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3 years ago

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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Which of the following items would be a way to manipulate the cash flow from operating activities amount on the statement of cas

AysviL [449]

Answer:

C. Recording an item that should be recorded as an operating activity as an investing activity.

Explanation:

Hope it helped

6 0

4 years ago

Read 2 more answers

5. Elmofud, Inc. is considering splitting its stock. The stock is currently priced at $90 per share. You own 100 shares of the s

UkoKoshka [18]

Answer:

total value be in the stock $9,000

Explanation:

given data

currently priced = $90 per share

Number of Stocks = 100 share

solution

we get here first Value of Position that is express as

Value of Position = $90 × 100

Value of Position = $9,000

and

After stock split

Number of Stocks will be

Number of Stock = 100 × 3 = 300

and

Price per Share will be

Price per Share = $\frac{90}{3}$

Price per Share = $30

Value of Position = 30 × 300

Value of Position = $9,000

8 0

3 years ago

Assume that a firm uses labor and capital to produce a product. The firm hires labor at a wage rate of $4 per unit and rents cap

jarptica [38.1K]

Answer: c.) hire less labor and rent more capital

Explanation:

To answer this we would need to find out the Marginal cost per dollar of producing with either form of production being labour or capital.

The Marginal Product of Labour is 20 units resulting from $4 dollars so that means that for every dollar spent on Labour we get,

= 20/4

= 5 units of output.

However, The Marginal Product of renting Capital is 30 units resulting from $5 dollars so that means that for every dollar spent on Capital we get,

= 30/5

= 6 units of output.

This means that renting Capital is more efficient because we get 1 more unit of output per dollar and so to minimize cost of production without changing the level of output, the firm should hire less labor and rent more capital.

8 0

3 years ago

Silky Inc., which sells custom silk ties designed by famous people, faces a demand curve of Q = 150 – 0.2P, where Q is measured

CaHeK987 [17]

Answer:

The production level that maximizes Silky's profit is $5000$ ties.

Explanation:

First of all, as we have $Q(P)=150-0.2P$ , we need to transcript it as price in function of the quantity so

$P(Q)=\frac{150-Q}{0.2}=750-5Q$

Then we need to find income function that is $I(Q)=Q*P(Q)=750Q-5Q^{2}$ . After derivate it $I'(Q)=750-10Q$ .

The optimum level is when we have $MC=I'(Q)$ , therefore,

$5Q=750-10Q$ , as we clear it for $Q$ we find that

$Q=\frac{750}{15}=50$ , finally as we have that $Q$ is measured in hundreds of ties, the production level that maximizes Silky's profit is $5000$ ties.

4 0

3 years ago

What are the 4 phases in doing research?describe each phase (for psychology)

mojhsa [17]

Answer:

•Discovery

• Data

• Analyze

• Ethical

Explanation:

• Discovery . Here, there are observations of events or actions which bring about new knowledge that will be further exposed to new hypothesis.

• Data . Raw data(qualitative- non numerical and quantitative -numerical) are collected in this stage and then processed to become information.

• Analyze . This is a stage where the processed data and information are analyzed. It is where the data are cleaned, inspected, transformed and then modeled with the aim of making meaningful insights, drawing conclusion and then support further decision making.

• Ethical. In this stage, researchers check to determine whether their procedures are ethical or not. This is where the data analysed are checked whether they conform with the correct rule of conduct.

3 0

3 years ago