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2 years ago

The menu in a franchise restaurant differs from that of an independently owned restaurant in which of the following ways

1 answer:

7 0

The menu in a franchise restaurant differs from that of an independently owned restaurant in which of the following ways? A menu in a franchise restaurant is normally the same in all of the franchise establishments. When a restaurant is independently owned their menu can be as diverse as they want, it can change all of the time without corporate approval and can serve what's in season much easier. Though franchise menu's may differ based on region, all within a set area are typically the same.

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Suppose that without specialization, Iran produces 4 barrels of oil and 6 bottles of olive oil, and Iraq produces 4 barrels of o

Elza [17]

Answer:

With specialization Iran will be able to consume 1.7 bottles of olive oil.

Explanation:

Iran produces 4 barrels of oil and 6 bottles of olive oil.

Iraq produces 4 barrels of oil and 4 bottles of olive oil.

The opportunity cost of producing a barrel of oil for Iran

= $\frac{6}{4}$

= 1.5

The opportunity cost of producing a barrel of oil for Iraq

= $\frac{4}{4}$

= 1

Iraq has a lower opportunity cost for producing oil so we can say it has a comparative advantage in producing oil.

The opportunity cost of producing a barrel of olive oil for Iran

= $\frac{4}{6}$

= 0.66

The opportunity cost of producing a barrel of olive oil for Iraq

= $\frac{4}{4}$

= 1

Iran has a lower opportunity cost for producing olive oil so we can say it has a comparative advantage in producing it.

The terms of trade with specialization are 4 barrels of oil for 4.3 bottles of olive oil, and that 4 barrels of oil are indeed traded for 4.3 bottles of olive oil.

Without trade, Iran is consuming 4 barrels of oil and 6 bottles of olive oil.

With specialization, Iran will be able to consume

= 6 - 4.3

= 1.7 bottles of olive oil

6 0

3 years ago

Ruth Company produces 1,000 units of a necessary component with the following costs: Direct Materials $34,000 Direct Labor 15,00

Snowcat [4.5K]

Answer:

Option B is correct

The maximum price to be paid is = $64000

Explanation:

To determine the the maximum price we would compute using the relevant costs of internal production.

The maximum price to be paid to external supplier should be the total relevant costs associated with internal production.

Total relevant cost of internal production = 34,000 + 15,000 +9000 + 6000

The maximum price to be paid is = $64000

Note that the fixed overhead of $6000 is associated with the internal production the balance of 4,000 is irrelevant and would be incurred either way.

4 0

2 years ago

Which of the following is a critical dilemma when implementing fiscal policy in reference to timing lags?

Pepsi [2]

Answer: Option C

Explanation: In simple words, critical dilemma refers to the confusions and problems that may arise and are pretty hard to solve.

While implementing fiscal policies in an economy the authorities must have proper information however the information takes time and cost to get collected and processed.

This situation is called information lag and is a critical dilemma as the individuals in authority have to decide whether to go for information processing and collecting or not.

8 0

2 years ago

When assessing whether product release deadlines were met during the first three months of the year, the quality assurance (QA)

Amanda [17]

B because I believe I did this before

8 0

2 years ago

2-a. Refer to the original data. How much will net operating income increase (decrease) per month if the company uses higher-qua

Vadim26 [7]

The original data is :

Data for Hermann Corporation

Per unit Percent of sales

Selling price $ 75 100%

Variable expenses 51 68

Contribution margin $ 24 32%

The fixed expenses are $ 75,000 per month and the company is selling 4000 units per month.

Solution :

Present Proposed

Sales 300000 375000

Less : Variable cost 204000 275000

Contribution margin 96000 100000

Less : Fixed expenses 75000 75000

Net income 21000 25000

The net operating income : Increases 4000

Net operating income = increased sales Net income - current sales net income.

Therefore the higher quality component should be used.

8 0

2 years ago