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Airida [17]
3 years ago
9

Town A, in one hour, can produce either 4 hotdog buns, or 10 sausages. Town B, in one hour, can produce either 8 hotdog buns, or

6 sausages. There are 60 people in each town. If Town A and Town B applies the theory of comparative advantage, or specialization of production, how many total hours (ADD hours required to produce hotdog buns AND hours required to produce sausages) does it take to produce hotdog buns for 120 people and sausages for 120 people?
Business
1 answer:
katrin [286]3 years ago
6 0

Answer:

The answer is 27 hours

Explanation:

Solution

The Comparative advantage depends on  production of the lower opportunity cost

The opportunity cost of a production is =maximum production of other good /maximum production of the good

Now,

The opportunity cost of hot dog bun for town A =10/4=2.5

Thus,

The opportunity cost of hot dog bun for town B=6/10=0.6

So,

The  town B has a comparative advantage in hot dog buns and A in sausages

Town A will produce-only sausages and it will take the time of  

time in hours =total required a quantity of the good /number of products in an hour

Now,

The time for Town A for sausages=120/10=12 hours

The time for Town B for hot dog buns=120/8=15 hours

Therefore, The total time =12+15=27 hours.

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Answer:

WIDE

NARROW

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Explanation:

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Differentiation refers to a firm's ability to create a good or service that is distinct from other product. This strategy leads to having or creating brand image, which allows the organization to sell its products or services at a premium

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Being a convicted felon...
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1 year ago
g The transactions of Spade Company appear below. Kacy Spade, owner, invested $100,750 cash in the company in exchange for commo
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Answer:

1)

Dr Cash 100,750

    Cr Common stock 100,750

Dr Office supplies 1,250

    Cr Cash 1,250

Dr Equipment 10,050

    Cr Accounts payable 10,050

Dr Cash 15,500

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Dr Accounts payable 10,050

    Cr Cash 10,050

Dr Accounts receivable 2,700

    Cr Fees earned 2,700

Dr Rent expense 1,225

    Cr Cash 1,225

Dr Cash 1,125

    Cr Accounts receivable 1,125

Dr Dividends 10,000

    Cr Cash 10,000

2)

         <u>Cash</u>                                             <u>Accounts receivables</u>

Debit           Credit                                 Debit           Credit    

100,750       1,250                                  <u>2,700          1,125  </u>

15,500         10,050                                1,575

1,125             1,225

<u>                     10,000</u>

94,850

 <u>Office Supplies</u>                                       <u>Equipment</u>

Debit           Credit                                 Debit           Credit    

<u>1,250                      </u>                                 <u>10,050                    </u>

1,250                                                       10,050

<u>Accounts payable</u>                                   <u>Common Stock</u>

Debit           Credit                                 Debit           Credit    

<u>10,050        10,050 </u>                                <u>                    100,750 </u>

0                  0                                                              100,750

   <u>Fees earned</u>                                      Rent Expense

Debit           Credit                                 Debit           Credit    

                   15,500                                <u>1,225                      </u>

<u>                    </u><u>2,700</u><u> </u>                                 1,225

                   18,200

<u />

<u />

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Debit           Credit

<u>10,000                   </u>

10,000

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What is potentially problematic about using religious symbols in<br> advertisements?
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They might offend the intended audience.

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8 0
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Answer:

Cost of Goods Sold                                               Dr.

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Explanation:

The journal entry for cost of goods sold should've been:

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(Being cost of goods sold expense recorded)

The wrong entry passed has been:

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      To Purchases A/C

The rectifying (correcting) journal entry should be:

Cost of Goods Sold A/c                                           Dr.

      To Supplies Expenses A/C

(Being rectification entry for cost of goods sold recorded)

Cost of goods sold is an expense and expenses should be debited.

At the same time, purchase being a nominal account, crediting it would reduce the purchases balance.

Supplies expense was wrongly debited so it has been credited to cancel out the effect.

7 0
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