Answer:
a) attached below
b) Wheat production
c) Yes there is a possible trade that benefits both countries
d) attached below
Explanation:
Opportunity cost can be expressed as
= Value/cost of alternative / value/cost of chosen alternative
<u>a) Draw each country's production possibility curve </u>
attached below
b) United state have a comparative advantage in Wheat production because of lower opportunity cost
c) The possible trade that would benefit both countries is when both countries trade on goods that they have lower comparative opportunity cost
i.e. Japan producing just Bolt cloths while United states produce Wheat alone
d) combined production possibility curve
<em>attached below</em>
According to the Truth in Lending Act, which of the following is the bank NOT obligated to inform you of?
Answer: Out of all the options presented above the one that represents what banks are not obligated to inform you of is answer choice B) Interest calculating method. The reason being that the TILA does not tell financial institutions how much interest they may charge or whether they must grant a consumer a loan.
I hope it helps, Regards.
Answer:
Estimated manufacturing overhead rate= $1.2 per direct labor dollar
Explanation:
<u>First, we need to determine the allocated overhead:</u>
Allocated overhead= 3,000 - 800 - 1,000
Allocated overhead= $1,200
<u>Now, by using the following formula we can calculate the predetermined overhead rate:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
1,200 = Estimated manufacturing overhead rate*1,000
1,200 / 1,000= Estimated manufacturing overhead rate
Estimated manufacturing overhead rate= $1.2 per direct labor dollar
Answer:
It gives u a motive to do something
Explanation:
Like sometimes work places give incentives like a raise if you do your job better
The federal law that prohibits credit card issuers from sending unrequested cards is Truth in Lending Act.