Answer:
Ten pounds of chicken to trade for at least <u>40</u> pounds of vegetables but not more than<u> 50</u> pounds of vegetables
Explanation:
Vegetables Chicken Trade Off Ratio
John 40 10 4:1 (40/10) or 1:0.25 (10/40)
George 25 5 5:1 (25/5) or 1:0.20 (5/25)
John has comparative advantage in Chicken and George has comparative advantage in Veggies because :
- John's chicken opportunity cost, in veggies < George (4<5). George's veggies opportunity cost, in chicken < John (0.20<0.25).
- George is more (5X) productive in veggies than chicken, than John (4X). John is less unproductive in chicken than veggies (1/4th), compared to George (1/5th).
So, John will sell Chicken to George & George will sell veggies to John. Gains from trade are when each get trade ratio better than their their own trade off ratio.
- It implies: John gets >' 4 pounds veggies per chicken pound' and George gets > '0.20 pound chicken per veggie pound'.
- Unitary method:- '1chicken : 4veggies' = '10chickens : 40veggies' and '0.20chicken : 1veggie' = '10chickens : 50 veggies' .
Answer:
The question is missing some figures which can be seen from the attached image.
Petty cash is a fund set aside in the office to pay minor day to day expenses incurred.Usually, an amount is made available at the beginning of period called float,from which expenses can be paid and the amount equal to spend is reimbursed at the end of the month.
In order, to make payment even more easier,some businesses take up credit cards from financial institutions,from which expenses can be paid on account.
The balance of $415 means in petty fund,implies that $85 spent needs to be replenished at month end and that the remaining expenses were paid with credit card.
Explanation:
Find in the attached spreadsheet the entries posted in respect of petty cash and credit card expenses in the month.
Answer:
The broker is doing two different jobs; so it is okay to have two different licenses.
Explanation:
In this case, since the broker is doing two different jobs then it is okay for him to have two different licenses. In a hypothetical case that the individual Broker was doing the same job role for two different companies then that would be considered a form of conflict of interest and may cause problems with both firms in the future. Since this is not the case, then he should not have any problem.
Answer:
Yes, sales have increased as a result of the advertising campaign.
Explanation:
Find attached the explanation.
Note: I had to convert the explanation into both jpeg and files (both contains the same answer) when the answer box kept on rejecting my answer claiming it contains swear words when it does not.
Answer:
d.regardless of what Ocean knew or could have discovered.
Explanation:
The uniform commercial code are a set of rules that govern transactions involving sale of goods. One of such rules is the implied warranty of merchantability.
When goods are sold there is an implied warranty that the item will perform up to a particular level.
For example if one buys a television not is expected that the television will work. If it does not come on, implied warranty has been breached.
So in this case regardless of what Ocean knew or could have discovered, selling defective goods is a breach of implied warranty of merchantability.
