1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NISA [10]
4 years ago
5

Assume that Japan and Korea each has 2400 hours available. Originally, each country divided its time equally between the product

ion of cars and airplanes. Now, each country spends all its time producing the good in which it has a comparative advantage. As a result, the total output of cars increased by a. 80. b. 40. c. 16. d. 64.
Business
1 answer:
Pavlova-9 [17]4 years ago
5 0

Answer: The answer is b

Explanation:

Since 60minutes = 1 hour

2400 ÷ 60

= 40

The total output of cars increased by 40

The law of comparative advantage states that a country will specialise in producing commodities in which the country has greatest comparative advantage. Therefore a country will produce for export those commodities she can produce cheaply than other countries.

You might be interested in
Match each term with its best description A. goods and services are worth what people believe they are worth and are willing to
alekssr [168]

Answer:

1. Deontology C. is the normative ethical theory that a moral act is based on whether the act itself is right or wrong under a series of rules, and not based on the consequences of the act.

2. Utilitarianism D. the best ethical choice produces the best result for the greatest number

3. Free market ethics A. goods and services are worth what people believe they are worth and are willing to pay for and businesses need only be concerned with making a profit for owners (shareholders)

4. Virtue ethics B. based on the moral character of the person rather than the act

8 0
3 years ago
Define business cycle
melisa1 [442]
The business cycle is the fluctuation in economic activity
3 0
4 years ago
Read 2 more answers
Here is a consumption function: C = C0 + MPC(Yd). If consumption is $2,000, MPC =0.75, and disposable income is $2,000, what doe
Hunter-Best [27]

Answer:

$500

Explanation:

$2,000 = Co + 0.75 x $2,000

$2,000 = Co + $1,500

Co = $500

Autonomous consumption is consumption that would occur even if a person earns zero income. This consumption isn't dependent on the level of income.

MPC is the marginal propensity to consume. It represents the proportion of disposable income that is spent on consumption.

Disposable income is income less taxes.

I hope my answer helps you

8 0
3 years ago
Smith Corporation has provided the following information: Cash sales totaled $135,000. Credit sales totaled $289,000. Cash colle
klasskru [66]

Answer:

$434,000

Explanation:

The total amount that should be included in the operating income as follows:

1. Cash sales $135,000

2. Credit sales $289,000

3. Gain from the sale of property and the equipment $10,000

Operating income $434,000

hence, the $434,000 should be included in the operating income

3 0
3 years ago
PLEASE HELP WITH THIS DISCUSSION
Shtirlitz [24]

Answer:

Since both stores have the same styles and brands with different prices, people may start to turn to Store X. With cheaper prices in the same area as the other store with the same brands and styles is a total win for customers. This might decrease sales in Store Y which may make them run out of business. However, because store Y was there first, loyal customers might only trust this store since it hasn't let them down yet and may be afraid to switch stores. Quality over quantity plays a major role in this decision.

Hope this helped <3! Brainliest please? :)

6 0
2 years ago
Other questions:
  • In order to price discriminate, a firm must
    13·1 answer
  • MEDAL!
    5·1 answer
  • What was the term used for people who believed peace would be obtained by the satisfaction of reasonable demands?
    9·1 answer
  • A small hardware store owner is involved in a car accident that renders him totally disabled for half a year. Which type of insu
    15·1 answer
  • Mike is an agent making purchasing orders for Tami. Tami passes away before the agency contract is voluntarily ended. Mike has a
    11·1 answer
  • A scrum team is only allowed to meet with stakeholders during sprint review
    5·1 answer
  • At year-end, the perpetual inventory records of Litwin Company showed merchandise inventory of $98,000. The company determined,
    6·1 answer
  • James is the human resource manager at a large bottle manufacturing company. Ten years ago, when the business moved to its curre
    7·1 answer
  • Jasper has been working a lot of overtime during the most current economic expansion. As a result, his income is high enough for
    6·1 answer
  • What is an insurance premium? the value of something lost or damaged the highest payout available by an insurer the amount paid
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!