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Alja [10]
3 years ago
14

MICROECONOMICS Assignment. ANYONE WHO CAN COMPLETE THIS OR HELP ME WITH HOW TO DO IT ON MY OWN. It would be greatly appreciated.

Business
1 answer:
Vinil7 [7]3 years ago
4 0

So this question is too complicated for a forum like this to answer all parts.

I can help with a few of the first ones.

A. To figure opportunity costs, you find the ratio between producing all wine versus producing all butter.

In this case Germany: if Germany only produces wine they make 300 units. If they only make butter they make 1200 units. So the opportunity costs would be 1200/300 or 4. For every one unit of wine, you give up 4 units of butter.

B. Absolute advantage is the country the can produce the most units overall.

C. Comparative advantage is the country that has the capability of producing the most of one specific product. I.E. who can produce the most butter or wine.

D. I cannot draw that here.

E. I would rethink the answer on your sheet. Think about the above example of opportunity cost. Is it worth Tom Brady giving up time thinking about football to mow his lawn? How much opportunity cost would be there?

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bazaltina [42]

Answer:

Social Security Amount = $7,960.8

Medicare Amount = $9,378.6

Additional amount (FICA taxes) to contribute = $17,339.4

Explanation:

Given:

Base salary = $646,800.

Required to withhold = 6.2% Social Security tax

Medicare tax = 1.45%  

FICA base amount = $128,400.

Computation:

Social Security Amount = (FICA base amount)  × Social Security tax

Social Security Amount = $128,400 × 6.2%

Social Security Amount = $7,960.8

Medicare Amount = Base salary × Medicare tax

Medicare Amount = $646,800 × 1.45%

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Additional amount (FICA taxes) to contribute = $7,960.8 + $9,378.6

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7 0
3 years ago
Assume that the interest rate is 4% compounded monthly. Roy buys 100 shares of Moogle company, at the market price of $30 per sh
Inessa [10]

Answer:

$30.61

Explanation:

Data provided in the question:

Annual Interest rate = 4% = 0.04

Since compounded monthly

Therefore,

Monthly interest rate, r = 0.04 ÷ 12 = 0.0033

Price per share = $30

Number of shares purchased = 100

Total value of shares purchased = $30 × 100

= $3,000

Therefore,

the amount borrowed = Total value of shares purchased

= $3,000

Amount to be paid after 6 months = Principle × ( 1 + r )ⁿ

= $3,000 × ( 1 + 0.0033  )⁶

= $3,060.50

Therefore,

The minimal value of S

= Amount to be paid after 6 months ÷ Number of shares

= $3,060.50 ÷ 100

= $30.605 ≈ $30.61

8 0
3 years ago
Bill Phillips is developing a Monte Carlo simulation to value a complex and thinly traded security. Phillips wants to model one
olchik [2.2K]

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The Monte Carlo Simulation is a forecasting technique that allows one to find out the probability of occurence of different outcomes which may be difficult to come up with because there are multiple random variables involved.

Monte Carlo simulations are used in many diverse fields such as Finance, Engineering and Science.

As earlier mentioned, this simulation allows for multiple random variables so Phillips can use it to model both the variables to have different characteristics.

5 0
2 years ago
The role of finance in healthcare has increased in importance over time because the finance function must support a multitude of
kumpel [21]

Answer:

True

Explanation:

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In the area of cost containment, the finance unit is the cost leader, it is the unit that lead and drive any cost control measure in an organization and healthcare sector is an exception.

The finance section participates directly and also provides the financial data that helps in negotiating with suppliers and demanding for various kinds of discounts and rebates.

The finance role in Joint venture activities cannot be over emphasized, it is the unit that keeps record of transactions and measure the profit or loss from the venture and advise management on the appropriate course of action.

The budget and budgetary control that drives operation of the heath sector is handled by the finance unit.

3 0
3 years ago
Meaning of jobbers in business studies<br>​
Leni [432]

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4 0
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