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
brilliants [131]
3 years ago
7

Alex doesn't care about where he lives, but he does care about what he eats. Alex spends all his money on restaurant meals at ei

ther American (x_a) or French restaurants (x_f). His firm offers to transfer him from its Austin office to its Paris office, where he will face different prices. The firm will pay him a salary in euros such that he can buy the same bundle of goods in Paris that he is currently buying in Austin.
1. Will Alex be better off in Paris if the relative prices between American and French meals (p_a/p_f) are lower in Paris than Austin? Why?
2. Will Alex be better off in Paris if the relative prices between American and French meals (p_a/p_f) are higher in Paris than Austin? Why?
Business
1 answer:
Levart [38]3 years ago
5 0

Answer:

Part 1). Yes, Alex be better off in Paris if the relative prices between American and French meals (p_a/p_f) are lower in Paris than Austin because his capability to buying goods growths so his cash is fundamentally value more locally.

Part 2) No, Alex be better off in Paris if the relative prices between American and French meals (p_a/p_f) are higher in Paris than Austin because even though he can buying the same components, they will cost extra, and he will consume less goods than living in Austin

You might be interested in
Sensible Insurance Company collected a premium of $18,000 for a 1-year insurance policy on April 1. What amount should Sensible
salantis [7]

Answer:

Current liability for 3 months will be $4500

Explanation:

We have given that

Sensible insurance company has collected a premium of $18000

We have given time = 1 year = 12 months

So the premium collected per month [tex]=\frac{$1800}{12}=$1500[/tex

Now, the company has collected the revenue on April 1 and now it is December 31

So number of months from April to December = 9

So total premium earned in 9 months = 9× $1500 = $13500

So current liability for 3 months will be = 3×$1500 = $4500

6 0
4 years ago
Bramble Company purchased a new van for floral deliveries on January 1, 2018. The van cost $66000 with an estimated life of 5 ye
fgiga [73]

Answer:

$42,240

Explanation:

The computation of the balance of the Accumulated Depreciation account at the end of 2019 is as follows;

But before that the depreciation rate is

= 1 ÷ 5 × 2

= 40%

For the first year, the depreciation expense is

= $66,000 × 40%

= $26,400

Now for the 2019, the depreciation expense is

= ($66,000  - $26,400) × 40%

= $15,840

Now the accumulated depreciation is

= $26,400 + $15,840

= $42,240

6 0
3 years ago
Rector Company manufactures a line of lightweight running shoes. CEO Mark Rector estimated that the company would incur $2,500,0
Lera25 [3.4K]

Answer:

Allocated MOH= $2,450,000

Explanation:

Giving the following information:

The predetermined overhead rate is $10.00/DLH

Actual direct labor hours= 245,000 direct labor hours

We were provided with the predetermined overhead rate, we need to allocate overhead to the period based on actual direct labor hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 10*245,000

Allocated MOH= $2,450,000

6 0
3 years ago
Gourmet Pets is an innovative competitor in the billion-dollar pet food industry. In fact, two of its products, Kitty Sirloin an
miss Akunina [59]

Answer:

The answer is product differentiation.

Explanation:

The company faces no competition in this market segment so it plans to charge a high price for the product. The company currently markets McDog T-bone, Lapdog Lunchtreats, Rover's Potroast, and Puppy Porterhouse in the dog food market. Prime Cuts will be an addition to the company's __product differentiation.  _________ in the dog food market.

7 0
3 years ago
Complete the following sentences.
irina [24]

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

4 0
4 years ago
Other questions:
  • Hi, I'm 16 almost 17 next month and I'm getting a job at McDonald's. I am just curious about how much my first check will be if
    5·1 answer
  • Which of the following is a fixed expense for maria's sandwich food truck?
    5·1 answer
  • What is the tax court method of allocating rental property expenses?
    14·1 answer
  • Refer to lynn bernerd, inc. initially, the managers believed that ____ would be the best option for entering the foreign market.
    8·1 answer
  • 25 Points !!!!
    6·1 answer
  • The list below shows the closing costs on a home loan amount of $185,000. closing cost charge loan origination $275 title insura
    15·2 answers
  • What does attention to detail say about you as a leader?
    13·1 answer
  • An American student buys an airline ticket on the Royal Dutch Airlines, KLM. This enters the U.S. balance of payments accounts a
    11·1 answer
  • . Gross Domestic Product (GDP) can be defined as: I. The sum of all incomes while adjusting for indirect business taxes and fore
    8·1 answer
  • Taxpayers whose only unearned income consists of qualified dividends and capital gain distributions reported to them on form 109
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!