Explicit knowledge is
Knowledge that is codifiable. (that is, it can be written down and transferred without losing much of its richness)
The choice of <u>dedicating all the available resources to the production of only bagels</u> presents the lowest opportunity cost.
The expected profit per unit is the only data provided about the production process in the pastry shop. Therefore, those the two figures provided already contain information about the production costs of donuts and bagels, the market prices and the sold quantities, in order to deduce the profit that each product would generate.
In this situation, as the bagels make a higher profit per unit, the best option for the company would be chosing to dedicate all its resources to the production of bagels, because if not, when selling a donut the opportunity cost per unit of product would be 0.25, plus the things that the company will not be able to purchase that would have been possible if they had those extra 0.25 per unit.
Answer:
Utah
Explanation:
As Central Pacific laid tracks eastward, Union Pacific was working westward and the race to Promontory Summit, Utah, where they would eventually meet on May 10, 1869, was on.
They have a much smaller military and are abundant with resources and money, are notorious for trading with just about any country, and often avoid conflict when they can due to the archipelago-wide "island time" philosophy.
