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
dalvyx [7]
3 years ago
5

It takes Anne 3 hours to make a pie and 4 hours to make a shirt. It takes Mary 2 hours to make a pie and 5 hours to make a shirt

. Anne should specialize in making shirts and Mary should specialize in making pies, and they should trade.A.TrueB.False
Business
1 answer:
mina [271]3 years ago
5 0

Answer:

False

Explanation:

An economic agent should specialise in the production of the good for which it has a comparative advantage in its production.

An economic agent has a comparative advantage in production if it produces at a lower opportunity cost when compared with other economic agents.

Anne's opportunity cost in pie production = 4/3=1.33

Anne's opportunity cost in shirt production = 3/4 = 0.75

Mary's opportunity cost in pie production = 5/2 = 2.5

Mary's opportunity cost in shirt production = 2/5 = 0.4

Anne has a comparative advantage in the production of pies and Mary has a comparative advantage in the production of shirts.

Anne should specialise in pie production and Mary should specialise in shirt production.

I hope my answer helps you

You might be interested in
You currently own 100 shares of stock in Beverly Brothers Inc. The stock currently trades at $120 a share. The company is contem
Gwar [14]

Answer:

No option is correct, since you will have 200 shares and each share should be worth around $60.

Explanation:

If the 2-for-1 stock split takes place then you will have 200 shares instead of 100. For every 1 share that you currently own, the corporation will issue another share.

Since the price of the shares was $120 before the stock split, after the stock split the price will be divided by two (the same proportion). So each new share will cost approximately $60.

In order for option 2 to be correct, the stock spit should have been 3-for-1.

8 0
3 years ago
If each piece of a 10 piece puzzle had a word that represented you on it, what 10 words would we see?
Marysya12 [62]

Answer: brave,strong, funny, short, smart, unique, beautiful, amusing, pretty

Explanation:

5 0
2 years ago
When incorporating, a business
DedPeter [7]

Answer:

May incorporate in any state it chooses.

Explanation:

Incorporation can be defined as the creation of a new business which will have equal rights as that of an individual.

The different steps for incorporation include:

- Proper documentation of the reports of incorporation.

- Choosing a suitable name for the business.

- Documenting the various operational agreements.

- Appointing managers to supervise the daily activities.

- Getting a federal employment identification number.

- Opening accounts for keeping the revenues that will be generated by the company.

- Employing diffetents workers to carry out various activities in the company.

5 0
2 years ago
"Which bond portfolio where all investment is made up front would be MOST negatively affected by a sharp rise in interest rates?
natka813 [3]

Answer:

Explanation:

When an individual’s current money income exceeds his current consumption desires, hesaves the excess. Rather than keep these savings in his possession, the individual mayconsider it worthwhile to forego immediate possession of the money for a larger futureamount of consumption. This trade-off of present consumption for a higher level of futureconsumption is the essence of investment.An investment is the current commitment of funds for a period of time in order to derivea future flow of funds that will compensate the investor for the time value of money, theexpected rate of inflation over the life of the investment, and provide a premium for theuncertainty associated with this future flow of funds.2.Students in general tend to be borrowers because they are typically not employed so haveno income, but obviously consume and have expenses. The usual intent is to invest themoney borrowed in order to increase their future income stream from employment - i.e.,students expect to receive a better job and higher income due to their investment ineducation.3.In the 20-30 year segment an individual would tend to be a net borrower since he is in arelatively low-income bracket and has several expenditures - automobile, durable goods,etc. In the 30-40 segment again the individual would likely dissave, or borrow, since hisexpenditures would increase with the advent of family life, and conceivably, the purchaseof a house.In the 40-50 segment, the individual would probably be a saver since incomewould have increased substantially with no increase in expenditures. Between the ages of50 and 60 the individual would typically be a strong saver since income would continueto increase and by now the couple would be “empty-nesters.”After this, depending uponwhen the individual retires, the individual would probably be a dissaver as incomedecreases (transition from regular income to income from a pension).4.The saving-borrowing pattern would vary by profession to the extent that compensationpatterns vary by profession. For most white-collar professions (e.g., lawyers) incomewould tend to increase with age. Thus, lawyers would tend to be borrowers in the earlysegments (when income is low) and savers later in life. Alternatively, blue-collarprofessions (e.g., plumbers), where skill is often physical, compensation tends to remainconstant or decline with age. Thus, plumbers would tend to be savers in the earlysegments and dissavers later (when their income declines).5.The difference is because of the definition and measurement of return. In the case of theWSJ, they are only referring to the current dividend yield on common stocks versus thepromised yield on bonds. In the University of Chicago studies, they are talking about thetotal rate of return on common stocks, which is the dividend yield plus the capital gain or

5 0
3 years ago
Excluding discouraged workers from the official unemployment rate may cause the official rate to the true extent of underemploym
Alenkasestr [34]

Excluding discouraged workers from the official unemployment rate may cause the official rate to Understate the true extent of underemployment.

What happens when they are reclassified as discouraged workers?

  • The measured unemployment rate will decrease if unemployed people give up.
  • When this occurs, the measured unemployment rate will momentarily increase. They will once more be listed as unemployed, which is why.
  • Because there are no discouraged employees in the labor market actively looking for a job, the labor force participation rate would fall if employed people were reclassified as discouraged workers.

(1) official unemployment rate= unemployed/(employed + unemployed)

= 6197000 / 155604000 + 6197000 * 100

= 3.83%

(2) U-4 unemployment rate= (unemployed +discouraged) /(employed +unemployed+ discouraged)

=6197000+ 434000 / 155604000+ 6197000 + 434000 * 100

= 4.09%

Excluding discouraged workers from the official unemployment rate may cause the official rate to Understate the true extent of underemployment.

To learn more about the unemployed, refer to:

brainly.com/question/3876987

#SPJ4

8 0
11 months ago
Other questions:
  • Which of the following is a distinguishing characteristic of oligopoly? Question 1 options:_____
    9·1 answer
  • Can you tell me what is 16×2=
    5·1 answer
  • Mr. X finds it hard to dine with his american colleagues as his religion prohibits the consumption of pork and alcohol. He also
    14·1 answer
  • Assume that the market for barley is in equilibrium and the demand for barley is inelastic. Predict what happens to the revenue
    11·1 answer
  • Prior to adjustment at August 31, Salary Expense has a debit balance of $322,200. Salaries owed but not paid as of the same date
    11·1 answer
  • Harbour View Company common stock has a $30 par value and is currently selling for $65. Industry analysts are predicting dividen
    11·1 answer
  • Smith Company reported pretax book income of $400,000. Included in the computation were favorable temporary differences of $50,0
    14·1 answer
  • Why do you think celebrities bother to involve themselves in politics?
    14·1 answer
  • Miguel was asked to improve his company's report format. Many employees and clients found the reports hard
    15·1 answer
  • An ever-expanding variety of goods and services are in demand by consumers all around the world. given the importance of world t
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!