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Licemer1 [7]
3 years ago
6

Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can

produce 36 units of food per year or 18 units of clothing. Which of the following is true?
A) Georgeland has an absolute but not a comparative advantage in producing clothing.
B) Georgeland has both an absolute and a comparative advantage in producing clothing.
C) Alland has an absolute but not a comparative advantage in producing food.
D) Alland has both an absolute and a comparative advantage in producing food.
Business
1 answer:
Ierofanga [76]3 years ago
5 0

The true statement out of all is

B) Georgeland has both an absolute and a comparative advantage in producing clothing.

Explanation:

This is because Absolute advantage is when one firm or a producer is able to produce more of a product using less resources or less time or more of the product in the same resources or same time as the other.

Comparative advantage is found out at the added bonus of having the product be as viable as it is advantageous which means that the producer could also be making another product and would have the advantage in that too so either one of them is equally profitable.

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Which of the following would be the most desirable wording to use on a résumé? Created a first-place science fair project. I won
eimsori [14]

Answer:

The answer is created a first-place science fair project.

Explanation:

When writing a resume, we usually refrain from using subjects when explaining our past work experiences and achievements. Generally, we focus on using verbs in past tense to explain what we have managed to do in these contexts. More specifically, it is preferred to use action verbs since our resume is supposed to give an explanation on what we have done in the past.

6 0
3 years ago
Star Studios is looking to purchase a new building for its upcoming film productions. The company finds a suitable location that
andriy [413]

Answer:

Present value for option 1 = $1,460,000

Present value for option 2 = $1,460,971.84

Present value for option 3 = = $1,324,815.67

Present value for option 4 = $1,614,077.65

Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator.

For the first option, the present value is $1,460,000.

For the second option:

Cash flow in year zero = $460,000

Cash flow each year from year one to ten =

 $136,000

I = 6%

Present value = $1,460,971.84

For the third option:

Cash flow each year from year 1 to 10 = $180,000

I = 6%

Present value = $1,324,815.67

For the fourth option:

Cash flow each year from year 1 to 4 = 0

Cash flow in year 5 = $2,160,000

I = 6%

Present value = $1,614,077.65

To find the PV using a financial calacutor:

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

I hope my answer helps you

8 0
3 years ago
Which of the following stocks has the highest risk? A. stock a with a beta equal to 0.0 B. stock b with a beta equal to 0.5 C. s
Dvinal [7]

Answer:

Option D, stock d with a beta equal to 2.0, is the right answer.

Explanation:

Option D has the highest risk because the magnitude of beta represents the risk involved or associated with the stock. So, higher the beta magnitude, higher is the risk associated with stock and higher is the return. While lower value shows the lower risk and lower return on the stock. Therefore, option D has the highest magnitude so this stock has the highest risk.

6 0
3 years ago
In a two-stage activity-based costing model, stage one involves Select one: A. assigning direct costs to cost objects. B. assign
LekaFEV [45]

Answer:

The correct answer is letter "B": assigning indirect resource costs to activity pools.

Explanation:

Activity-based costing or ABC is a managerial accounting method that assigns indirect costs to the products which incur the bulk of those costs. In the manufacturing sector, ABC is mainly used to help measure the true cost of output per unit.

<em>The two-step ABC approach involves assigning indirect costs of support departments -e.g., maintenance, quality control- to pools of production departments in the first step. In the second step, activity costs are combined with the indirect costs and overhead rates are added.</em>

5 0
3 years ago
How do changing prices affect supply and demand
DaniilM [7]

Answer:

If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services. ... However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.

Explanation:

8 0
3 years ago
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