Answer and Explanation:
The complementary goods are those goods which are used together while on the other hand the substitute goods are those goods that are used in place of one another
Based on this, the classification is as follows
1. Complementary goods
2. Substitute goods
3. Substitute goods
The above represents the classifications
Based on my own opinion, i will say that From the "Boeing" mini-case in the Hill & Hult textbook, I do think that Boeing's most recent decision to rethink its outsourcing strategy is correct.
<h3>Why did Boeing restructure and outsource the project operations?</h3>
The reason for the outsource is so that they can lower the costs and and the time spent on development.
Note that Boeing was known to have created about 787 through the use of a system that is said to be an unconventional three-tier supply chain.
Note that The implementation of this was said to have led to a substantial increase in outsourcing.
Hence, Based on my own opinion, i will say that From the "Boeing" mini-case in the Hill & Hult textbook, I do think that Boeing's most recent decision to rethink its outsourcing strategy is correct.
Learn more about mini-case from
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Answer:
1. to make money to pay bills.
2. to sopport your family.
3. to so responce abilaty.
sorry I can't think of a fourth one.
Answer:
a. harmony will produce chicken and singsong will catch fish.
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.
In singsong: 1f = 2c
The opportunity cost of producing 1 fish = 2c / 1 = 2c
The opportunity cost of producing 1 chicken = 1f / 2 = 0.5f
In harmony: 1f = 4c
The opportunity cost of producing 1 fish = 4c / 1 = 4c
The opportunity cost of producing 1 chicken = 1f / 4 = 0.25f
It can be seen that singsong has a lower opportunity cost in producing fish, so it should specialise in fish.
Harmony has a comparative advantage in producing chicken, so it should specialise in chicken.
I hope my answer helps you
Likely yearly cost based on the above information and no other expenses is $4,800
