Answer: higher
No comparative advantage
Explanation:
For tom -
The opportunity cost for making dishes : 4 / 16 = 0.25
The opportunity cost for making fences : 16 / 4 = 4
For Jerry :
The opportunity cost for making dishes = 7 / 14 = 0.5
The opportunity cost for making fences : 14 / 7 = 2
Comparative advantage in the production of a good or service occurs when a person/ country has lower opportunity cost in the production of a good or service.
Opportunity cost is the cost of giving up one activity in order to carry out another activity.
Opoortunty cost = activity sacrificed/ activity carried out.
In the production of fence, Tom has a higher opportunity cost (4) when compared to jerry (2) in the production of fence.
365000 - 165000 = $215,000
This gives you the Orlando sales.
215000 x 1.27 (27%) gives you the contribution margin for Orlando store
Answer is : $273,050
Answer:
b) not likely to have jurisdiction over the case because QuickAds is based in Georgia.
Explanation:
The Alabama court only has jurisdiction in actions that were performed within the boundary of the state of Alabama. Although David is a resident of Alabama, his law suit is likely due to actions carried out in Georgia where QuickAds the internet company is based.
Also QuickAds only contact with persons in Alabama has been through QuickAds passive advertising.
In this scenario the case can be tried in federal court because it can handle cases across state borders.
Answer:
Explanation:
a. In a regression equation expressed as y= a + bx, how is the letter b best described?
Here, b is the slope and best described as the estimate of the cost when there's a visit of an additional customer.
b. How is the letter y in the regression equation best described?
The letter y is the observed store cost for that particular month.
c. How is the letter x in the regression equation best described?
The letter x is the observed customer visit for that particular month.
d. Based on the data derived from the regression analysis, what are the estimated costs for 370 customer-visits in a month?
The estimated cost for 370 customer visit will be:
Y = a + bx
where,
a =$1496
b = $2.08
x = 370 customer visit
Y = $1496 + ($2.08 × 370 customer visit)
= $1496 + $769.6
= $2265.6
e. What is the percent of the total variance that can be explained by the regression equation?
The percent of total variance which the regression equation explain will be:
R2 = 0.86814 or 86.814%
Answer:
The price will the state bonds sell would be $951.46
Explanation:
In order to calculate the price will the state bonds sell we would have to make the following calculation:
price will the state bonds sell=price to be converted/(1+interest rate)∧n
According to given data we have the following:
price to be converted=can be converted to $1,000 at maturity date of five year from purchase
interest rate=1%
n=5
Therefore, price will the state bonds sell=$1,000/(1+1%)^5
price will the state bonds sell=$951.46
The price will the state bonds sell would be $951.46