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meriva
3 years ago
11

Suppose an American worker can make 50 pairs of gloves or grow 300 radishes per day. On the other hand, a Bangladeshi worker can

produce 100 pairs of gloves or grow 200 radishes per day. The opportunity cost of one pair of gloves is_
Business
1 answer:
kykrilka [37]3 years ago
4 0

Answer:

The answer is  6 radishes in America and 2 radishes in Bangladesh

Explanation:

opportunity cost in America = 50: 300 = 1:6

Opportunity cost in Bangladesh = 100:200= 1:2

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A company may focus on lost contribution margin or prepare comparative income statement when making a product line decision

<h3>What is income statement?</h3>

An income statement can be regarded as financial statement which helps to display company's income and expenditures.

It is a financial statement that shows you the company's income and expenditures. It also shows whether a company is making profit or loss.

Hence, when making a product line decision, a company may focus on lost contribution margin and avoidable fixed costs or prepare comparative income statement.

Learn more about income statement here : brainly.com/question/21851842

7 0
2 years ago
Which skill do you feel is the most important? Why? (2-4 sentences)
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Answer:I do not think there is a subject less important than another.

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4 0
3 years ago
Argo, a firm organizing adventure travel, has returns that vary with the economy. Argo predicts that there is a 20% probability
nexus9112 [7]

Answer: 8%

Explanation:

The expected return is a weighted average of the returns given the probability of certain states of the economy:

= (Prob. of boom * return if boom) + (Prob. of normal * return if normal) + (Prob. of  weak * return if weak)

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= 0.07 + 0.07 - 0.06

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5 0
3 years ago
On the island of Mabera, the local money is called "favoli." The price of every good in Mabera is expressed as the number of fav
tatuchka [14]

<u>Answer:</u>

The correct option is Unit of account

<u>Explanation:</u>

One of the functions of money is Unit of accounts in economics. The worth of an object is measured in a distinct currency. One of the downfalls of unit of account is that it is regarded as the steady unit of account but inflation factor devastate the said assumption that money is steady. It is regarded as the basic property of the money.

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7 0
4 years ago
Read 2 more answers
You are comparing two annuities that offer regular payments of $2,500 for five years and pay .75 percent interest per month. You
bixtya [17]

Answer:

E) Annuity B has a smaller present value than annuity A.

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The main premise in finances is that the value of money increases in time, e.g. one dollar today is worth more than one dollar tomorrow.

In this case, annuity A is an annuity due (payment is made at the beginning of each period). An annuity due that has the same payments and the same rates, will always have a higher present value than an ordinary annuity.

8 0
3 years ago
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