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Anni [7]
3 years ago
12

Use the following scenario to answer the next eight questions: An economy has two workers, Smith and Ricardo. Each day they work

, Smith can produce 4 computers or 16 smartphones, and Ricardo can produce 6 computers or 12 smartphones. The opportunity cost for Smith to produce one smartphone is ________ computer(s).
Business
1 answer:
olya-2409 [2.1K]3 years ago
4 0

Answer: 0.25 computer

Explanation:

Given that,

Smith can produce = 4 computers or 16 smartphones

Ricardo can produce = 6 computers or 12 smartphones

The opportunity cost for smith to produce one smartphone is as follows:

= \frac{Total\ computers\ can\ be\ produced}{Total\ smartphones\ can\ be\ produced}

= \frac{4}{16}

= 0.25

Therefore, 0.25 computer have to be foregone to produce one smartphone.

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If returns of​ S&P 500 stocks are normally​ distributed, what range of returns would you expect to see​ 95% of the​ time? Ba
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Explanation:

Given the Average return and the standard deviation, the range that is to be expected 95% of the time can be calculated by;

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Explanation:

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