Answer:
True
Explanation:
A person (or company or country) must specialize in the production of the good or service for which they possess a comparative advantage.
Lindsay has an absolute advantage in both cutting lawns and pruning trees, but that doesn't mean that she has a comparative advantage at both.
Answer: Another reason people might travel is maybe for a vacation or get away or people also might travel for their work.
Explanation:
Answer:
a.
EOQ = 2,944 units
b.
Setup cost = Numbers of Order x Ordering cost = $8.83
Holding Cost = $8.83
Explanation:
a.
Economic order quantity is the quantity at which business incur minimum cost. This is the level of order where the holding cost equals to the ordering cost of the business.
As per given data
Annual Demand = 50 per week x 52 weeks in a year = 2,600 bolts
Ordering cost = $10
Carrying cost = $0.03 x 20% = $0.006
EOQ = 
EOQ = 
EOQ = 2,943.92 = 2,944 units
b.
Setup cost = Numbers of Order x Ordering cost = (2,600 / 2,944) x $10 = $8.83
Holding Cost = (2,944 / 2) x $0.006 = $8.83
Answer:
$601,600
Explanation:
$601,600 is Malone Bank's profit or loss from speculation if the spot rate 60 days from now is indeed $0.78.
I hope it will help you!
Answer: capitalism
Explanation: Capitalism defines a socio-economic system that is based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state. The ever constant revolutionizing of production, the uninterrupted disturbance of all social condition, uncertainty amongst others have been pivotal in setting is apart from other economic systems. It respects the conditions necessary for humanity to succeed as well as propelling innovation and prosperity in modern societies.
