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Darina [25.2K]
3 years ago
10

Use the following table for the problem below.

Business
1 answer:
baherus [9]3 years ago
6 0

Answer:

No option is correct:

  • A. Larry offers Curly 1 ping-pong ball for 1/4 of a hat.
  • B. Curly offers Larry 1 hat for 3 ping-pong balls.
  • C. Curly offers Larry 1 hat for 4 ping-pong balls.
  • D. Larry offers Curly 1 ping-pong ball for 1/3 hat.

In order for Curly to win and Larry lose, Curly must offer 1 hat in exchange for 6 or more ping-pong balls.

  • Option A: Larry wins 1 ping-pong ball.
  • Option B: Larry wins 2 ping-pong balls.
  • Option C: Larry wins 3 ping-pong balls.
  • Option D: Larry wins 0.13 of a hat.  

Explanation:

Opportunity costs are the benefits lost or extra costs associated to choosing one investment or activity over another alternative.

In this case, Larry can either have 1 hat or 5 ping-pong balls. Curly can have 1 hat or 2 ping-pong balls.

You might be interested in
A closed economy has income of $1,500 billion, government spending of $260 billion, taxes of $180 billion, and investment spendi
Vikentia [17]

Answer:

(i) $940 billion

(ii) $380 billion

(iii) -$80 billion

(iv) $300 billion

Explanation:

Income, Y = $1,500 billion

Government spending, G = $260 billion

Taxes, T = $180 billion,

Investment spending, I = $300 billion

As Y = C + G + I

Consumption spending, C = $1,500 - $260 - $300

                                            = $940 billion

Private savings = Y - T - C

                          = $1,500 - $180 - $940

                          = $380 billion

Public saving = T - G

                      = $180 - $260

                      = -$80 billion

National saving = private + public

                          = $380 - $80

                          = $300 billion

5 0
3 years ago
The Gap company caters to the needs of men and women by manufacturing three different lines of fashion-wear based on the purchas
Wittaler [7]

Answer: demographic

Explanation:

Demography simply has to do with population study. From the question, we are informed that The Gap company caters to the needs of men and women by manufacturing three different lines of fashion-wear based on the purchasing power of its customers.

This shows that Gap most likely segments the consumer market based on demographic variables.

3 0
3 years ago
John has an auto which is covered for collision losses subject to a $250 deductible. Kate's auto also has collision coverage but
Andrej [43]

Answer:

Kate policy will pay 1500 dollars while Johns policy will pay  250 dollars

Explanation:

kates policy will pay 1500 dollars while johns policy will pay 250 dollars.

Since Kates deductible is 500 dollars, this deductible will be subtracted from the 2000 dollars collission loss that occurred when John borrowed her car. which gives $1500. therefore her policy will get to pay 1500 dollars. while johns policy will have to pay $250

8 0
3 years ago
Bossie Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following
kotegsom [21]

Answer:

$273,400

Explanation:

Given that,

Wages and salaries = $349,000

Depreciation = 290,000

Utilities = 199,000

Total = $838,000

Cost to be allocated to Assembly cost pool :

= (Wages & salaries × 35%) + (Depreciation × 35%) + (Utilities × 25%)

= ($349,000 × 35%) + (290,000 × 35%) + ($199,000 × 25%)

= $122,150 + $101,500 + $49,750

= $273,400

3 0
3 years ago
Which example defines an economic activity?
babunello [35]
<h2>Goods & services is an example of "economic activity".</h2>

Explanation:

Economic activity is basically an action pertaining to production, distribution and consumption of goods.

Any activity which involves money for which we get products are called "economic activity".

Exchange of Product / services which involves money can be considered as economic activities.

Out of box information:

In the ancient days, people get product for another product and this was going on when the currency was not invented.

The word economy was coined by "Aristotle".

8 0
3 years ago
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