1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oduvanchick [21]
3 years ago
13

Consider the following two countries. Assume they produce only these two goods. Note that productivity is now measured in how ma

ny goods can be produced per hour, the opposite of how we measured. U.S. Japan Cars 12 10
Computers 4 6A. What is U.S’ opportunity cost of making cars?
B. What is Japan’s opportunity cost of making cars?
Business
1 answer:
Ainat [17]3 years ago
5 0

Answer:

A. 1/3 computers

B. 0.6 computers

Explanation:

A. The opportunity cost incurred by the US to make cars is the number of computers it would have to give up to make a car.

The US can either make 12 cars or 4 computers. For every car made therefore the US forgoes;

= 4/12

= 1/3 computers.

B. The same logic applies to Japan. They can either make 10 cars or 6 computers.

Their opportunity cost for cars is therefore;

= 6/10

= 0.6 computers

You might be interested in
Better Publications sold annual subscriptions to their magazine for $42,000 in December, 2016. The magazine is published monthly
Amanda [17]

Explanation:

The adjusting entry is as follows

On January 31

Unearned revenue A/c Dr $3,500

     To Magazine subscription  revenue A/c $3,500

(Being the unearned revenue is recorded)

The computation is shown below:

= Sale value of annual subscriptions ÷ total number of months in a year

= $42,000 ÷ 12 months

= $3,500

7 0
3 years ago
A ________ management system often consists of modules such as budget planning, debt management, travel and expense management,
sergejj [24]

Answer:

Financial

Explanation:

Financial management refers to managing an organization or program's resources to meet it's goals and objectives as quickly as possible by making use of resources to carry out planned activities. A financial management system is the approach employed by an organization to govern its income, expenses and assets with the sole purpose of attaining sustability.

8 0
3 years ago
Which of the following activities are typically included in a project kick-off meeting? ​
ASHA 777 [7]

Answer:

b. The project manager outlines the project goals

Explanation:

As the name suggests, a project kick off meeting refers to the first and foremost meeting between project manager and his team and the clients of a project when commencing a new project.

The purpose behind such a meeting is to familiarize the project team, make them better understand the project and it's requirements and agreeing upon a plan of work together to accomplish the task.

Following steps would be noteworthy for conducting an effective project kick off meeting:

  • The project manager prepares his team and outlines and conveys the project goals to the team members and how they are to be attained.
  • Beginning the project client relationship on a good note and gaining client's support.
  • Putting one's best efforts with a systematic planned approach for the project kick off client meeting.

7 0
3 years ago
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses
Mice21 [21]

Answer:

Total product cost= $169,000

Explanation:

<u>The product cost is calculated using the direct material, direct labor, and manufacturing overhead:</u>

<u></u>

Direct materials $ 79,000

Direct labor $ 40,000

Variable manufacturing overhead $ 19,000

Fixed manufacturing overhead 31,000

Total product cost= $169,000

7 0
3 years ago
If the firm is at point D and decides to increase the production of bike tires by 300 units, the opportunity cost will be truck
earnstyle [38]

In a situation where the firm is at point D and an increase the production of bike tires by 300 units, the opportunity cost will be <u>200 truck tires.</u>

When the firm is at point B and decides to increase the production of truck tires by 400 units, in this case, the opportunity cost will be<u> 500 bike tires.</u>

Opportunity cost simply means the potential benefit that an economic entity loses when it engages in another activity.

Learn more about opportunity cost on:

brainly.com/question/481029

4 0
2 years ago
Other questions:
  • Red Rock Bakery purchases land, building, and equipment for a single purchase price of $260,000. However, the estimated fair val
    9·1 answer
  • The annual interest earned on an amount deposited into a bank account will be the same each year when compound interest is used.
    13·1 answer
  • In the open-economy macroeconomic model, other things the same, which of the following combinations make the exchange rate fall?
    5·1 answer
  • Bearcat Construction begins operations in March and has the following transactions.
    14·1 answer
  • Simon Corporation manufactures hydraulic valves. The product life of a valve is 4 years. Target average profit margin for Simon
    6·1 answer
  • X Co. issued 7% bonds with a face value of $200,000. At time of issue, the market interest rate for similar bonds was 8%. The bo
    7·1 answer
  • An interactive, Internet-enabled system that allows individual customers to design their own products by answering a few questio
    7·1 answer
  • George operates a business that generated revenues from services of $50 million in 2019 and reported deductible expenses other t
    12·1 answer
  • Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goa
    12·1 answer
  • Plz solve its timed!!!
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!