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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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Allen, inc., has a total debt ratio of .34. what is its debt-equity ratio
lawyer [7]
Total debt ratio is the ratio of total debt to total assets 
i.e 
Total debt ratio = Total debt / Total assets  
But Total assets is nothing but total equity plus total debt  
Now let us consider, 
TD = Total debt  
TE = Total equity 
TA= Total assets   
Therefore, 
Total debt ratio = TD/TA 
But as mentioned above 
TA = TD + TE  
total debt ratio = Total debt/(total debt+total equity) 
total debt ratio = .34(given) 
.34 = TD / (TD + TE)  
Solving this equation yields:  
0.34 = 1/(1+ TE/TD) 
0.34(1+TE/TD) = 1 
0.34 + 0.34TE/TD =1 
.34(TE/TD) = 1 - 0.34 
0.34 (TE/TD) = 0.66 
0.34TE = 0.66TD  
Now, Debt equity ratio is the ratio of Total debt to total equity  
Debt-equity ratio = TD / TE 
Debt-equity ratio = 0.34 / 0.66 
Debt-equity ratio = 0.51515152
6 0
3 years ago
Which promotion exemplifies the use of a fixed-ratio schedule of reinforcement?a café prints "you are a winner" on a random one-
VARVARA [1.3K]
<span>Which promotion exemplifies the use of a fixed-ratio schedule of reinforcement? A café prints "you are a winner" on a random one-twelfth of its coffee lids; patrons receiving such a lid can redeem it for a free beverage. A fixed-ratio schedule of reinforcement, which a response is reinforced when there is a set number of responses. Every set number of people purchasing the coffee have a chance to win a free beverage. </span>
6 0
3 years ago
Suppose independent truckers operate in a perfectly competitive constant cost industry. If these firms are earning positive econ
Deffense [45]

Answer:

The price of trucking services would fall until equilibrium prices are reached. Only normal profit would be earned in the long run

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

8 0
3 years ago
The Great Fish Taco Corporation currently has fixed operating costs of $15,000​, sells its​ pre-made tacos for $6.00 per​ box, a
Makovka662 [10]

Answer: The Break-Even Point will reduce from $4,285.71 to $4,125

Explanation:

To get the Break-Even Point we can divide Fixed Assets by the Contribution margin.

The Contribution Margin is the Selling Price minus the Variable Cost.

For Scenario 1 the Break-Even Point will be,

= 15,000 / ( 6 - 2.50)

= $4,285.71

For Scenario 2 the Break-Even Point is,

= 16,500 / 6.5 -2.5

= $4,125

The Break-Even Point for Scenario 2 means that even though the higher Fixed Costs could have led to a higher Break-Even Point, the higher price contributed more than the fixed costs did and led to an ultimately lower Break-Even Point than the first Scenario.

3 0
3 years ago
Universal Containers (UC) wants its closed Won opportunities to be synced to a Data warehouse in near real time. UC has implemen
lakkis [162]

Answer:

a) The default client Certificate or the Certificate and Key Management menu.

Explanation:

The universal containers desired to ensure that the communication existing between the Target System and the Salesforce is completely safe and secured, the UC must send the Outbound Message, default client Certificate as well as the menu of the Key Management. Therefore, the correct option is option a.

3 0
3 years ago
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