Without an abundance of natural resources, the US could never of have achieved industrialization at the pace or scope it did. United States of American will then have l<span>ess wealth, less industry, and slower growth. Thank you for posting. Hope it helps :)</span>
Answer:
The <u>financial </u>account summarizes international asset transactions having to do with the international purchases and sales of real assets
Answer:
The other criteria could be about the expected delay that is acceptable to customer in the processing time of the server.
Explanation:
If the customers are ready to accept a certain delay then it can help making the decision whether to keep the server permanently on, as it consumes high power.
Also if it is not used all the time then keeping it on all the time would be wastage of resources.
Thus, the scheduling of the expected time at which they use, and the acceptable delay would provide a proper criteria for this.
Answer:
1 bushel of corn
Explanation: Opportunity cost may be explained as the potential loss incurred by opting to go for an alternative option.
If it takes 2 acres of land to grow 200 bushels of corn
4 acres of land to grow 200 bushels of beans, then opportunity cost of one bushel of beans is:
Opportunity cost = (Return on best option not chosen - return on the option chosen)
Opportunity cost of one bushel of beans :
200 bushel of corn = 2 acres
I bushel of corn = (2/200) = 0.01 acres
200 bushel of beans = 4 acres
1 bushel of beans = (4/200) = 0.02 acres
0.02 acres used to grow 1 bushel of beans would have been used to produce 2 bushel of corn
Therefore opportunity cost = (2 - 1) = 1
Answer:
price of goods is 0.9 times of the price of services
Explanation:
Data
Goods sell = 80%
Services sell = 72%
Equilibrium prices = ???
Solution
In order to find equilibrium prices we need to develop an equation for that
Let's denote
Goods = x
Services = y
Goods sold = 80% of x = 0.8x
Services sold = 72% o y = 0.72y
Equation: 0.8x = 0.72y
Let's solve the equation furthermore
x = 
y
x = 0.9y
Hence the price of goods is 0.9 times of the price of services
