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IrinaK [193]
3 years ago
8

Mike and Sandy are two woodworkers who both make tables and chairs. In one month, Mike can make 4 tables or 20 chairs, where San

dy can make 6 tables or 18 chairs. Given this, we know that the opportunity cost of 1 chair is:_________a.1/5 table for Mike and 1/3 table for Sandyb. 1/5 table for Mike and 3 tables for Sandyc-.5 tables for Mike and 1/3 table for Sandyd. 5 tables for Mike and 3 tables for Sandy
Business
2 answers:
leva [86]3 years ago
8 0

Answer:

B

Explanation:

zzz [600]3 years ago
4 0

Answer:

Option (a) is correct.

Explanation:

Mike can make 4 tables or 20 chairs:

Opportunity cost of producing 1 chair = 4 ÷ 20

                                                              = 0.2

Sandy can make 6 tables or 18 chairs:

Opportunity cost of producing 1 chair = 6 ÷ 18

                                                              = 0.33

Therefore,

Mike has the comparative advantage in producing chair because he has the lower opportunity cost as compared to Sandy.

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​DeShawn's Detailing is a service that details cars at the​ customers' homes or places of work.​ DeShawn's cost for a basic deta
tensa zangetsu [6.8K]

Answer:

DeShawn not take offer engine detailing service

Explanation:

given data

cost = $40

charges = $75

total price = $90

additional charges = $20

to find out

Should DeShawn continue offer

solution

we know here De shawn marginal benefit is

marginal benefit = total price - charges

marginal benefit = 90 - 75

marginal benefit = $15

and

we have given additional charges is $20

so

we see marginal cost here less than the marginal revenue

so DeShawn not take offer engine detailing service

8 0
3 years ago
Which of the following is the most common type of business in the US?
Snezhnost [94]
There is no following, you didn’t supply the choices.

Step to step answers
3 0
3 years ago
Select the correct statement regarding the contribution margin ratio. Multiple Choice The contribution margin ratio equals contr
Art [367]

Answer:

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

Explanation:

Contribution margin ratio = \frac{Contribution\:per\:unit}{Selling\:price\:per\:unit}

This can even be done by \frac{Total\:Contribution\:}{Total\:Sales}

This will calculate contribution as a percentage of Sales, with this margin ratio we get break even sales value, and not the units.

Whenever there is an increase in variable cost it decreases the contribution.

Therefore, correct statement is

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

8 0
3 years ago
Describe a real or made up but realistic example of a time when you might apply for a loan.
kicyunya [14]
Well people apply for loans when they need money for a certain goal. Like in the movie fantastic beasts and where to find them in the first part they are at a bank. The guy in their tries to get a loan so he can start a company as an entrepreneur. He wants to be able to own his own bakery so he could make cookies cakes and several other designs. Another reason people get loans is when their business is failing. Like the macys owner in the Florida Oviedo town mall took a few loans to help start up the company and pay to own the store their.  But it recently closed. Those are two examples of when people took a loan to either start or continue a buisness when money was short.
3 0
3 years ago
Suppose that Larimer Company sells a product for $24. Unit costs are as follows:
MrMuchimi

Answer:

Unitary variable cost= $8.08

Contribution margin= $15.92

Explanation:

Giving the following information:

Direct materials $4.98

Direct labor 2.10

Variable factory overhead 1.00

The variable cost per unit is the sum of direct material, direct labor, and variable overhead.

Unitary variable cost= 4.98 + 2.1 + 1= $8.08

The contribution margin per unit is the difference between the selling price and the unitary variable cost:

Contribution margin= 24 - 8.08= $15.92

6 0
3 years ago
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