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kati45 [8]
3 years ago
8

Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can

produce 36 units of food per year or 18 units of clothing. Which of the following is true?
1.Georgeland has an absolute but not a comparative advantage in producing clothing.
2.Georgeland has both an absolute and a comparative advantage in producing clothing.
3.Alland has an absolute but not a comparative advantage in producing food.
4.Alland has both an absolute and a comparative advantage in producing food.
Business
1 answer:
lisov135 [29]3 years ago
5 0

Answer:

1.Georgeland has an absolute but not a comparative advantage in producing clothing.

Explanation:

Georgeland has an absolute advantange, because with the factors of production that it has available (the question does not specify the amount), it can produce either more food, or more clothing than Alland.

But Georgeland does not have comparative advantage in producing clothing, because the cost of opportunity of doing so is higher than Alland's, as can be seen in this comparison:

If Alland produces 16 units of clothing, it gives up on 32 units of food.

If Georgeland produces 18 units of clothing, it gives up on 36 units of food.

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8 0
2 years ago
Read 2 more answers
Halliford Corporation expects to have earnings this coming year of per share. Halliford plans to retain all of its earnings for
STatiana [176]

Answer:

P₀ = $59.45

Explanation:

the numbers are missing so I looked for a similar question:

  • expected EPS = $2.775
  • retain 0% of earnings (years 1 - 2)
  • retain 48% of earnings (years 3 - 4)
  • then retain 23%
  • expected return on new projects = 22.4%
  • Re = 10.7%

growth rate = retention rate x return on new projects

g₁ = not given                                       EPS₁ = $2.775  

g₂ = 1 x 22.4% = 22.4%                        EPS₂ = $3.3966

g₃ = 1 x 22.4% = 22.4%                        EPS₃ = $4.1574

g₄ = 0.48 x 22.4% = 10.752%              EPS₄ = $4.6044

g₅ = 0.48 x 22.4% = 10.752%              EPS₅ = $5.0995

g₆ = 0.23 x 22.4% = 5.152%                EPS₆ = $5.3622

dividend payout ratio                            expected dividend

year 1 = 0                                                   $0

year 2 = 0                                                  $0

year 3 = 0.52                                             $2.1618

year 4 = 0.52                                             $2.3943

year 5 = 0.77                                              $3.9266

year 6 = 0.77                                              $4.1289

since the growth rate became constant at year 6, we can find the terminal value for year 5:

terminal value year 5 = $4.1289 / (10.7 - 5.152%) = $74.4214

P₀ = $0/1.07 + $0/1.07² + $2.1618/1.07³ + $2.3943/1.07⁴ + $3.9266/1.07⁵ + $74.4214/1.07⁵ = $0 + $0 + $1.7647 + $1.8266 + $2.7996 + $53.0614 = $59.45

3 0
3 years ago
The fixed costs of doing business include
11Alexandr11 [23.1K]

Answer:

Fixed costs are the costs associated with your business's products or services that must be paid regardless of the volume you sell. ... Insurance - the liability insurance you hold on your business. Rent - the rent you pay on your office, factory, and storage space. Utilities - electricity, water, and other utilities.

Explanation:

8 0
2 years ago
Grading the performance of minority group members by using lower standards and a patronizing attitude is called
postnew [5]
In my opinion, it is called subtle discrimination. Unlike blatant discrimination, which consists in openly humiliating a member of a minority based on their personal traits, subtle discrimination is much more perfidious, as it is not always easy to point finger at it or to legally assess it. Sometimes, it even happens as a consequence of seemingly good intentions. For example, if I use lower standards to grade Afro-Americans in a class of mixed students, it still means I assume they are less capable or educated, even if I do it because I know that they had been oppressed and had historically had less chance to educate themselves.
8 0
3 years ago
The shape of the production function reflects the law of diminishing marginal product of labor.a. Trueb. False
Anna35 [415]

Answer: True

Explanation:

Looking at the Production Function you will notice that Output increases at different rates to input added. First output increases at an increasing rate then at a constant rate then at a decreasing rate.

This shows the concept of the Law of Diminishing Marginal returns because as more input(labor) was added, at some point the output started increasing at a decreasing rate till it gets to a point where marginal returns will be negative.

The reason for this is that each worker is now working with less capital than before (assuming capital doe not change) and so will only produce less.

5 0
2 years ago
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