If their father Dave allows them to trade chores to achieve gains from trade then "Henry will clean bath tubs; Rose will wash the windows".
<u>Option: C</u>
<u>Explanation:</u>
In this scenario Henry is washing 20 windows or 2 bath tabs in an hour, which showcase his average washing of 10 windows over 1 bath tab in half hour. While here Rose is washing 30 windows or 1 bath tab in an hour by giving average of 15 windows over half bath tab in half hour, which is less than Henry's average of washing.
Thus on considering the above average of work performed by Henry and Rose in equal amount of given time for work, Henry is more prominent to be specialized in cleaning bath tubs while Rose will more expert in washing windows because she is cleaning more windows than Henry in same on hour of time.
Answer:
For 8,500 units, proposal A provides a higher income ($3,000).
Explanation:
Giving the following information:
Proposal A:
Fixed cost= $50,000
Unitary cost= $12
Proposal B:
Fixed cost= $70,000
Unitary cost= $10
<u>We need to choose the proposal with the higher income if 8,500 units are produced.</u>
Proposal A:
Net income= 8,500*(20 - 12) - 50,000
Net income= $18,000
Proposal B:
Net income= 8,500*(20 - 10) - 70,000
Net income= $15,000
For 8,500 units, proposal A provides a higher income ($3,000).
Answer:
The 4 main component of Business studies are,
- Finance
- Accounting
- Marketing
- Organizational Studies
Explanation:
Finance concerns with managing the money and the wealth of the organization so it could grow in the future.
Accounting is the function that records, controls and interprets the financial performance of an organization.
Marketing deal with the market that the company operates in, to enable the organization to adapt according to the current market status and customer needs.
Organizational studies the different aspect of organization, how to form them, control them, maintain them, different structure, etc.. Also, it concerns about the functions of a manager in an organization. Such as planning, leading and controlling.
Answer:
A. 0.2
B. 0.5, 0.25
Explanation:
Q = 10-2p+2
We take like terms
Q= 10+2-2p
= 12-2p
A. If p = 1 dollar
12-2(1)
Q = 10
Price elasticity would be change in quantity divided by the change in price = -2
-2 x p/q
= -2x1/10
= 0.2
Price elasticity of demand is 0.2
B. P = 2 dollars
Q= 10-2x2+2
= 10-4+2
= 8
Price elasticity
= -2x2/8
= 0.5
Cross elasticity
= 1x2/8
= 0.25
