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Vaselesa [24]
3 years ago
14

Juan works at Texas Burgers in El Paso and earns $8.00 per hour. His twin brother Felipe works in Mexico Burgers in Ciudad Juare

z just across the border and earns $3.00 per hour for exactly the same work. An economist looking at this situation sees:
A.an incentive for Felipe to cross the border to get a job and thus reduce the gap.
B. an incentive for Felipe to quit and find another job in Mexico.
C. the tendency of the rich to get richer and the poor to get poorer, widening the gap.
D. evidence that the law of one price has no support in the real world.
Business
1 answer:
Vesna [10]3 years ago
3 0

Answer:

A.an incentive for Felipe to cross the border to get a job and thus reduce the gap.

Explanation:

Economists are concerned with the efficient use of resources to achieve maximum benefits. Economics is about making choices that add the greatest value to society. An economist will consider the opportunity cost associated with an option before making a decision.

The wage rate in Texas, where Juan works is much higher compared to what Felipe earns. Felipe can gain more by offering his labor service in Texas, which is just across the border. Economists will consider the earnings per hour, and judge than Felipe will be better off working in Texas compared to Mexico.

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Jamie would like to identify the similarities and differences among seven different types of flowers. Jamie should use a Venn di
expeople1 [14]

Jamie cannot use the Venn diagram as the best compare and contrast graphic organizer for his project. Thus, The correct answer is False.

<h3>What is a Venn diagram?</h3>

Venn diagram is used to compare elements of the same type. This includes cross-sectional circles where you write features that do not include each element, as well as the common ones.

This type of diagram is recommended when comparing two or three elements because you need a circle or space for each element, so it is not possible to compare several elements.

Thus, it is a lie to say that Jamie should use the Venn diagram in his project, because he needs to compare seven types of flowers and this does not happen using the Venn diagram, instead he should use a chart or similar that allows him to compare multiple elements. The correct answer is False.

To learn more about the Venn diagram, refer to the link:

brainly.com/question/26090333

6 0
2 years ago
Consider a competitive market with a large number of identical firms. The firms in this market do not use any resources that are
lakkis [162]

Answer:

a. increase price in the short run but not in the long run.

Explanation:

A perfectly competitive market is one in which firms in an economy produce similar goods, and use resources that are limited in quantity.

An increase in demand will result in a corresponding increase in price, and results in firms making high profits. In the diagram below it results in a shift of demand from D1 to D2.

In the long run as firms have low barrier to entry more firms enter the market and supply shifts from S1 to S2. There is reduction in prices and profits start to fall. This is illustrated in the second diagram.

8 0
3 years ago
If Joe to Go decides that a joint venture has too much risk and franchising does not provide enough financial payoff, what strat
Temka [501]

<u>Answer:</u>

<em>It chooses (D) Direct investment exporting  strategy</em>

<em></em>

<u>Explanation:</u>

Countries in a few decades have made significant forward jumps towards a comprehensive domain, which has contributed incredibly to making worldwide business dealings free from restrictions. In the overall marvel of Globalization, outside direct speculation (FDI) is quickly turning into a significant factor in the commercial development of firms and nations.

For any firm to create and develop it needs to extend its exercises all around, and to accomplish that target; there are diverse market section modes accessible to the firm going from FDI.

5 0
3 years ago
Read 2 more answers
Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)
Mila [183]

Answer: Cost of Goods sold

Explanation:

Common size analysis refers to making all entries in the income statement, a percentage of sales for that year.

Current Year                                                      Prior Year

Sales                                      100%                           100%

Cost of Goods sold               75.7%                          46.5%

Gross Profit                            24.3%                          53.5%

Operating expenses             17.3%                             35%

Net Income                              7.0%                            18.5%

<em>Looking at the percentages above, one can see that the COGS increased the most from the previous year by going from 46.5% to 75.7% representing an increase of 29.2%.</em>

<em>This had the most impact on Net income as it substantially reduced Gross profit. </em>

8 0
3 years ago
Gusler Corporation makes one product and has provided the following information:
Gre4nikov [31]

Answer:

$807,500

Explanation:

First determine the cost per unit (U) as a function of cost of materials (M):

M = 2 * $2.00 = $4.00

And cost of labor and overhead (L):

L = 2.7*($20.00+$10.00)

L= $81.00

Total cost per unit is:

U = M + L = $4.00+ $81.00

U = $85.00

The estimate cost of goods sold for the month of May (C) is the product of the cost per unit by the number of units sold during the month (9,500):

C= $85.00*9,500

C= $807,500

Therefore, the estimated cost of goods sold for May is closest to $807,500

8 0
3 years ago
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