Answer: 1.67 yards of textiles
Explanation:
The country can either produce 10 yards of textiles or 6 pounds of food. Opportunity cost of producing one additional unit of food instead of textiles will therefore be;
= 10/6
= 1.67 yards of textiles
<em>This shows that for every pound of food produced, 1.67 yards of textiles are foregone. </em>
What are the two most important variables for determining resource allocation?
Answer:
Location and Time
Answer:
Payback period = 3.5 years
Explanation:
Net income $50,000.00
Add: Depreciation expense<u> $42,000.00</u>
Net annual cash inflow <u> $92,000.00</u>
Payback period = Initial investment / Annual cash inflows
= $324,000 / $92,000
= 3.5 years
Chocolate chip cookies- a little gooey when warm
dodgers-delightfully sweet and full of filling
to name a few...
Base on the given situation above, if there is a presence of
stricter quota such as with the 30,000 tons of apricots to be provided and was
imposed on a market, it is expected that quantity demand and the imports in the
market to decrease even if the domestic quantity and price that has been
provided will increase.
