Example of a product that went through a time of scarcity.

Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Su

Ksju [112]

Answer:

Candonia has a comparative advantage in the production of LEMONS, while Lamponia has a comparative advantage in the production of COFFEE. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of 36 million pounds of coffee and 36 million pounds of lemons.

Explanation:

Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.

For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).

For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).

8 0

4 years ago

In monopoly how do you unmorgage a property

pashok25 [27]

If at a later time, you unmortgage the property, you still have to pay the mortgage value plus the 10% interest. As an example: Boardwalk is mortgaged, mortgage value is $200. If you are the new owner, you must pay $220, this unmortgages the property.

6 0

3 years ago

Firms gain control over price in monopolistic competition by A) blocking entry of other firms into the industry. B) producing a

NNADVOKAT [17]

Answer: Firms gain control over price in monopolistic competition by "C) differentiating their products.".

Explanation: Monopolistic competition is an imperfect type of competition in which there is a high number of sellers in the market. The products offered are characterized by having some differentiation and it is precisely this differentiation that makes these companies enjoy a certain power of market, have a certain voice when setting their prices and are not merely "price-acceptors", as in the case of perfect competition.

5 0

3 years ago

A bank agrees to lend via simple loan $100 today to Thomas. The agreement is based on that the yearly interest rate is 15%. If T

Ede4ka [16]

Answer:

$404,55 (cumulative) or $250 (american)

Explanation:

This explanation considers a cumulative interest rate in the simplest way. And american amortization system. Consider that there is also French and German systems which works differently depending on the way the loan reimbursed

Cummulative Interest Rate:

Consider this:

If Thomas had to return it in one year he would have to return $115 ($100+15%) which is equal to 100*(1+0.15)

Now, at the begining of the second year, his debt is $115, and at the end its $115+15% = 132,25. Which is equal 100*(1+0.15)*(1+0.15), this is equivalent to 100*(1+0.15)^{2}

The general formula for cummulative interest is C(1+i)^{n}

Where

C = is the loan amount [in this case: 100]

i = is the interest rate [in this case: 0.15]

n = is the number of periods until [in this case: 10]

American System

The american system is quite straight forward:

Thomas should pay $15 every year for 10 years, and with the last payment he should pay $115.

This is because in this system Thomas returns the capital (the amount of the loan) at the end; and each year he only pays the interest .

$15*10 + $100 = $250

7 0

3 years ago

Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Factory Overhead Total Man

igomit [66]

Answer:

The Missing Amounts are underlined and in bold text

Direct Materials Direct Labor Factory Overhead Total Manufacturing cost

(1) $42,900 $62,300 $52,300 $157500

(2) $78,000 $79,000 $142,000 $299,000

(3) $59,000 $138,000 $115,000 $312,000

Total Manufacturing Costs Work in Process (January 1)

Work in Process (December 31) Cost of Goods Manufactured

(1) $157500 $122,000

$84,600 $194,900

(2) $299,000 $123,000

$98,800 $323,200

(3) $312,000 $464,000

$58,000 $718,000

5 0

4 years ago