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Travka [436]
3 years ago
11

Rob Bill Berries 20 30 Fish 80 60 Rob Crusoe and Bill Friday spent their week-long vacation on a desert Island where they had to

find and prepare their own food. Rob and Bill spent one day each fishing and picking berries. The table lists the pounds of output Rob and Bill produced. Use the table above to select the statement that accurately interprets the data in the table. A) Rob has an absolute advantage in picking berries and Bill has an absolute advantage in catching fish. B) Bill has an absolute advantage in picking berries and Rob has an absolute advantage in catching fish. C) Bill has an absolute advantage in picking berries and catching fish. D) Rob has an absolute advantage in picking berries and catching fish.
Business
1 answer:
OLEGan [10]3 years ago
8 0

Answer:

<em>B) Bill has an absolute advantage in picking berries and Rob has an absolute advantage in catching fish.</em>

Explanation:

Absolute advantage in the manufacturing of a product means that more of that products are produced by the nation when compared with other countries with current or available resources.

Rob and Bill spent one day picking berries and catching fish here in the above scenario. Bill has picked more berries than Rob has. Rob caught more fish than Bill did.

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Vladimir79 [104]

Answer:

B) ​$2,500 per month rent.

Explanation:

Incremental cash flows do not include interest payments on investment capital, since the cash flows should be equally generated if you invest your own money, another partner invests his money or someone else lends it to you. The same logic applies to the administrative costs of the credit line.

5 0
3 years ago
Por que debemos minimizar la escasez?
Trava [24]

Porque los humanos tienen recursos limitados pero deseos y necesidades ilimitados. Actividades realizadas por otros para nosotros. Recursos que están ampliamente disponibles y que nunca se pueden usar.

(Because humans have limited resources but unlimited wants and needs. Activities done by others for us. ... Resources that are widely available and can never be used up.)

4 0
3 years ago
In a small economy, consumption spending in 2009 is $6,000, government spending is $1,200, gross investment is $1,500, exports a
icang [17]

Answer:

the  gross domestic product is $9,700

Explanation:

The computation of the gross domestic product is shown below

= Consumption spending + government spending + gross investment + exports - imports

= $6,000 + $1,200 + $1,500 + $2,000 - $1,000

= $9,700

Hence, the  gross domestic product is $9,700

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0
3 years ago
Shady Lane's income tax payable account decreased from $14 million to $12 million during 2016. If its income tax expense was $80
maria [59]

Answer:

A cash outflow of $82 million.

Explanation:

Because during the year Shady had taxes expenses for $80 million but then Shady cancelled $2 million of the Income Tax Payable account, which decreased from $14 million to $12 million.  

3 0
3 years ago
Warner Corp. sells goods on account for $10,000 on April 2. On April 20, the customer returns $3,000 of the merchandise. The cus
Studentka2010 [4]

Explanation:

The journal entry are as follows

On April 20

Sales returns A/c Dr $3,000

       To Account receivable A/c $3,000

(Being the sales returned of goods is recorded)

While recording this given transaction, we debited the sales return account and credited the account receivable account so that the proper posting could be done

6 0
3 years ago
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