Answer:
40 air conditioner and 60 fans yield a 1,900 dollar profit
Explanation:
We apply this constrain on excel solver tool.
Wiring Drilling Profit per unit Total Profit
AC 40 units 120 80 25 1000
Fan 60 units 120 60 15 <u> 900 </u>
240 140 1900 1,900
Answer:
Extrinsic value is the portion of the worth that has been assigned to an item by external factors.
Hope this helped a little!
Answer:
Georgeland has an absolute but not a comparative advantage in producing clothing.
Explanation:
Absolute advantage is defined as the ability of a firm to produce higher amounts of a product as a result of use of the same resources with other competitors. It is usually bad a result of more efficient production process.
Comparative advantage is the ability of a firm to produce goods at a lower opportunity cost. Therefore they are able to sell at lower price compared to competitors.
Georgeland can produce 18 units of clothe per year while Alland can produce 16 units per year, so Georgeland has absolute advantage.
In producing clothes Georgeland has opportunity cost of 36 units of food which is higher than that of Alland which is 32 units of food. So Georgeland does not have comparative advantage in producing clothes.
1. decreases
2. increases3. decreases
4. decreases
The answers here require you to understand the terms involved. So let's look at the options and see what is what.
1. The price of a substitute good ▼ increases decreases​
* A substitute good is some good that can be used as a substitute for another good. So if that substitute becomes cheaper, it will be used more as a substitute for the original good. So the answer is "decreases"
2. The price of a complementary good ▼ decreases increases​,
* A complementary good is a good that's used in conjunction with another good. Something like milk and cookies. As more cookies are consumed, more milk is desired to go along with the cookies. So increasing the price of the complementary good will decrease the demand of the other good. So the answer is "increases"
3. Consumer income â–Ľ increases decreases
* If the consumer has less money to spend, then spending on non-essential goods will decrease. So the answer is "decreases".
4. Population â–Ľ decreases increases
* A smaller population is a reduced consumer base, so fewer goods are purchased. The answer is "decreases"
Answer:
$44,955.10
$38,131.84
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Investment X
Cash flow each year from year 1 to 9 = $6900
I = 7%
PV = $44,955.10
Investment Y
Cash flow each year from year 1 to 5 = $9300
I = 7%
PV = $38,131.84
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
