Answer:
a) see attached image
b) Atlantis's opportunity cost of producing one helmet = 200 / 100 = 2 baseballs
c and d) Atlantis's opportunity cost of producing one baseball = 100 / 200 = 0.5 helmets
Zanadu's opportunity cost of producing one baseball = 100 / 400 = 0.25 helmets ⇒ Zanadu has a comparative and absolute advantage in the production of baseballs
e) yes, Atlantis would produce 100 helmets, and if it trades 50 to Zanadu, it will get 150 baseballs in return. So it will gain from trade. If Zanadu produces 400 baseballs and trades 150 of them for 50 helmets, it will also benefit.
Explanation:
According to vifredo pareto, these three factors would be referred to as 80/20 rule. 80% of the problems come from 20% of the workers
The factor of increase in the money supply that occurs with each dollar of increase in reserves is called money multiplier.
<h3>What is money multiplier?</h3>
Money multiplier determines how much money would increase when there is a change in the reserves. The money multiplier is a function of the reserve requirement. The reserve requirement is the percentage of deposits that must be kept as reserves with the Central Bank.
Money multiplier = 1 / reserve requirement
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Hi!
The day of the week a golf course is mostly likely to be closed on is Monday. =)
In conducting business, a firm and its owners have the right not to be subjected to politically correct statements.
Businesses should be run ethically for many reasons. To maintain a good reputation. Retain existing customers and attract new ones. to avoid litigation. Reduce employee turnover. To avoid government interference. To please customers, employees, and society.
Business ethics is nothing but the application of ethics in business. Business ethics is the application of general ethics to business conduct. Ethical business conduct promotes and promotes the well-being of society, improves profitability, and enhances business relationships and employee productivity.
Social responsibility programs increase employee morale, lead to increased productivity, and impact company profitability. Companies that implement social responsibility initiatives can increase customer retention and loyalty.
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