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Nat2105 [25]
3 years ago
15

Two friends, rachel and joey, enjoy baking bread and making apple pies. rachel takes two hours to bake 1 loaf of bread and one h

our to make 1 pie. joey takes four hours to bake 1 loaf of bread and four hours to make 1 pie. what is joey's opportunity cost of baking 1 loaf of bread
Business
1 answer:
alisha [4.7K]3 years ago
6 0
<span>Joey's opportunity cost of baking 1 loaf of bread is 1 pie or 4 hours of time due to the fact that it takes Joey the same amount of time to bake 1 loaf of bread as it does to bake 1 pie.</span>
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Andrea's Kitchen is a catering business that operates by means of its own website. Customers order party platters, pastries, and
valkas [14]

Answer:

D) Direct Channel

Explanation:

Distribution, also called place is one of the four Ps of marketing. Distribution is the process of delivering goods or services from the manufacturer to the consumers. In distribution, there are two ways of delivering goods or services to the target market. The first one is known as the Direct distribution while the other is the Indirect distribution. Direct distribution is a situation where goods or services are delivered to the target market without any help from middlemen. That is, straight from the manufacturers to the consumer. This is also known as Zero distribution. This way of distribution lowers cost because it is direct from the manufacturer to the consumer.

 The other way of distribution is the Indirect distribution. Indirect distribution happens when goods or services are delivered to the target market with the help of middlemen. The middlemen mentioned here, refer to the agents, brokers, wholesalers and retailers.

  Andrea's Kitchen Catering Services offers the way of direct distribution because they do not make use of middlemen in order to deliver goods to their customers. The food leaves their kitchen(place of production) and straight to the consumer's abode. One major advantage of this way of distribution is the easy access and quality communication between the manufacturer and the consumers.

7 0
3 years ago
If the firm sells its product at the market price of $10 per unit, how many workers should the firm employ to maximize profit if
Bingel [31]

Answer:

the data regarding output and the quantity of labor is missing, so I looked for a similar question and found the attached image.

if one employee is hired, total production = $80, and total cost = $55

if two employees are hired, total production = $150, and total cost = $110

if three employees are hired, total production = $210, and total cost = $165

if four employees are hired, total production = $260, and total cost = $260

hiring <u>four employees</u> should maximize profits since MC = MR

7 0
3 years ago
9. Current one-year interest rates in Europe is 4 percent, while one-year interest rates in the U.S. is 2 percent. You convert $
Ulleksa [173]

Solution:

Given ,

1 Year interest rates in Europe = 4 %

1 Year interest rates in the U.S. = 2 %

You are translating $200,000 and spending $200,000 in French

Current spot rate of the euro = $1.20

a.   (2%-4%)/(1+4%)=(S - 1.20) / 1.20  

     S= $1.1769 one year Euro rate

b. ( $1 / 1.20 )( 1 + 4% )* 1.12 = $.9707 return of -2.93% (loss)

c. ( $1 / 1.20) ( 1 + 4%)* 1.31 = $1.1353 return of 13.53% (gain)

d . ($1 / 1.20) ( 1 + 4%) *S = $1 (1+2%) ;

        S=$1.1769          

A spot rate of over $1.17697 (this is the same in part A) would be effective.

7 0
2 years ago
(c) the limits of the terms of trade are determined by the comparative cost conditions in each country before trade: 1a
Lorico [155]

The limits of the terms of trade are determined by the comparative cost conditions in each country before trade:

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

What is comparative cost ?

Comparative costs refers to comparing, using a comparative costs approach, the costs of signing into a privatized contract to the expenses of the state maintaining to provide the services that are the subject of the contract.

Therefore,

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

To learn more about comparative cost from the given link:

brainly.com/question/8141905

3 0
2 years ago
On July 1, 2014, Agincourt Inc. made two sales.
sesenic [268]

Answer:

Explanation:

Date                   Account title and Explanation     Debit      Credit

1st july-14                  Notes receivable             $1,393,591

                         Discount on notes receivable                                                                     ($1,393,591 - S600,100 - $317,900)                  $475,591

                                                Land                                           $600,100

                                   Gain on disposal of land                                                 `                        ($918,000 - $600,100)                               $317,900  `                                           (To record sale of land)

1-Jul-14

                                  Notes receivable                 $404,300

                                   Service revenue                                  $404,300

`                               (to record service revenue)

5 0
3 years ago
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