QUESTION:
The table below depict the production possibilities frontiers (PPFs) for two people who can allocate the same amount of time between making pizzas and making stromboli. Refer to this table to answer questions 3-4.
Bo Kenzi
Pizza Stromboli Pizza Stromboli
25 50 40 20
Answer: A - Bo has a comparative advantage in the production of stromboli because her opportunity cost is lower.
Explanation:Production possibilities frontiers (PPFs) indicates the maximum output combinations of two goods or services an economy can achieve by fully using all available resources efficiently.
This means that, if more of product A is produced, less of product B can be produced given that the resources and production technology remain constant.
Looking at the question above, Bo has a competitive advantage as Bo produces more of both pizza and stromboli than kenzi.
Answer:
2.look at explanation.
Explanation:
2.Profession refers to type of a job that needs special training or skill after getting certain knowledge related to particular Sector
Answer:
Explanation:
a. Raw material needed to make one unit
Alpha = 25/5 = 5 Pound
beta = 10/5 = 2 Pound
b. Contribution margin per pound
Alpha Beta
Selling price 130 90
Direct material 25 10
Direct labor 22 21
Variable manufacturing overhead 17 7
Variable selling expenses 14 10
Contribution margin per unit 52 42
pound per unit 5 2
Contribution pound per pound 10.4 21
c. product mix
Pound Unit
Beta 62000*2 = 124000 62000
Alpha 38000 38000/5 = 7600
Total 162000
d. Maximum contribution margin = (62000*42+7600*52) = $2999200
e. Highest price = 10.4+5 = 15.40 per pound
Answer:
Hence, the quote that should be listed in the newspaper is 102.024
Explanation:
The computation of the quote that should be listed in the newspaper is shown below:
Quote would be listed is
= $10,275 ÷ $10,000 × 100
= 102.75
= 102 : 0.75 × 32
= 102.024
Hence, the quote that should be listed in the newspaper is 102.024
hence, the same is to be considered by taking all the information given in the question