Answer:
a) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Luxland? explain.
Yes, it is advantageous for Luxland. On its own, Luxland can only produce 1 chip for 1 pretzel, but with trade, 1 pretzel would now be equivalent to 4 chips, representing a net gain of 3 chips.
b) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Leanderland? explain.
No, trade would not be advantageous. We can see than domestically, Leanderland can produce 2 pretzels for every chip, because the graph shows that 4 chips are equivalent to 8 pretzels for this nation.
For trade to be advantageous, Leanderland should obtain at least 9 pretzels for the 4 chips.
Answer:
47.4%
Explanation:
A. Expected golfers
440,000
B Revenue (440,000 × $84)
$36,960,000
C. Variable cost (440,000 × $17)
$7,480,000
D = B - C Contribution margin
$29,480,000
E Fixed cost
$20,000,000
F = D - E Profit
$9,480,000
G Assets
H = F/G × 100 Return on assets
47.4%
Answer:
efinition. Business enterprise means a firm, sole proprietorship, partnership, association, corporation, company, or other business entity of any kind including, but not limited to, a limited liability corporation, incorporated professional association, joint venture, estate, or trust.
Explanation:
Answer:
variety of youth concerns
Explanation:
1) Famous celebrities and the people with lots of money are often seen with workers round them for their household chores/tasks. Although they are paying money for the work they could have done by themselves but if we analyze closely, they are actually taking advantage of the opportunity cost. The time when they were suppose to do the household work, now they are performing other task in that time which will be giving them much greater economic benefit, taking advantage of the concept of opportunity cost. For example, Cristiano Ronaldo can focus on his workout and daily exercise instead of making daily meals for himself, so he should have hired someone to do the meal work for him while he perform his workout which will help him on the field and will earn him much money.
2) Yes, it is possible for 2 countries to benefit from trade as a whole because they can get into an agreement by allowing free trade between the countries, for example, both the countries could agree that all the trade which will be executed between them would be tax free and no duties will be paid on them. This way the trade numbers would increase and industrialization would take place to meet the export/import orders. On the contrary, trading individually can be not so beneficial because there will be no free trade agreements between individuals i.e. no free lunches, that is why it could cost individuals much more than they can make money out of it.
3) One of the main reasons to oppose policies that restrict trade among the nations is that GDP. GDP is a measure of growth in any country, therefore when there will be no trade among countries, it would result in less productions of goods and services which which lead to less industrialization, which then will result to low employment and more unemployment, ultimately resulting in very low growth for any country and since growth is the only way forward for any nation, economists oppose policies that restrict trade among countries/nations.
I hope this detailed answer of mine help the poster.
Thank You and Good Luck.
