Answer:
both Sue and Tessa gain 0.3; 0.50
Explanation:
Sue's production possibilities frontier:
Sue's opportunity cost:
- opportunity cost of producing caps = 21 / 70 = 0.3 jackets
- opportunity cost of producing jackets = 70/21 = 3.33 caps
Tessa's production possibilities frontier:
Tessa's opportunity cost:
- opportunity cost of producing caps = 25 / 50 = 0.5 jackets
- opportunity cost of producing jackets = 50/25 = 2 caps
Sue should produce caps and Tessa jackets:
total production = 70 caps (Sue) + 25 jackets (Tessa), if they trade they will both win because each specialized in producing the good in which they have a comparative advantage (lower opportunity costs). If Sue traded and received 21 jackets, she would still have 28 caps left. If Tessa traded and received 50 caps, she would still have 10 jackets left.
<span> a decrease in investment risk.</span>
Answer:
Inventory at the end of march will be 150
Explanation:
We have given inventory at the end of April = 200 units
Expected demand during April = 50 units
Production expected during April = 100 units
We have to find the inventory at the end of march
Inventory at the end of April is given by
Inventory at the end of April = production in april - demand in april + inventory of march
So 200 = 100 - 50 + inventory of march
So inventory of march = 150
Answer:
Identifying alternative course of action
Explanation:
In this scenario Sophia made an initial financial plan in which she would travel around the world.
As she gets tired of this line of action she can identify other activities that will better suit her. So when she decides to go home, look for a part time job, and take shorter trips to locations around the world that appeal to her. She is identifying alternative course of action.
This new action will eventually have financial implications when implemented. In this case coming home and making only short trips will save her more money. She will also get money from her job.
I think the answer is A. I THINK the answer is A
