Answer and Explanation:
a. The crabs are a Common Good. They means can run out of supply if their use gets too much by society. Therefore, the decline of the Alaska king crab fishery can be explained by stating that the plenty types of boats such as those from California and Japan, has caused people to overfish, excessive fishing has brought about a decline in the supply of crabs.
b. There are 2 ways to avoid this
1. fishing permits have to be sold to the fishermen coming to fish for the crabs. Then the persons with the highest willingness to pay will come and buy the permits to fish.
2. Issuing just a particular amount of permits this would cause the fishermen to trade these permits. These open-market strategies have proved to be effective in organizing economic activity and are good stimulators in an economy.
c. They have been successful because regulations have been placed on fishing by the government. Also, if there are restrictions on other countries using up their spots and Canadians are the only ones fishing salmon, then there will be reduction in the decay rate of the population of the salmon, the salmon can easily repopulate, then Canadians would be able to come back the next year to fish again..
Answer:
$31.00
Explanation:
Calculation to determine what The total standard cost of Vaughn's product is
Using this formula
Total standard cost of product=(Material Standard rate per pound × pounds of material) + (Labor standard rate per hour × labor hours) + (Standard overhead rate x labor hours)
Let plug in the formula
Total standard cost of product=[($4 × 5) + ($5 × 1.0)]+ ($6 × 1.0)
Total standard cost of product=($20+$5)+$6
Total standard cost of product= $25.00 +$6
Total standard cost of product= $31.00
Therefore The total standard cost of Vaughn's product is $31.00
Answer:
a) Identify which project should the company accept based on NPV method.
- Project 2 has a higher NPV = $98,960
b) Identify which project should the company accept based on simple pay back method if the payback criteria is maximum 2 years.
- Project 2 has a shorter payback period = 2 years and 5 months
c) Which project Giant Machinery should choose if two methods are in conflict.
- If two projects are in conflict, then you must choose the project based on their NPV.
Explanation:
Project 1 Project 2
Cost $175, 000 $185 ,000
Future Cash Flows
Year 1 $76,000 $83,000
Year 2 $67,000 $65,000
Year 3 $55,000 $87,000
Year 4 $78,000 $69,000
Year 5 $65,000 $57,000
NPV:
Project 1 = -175000 + 76000/1.09 + 67000/1.09² + 55000/1.09³ + 78000/1.09⁴ + 65000/1.09⁵ = $91,090
Project 2 = -185000 + 83000/1.09 + 65000/1.09² + 87000/1.09³ + 69000/1.09⁴ + 57000/1.09⁵ = $98,960
Payback:
Project 1 = -175000 - 76000 - 67000 = 32000 after 2 years, then 32000 / 55000 = 7 months
Project 2 = -185000 - 83000 - 65000 = 37000 after 2 years, then 37000 / 87000 = 5 months
Too put it simply, international trade is an act of exchanging economic products through the activities called imports ( buying a product from other country) and export (selling product to another country).
The amount of total import and export will affect the Balance of trade of the country, which is a difference of the amount of that country's import and export
in an international trade some countries can produce a specific product more efficiently than other products in that country , which called and comparative advantage, and more efficiently than other countries, which called absolute advantages
<span>hope this helps</span>
Answer:
Results are below.
Explanation:
Giving the following information:
You have an investment that will pay you .67 percent per month.
Interest rate= 0.67/100= 0.0067
We need to use the following formula:
FV= PV*(1+i)^n
<u>In one year, we will have:</u>
FV= 1*(1.0067^12)
FV= $1.08
I<u>n two years:</u>
FV= 1*(1.0067^24)
FV= $1.17
