
Other comprehensive income:
- Unrealized holding loss AFS securities ($22,000)
- Currency translation gain $26,250
- Unrealized loss from pension adjustment ($7,000)
- Total other comprehensive income/loss <u> ($2,750)</u>
Net income before taxes $553,855
Answer:
c. 2.50.
Explanation:
Elasticity of demand is defined as the degree of responsiveness of quantity demanded to changes in the price of a commodity. It is calculated as percentage change in quantity demanded divided by percentage change in price.
Elasticity is considered elastic if the value is above one, and is means an increase in price results in significant decrease in demand.
When elasticity is less than 1 it is said to be inelastic and increase in price does not result in significant change in demand.
Percentage change in quantity= (30millon- 20 million)/20 million= 0.5
Percentage change in price= (100-80)/100
Percentage change in price= 20/100= 0.2
Elasticity= 0.5/0.2= 2.5