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bazaltina [42]
2 years ago
5

The two toy store owners agree to specialize and to trade 30 puzzles for 10 puppets. the terms of trade are still 3 puzzles for

each puppet. after they complete their trade, geppetto will have puzzles and puppets and lewis will have puzzles and puppets.
Business
1 answer:
jonny [76]2 years ago
3 0

Answer:

jhgfj

Explanation:

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If the best surgeon in town is also the best at cleaning swimming pools, then according to economic reasoning, this person shoul
dedylja [7]

Answer:

specialize in being a surgeon because its opportunity cost is lower.

Explanation:

Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Assuming the best surgeon in town is considered to be the best at cleaning swimming pools, then from an economic perspective and reasoning, this person should specialize in being a surgeon because its opportunity cost is lower.

This ultimately implies that, the benefits, profits or value associated with cleaning swimming pools i(alternative forgone) is lower compared to what is obtainable from being a surgeon.

4 0
3 years ago
Describe three issues that might arise from failure to comply with quality control standards.
Evgen [1.6K]

Loose valuable customers

Loose the trust of the people

The business might run a loss

6 0
3 years ago
Read 2 more answers
Imagine that the U.S. Congress, recognizing the importance of being well dressed, started giveing preferential tax treatment to
andrezito [222]

Answer:

Part a.

If the Congress of country U to clothing insurance gives a preferential tax treatment, and the insurance company agrees to pay 80% of the clothing expenses and the tax subsidizes the insurance premium, it will result in increase in the consumption of clothes, because people will buy clothes as if they were free.

With this change in behavior there will be decline in economic efficiency because purchasing of formal and expensive clothing is not done on a regular basis, with clothing insurance people will buy less costly daily wear clothes at subsidized rates or for free and the price of clothes will decrease.

Part b.

People who can pay for the 20% remaining cost of clothes will buy insurance clothing and those who can pay the premium. Moreover, the rich will over consume than the poor because they are the ones who will give more importance to good clothing.

Part c.

If a person spends $2000 on clothing the clothing, insurance cost will be more than $2000 because higher the probability of claim higher will be the premium charged by the insurance company.

Part d.  

This is not a good idea by the Congress of country U because good clothing is something every person would like to have. Like in health insurance, people should be insured for big life threatening health issues and for minor health issues people should pay out of their pockets, because people take health insurance benefits for minor health issues since health is more or less free in the COUNTRY U. The high premium costs and high prices are completely ignored.

7 0
2 years ago
In May direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $120,600 and the direct material
Mila [183]

Answer:

direct labor= $80,400

Explanation:

Giving the following information:

In May direct labor was 40% of conversion cost. The manufacturing overhead for the month was $120,600.

<u>The conversion costs are the sum of direct labor and manufacturing overhead.</u>

Conversion costs= 120,600/0.6= 201,000

direct labor= 210,000*0.4= 80,400

5 0
2 years ago
A company's defined benefit pension plan had a PBO of $265,000 on January 1, 2018. During 2018, pension benefits paid were $40,0
anastassius [24]

Answer:

$331,500

Explanation:

The computation of the ending balance of the pension benefit obligation is shown below:

= Opening balance of PBO + service cost + interest cost - pension benefits

= $265,000 + $80,000 + $26,500 - $40,000

= $331,500

The computation of the interest cost is shown below:

= Opening balance of PBO × discount rate

= $265,000 × 10%

= $26,500

The increased value of the plan assets would be ignored.

4 0
3 years ago
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