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kaheart [24]
3 years ago
11

Both mia and mario produce only the item in which they have a comparative advantage. then they trade one pasta for one pizza. be

fore specialization and trade​ started, mia and mario were each producing 44 dishes of pasta and 44 pizzas an hour. the total gains from trade are​ ______ dishes of pasta and​ ______ pizzas an hour.
Business
2 answers:
Harman [31]3 years ago
5 0

The total gains from trade are​ 44 dishes of pasta and​ 44 pizzas an hour.

Explanation:

A calculation of the net income from trade is the amount of the surplus of the customer and the earnings of the manufacturer or, more generally, the enhanced efficiency of the specialization of production with the subsequent export.

Trade gains can also apply to the net benefits of reducing barriers to trade, such as import tariffs, for a region.

To measure the income, take the price at which you sell the investment and deduct from it the price you originally charged for it. Now that you've got the income, split the income by the original value of the investment. Finally, subtract the response by 100 to adjust the percentage of your investment.

IgorC [24]3 years ago
4 0
Jxksopoanx ffkrpelals did hahahahaha
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Explain how money (increased commerce) spent by tourists in the Macro Islands moves through the economy's circular flow diagram.
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<span> #1) Explain how money (increased commerce) spent by tourists in the Macro Islands moves through the economy's circular flow diagram.

Answer: Increased commerce spent by tourists in the Macro Islands moves through the economy’s circular flow diagram and will affect all portions of the Macro Island’s economy. First, the tourists that visit the Macro Islands will purchase goods from the product market, as a result it will form the product market. These purchased goods then go to the household where these goods will be used; this supports the product market. Here, the system branches off into three different directions: first, through the payment of taxes we reap government services; second, by investing our money in financial institutions, we sustain the financial market while collecting interest; third, because households provide resources like labor, we sustain the factor market and in return collect income. These three sections of the economy connect to businesses through government services, borrowing, and factors of production respectively. In the end the businesses provides foods and services to the product market to repeat this cycle.

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4 0
3 years ago
Billie jean has $120 to spend and wants to buy either a new amplifier for her guitar or a new mp3 player to listen to music whil
TEA [102]
<span>This illustrates the basic concept that a trade-off is sometimes needed. People can not always get exactly want they want and when this happens they must be willing to sacrifice something to get something back in return. Billy must choose between the guitar or new mp3 player. He will gain one of them but because the trade-off, he will lose the ability to get the other item.</span>
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3 years ago
What is the approximate yield to maturity and the exact yield to maturity (use a calculator) for the $1,000 semi-annual bond? As
bagirrra123 [75]

Answer:

6.67% and 6.694%

Explanation:

The computation of the approximate yield to maturity and the exact yield to maturity is shown below:

For Approximate yield to maturity it is

= 2 × ((Face value - current price) ÷ (2 × time period) + face value × coupon rate ÷ 2) ÷ (Face value + current price) ÷ 2)

=2 × (($1,000 - $950) ÷ (2 × 10) + $1,000 × 6% ÷ 2) ÷ (($1,000 + $950) ÷ 2)

= 6.67%

Now

the Exact yield to maturity is

= RATE(NPER,PMT,-PV,FV)

= RATE (10 × 2, 6% × $1000 ÷ 2,-$950,$1,000) × 2

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7 0
2 years ago
Cassy Budd Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: begi
kozerog [31]

Answer:

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Explanation:

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The journal entry is a credit to the PBO of the amount of the expense and a debit to the Pension Expense. Note that the difference between ending PBO and beginning PBO is NOT equivalent to annual expense since other items such as company's contribution and changes in fair value of the liability also impact the PBO.

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