Answer:
B) aliceland has an absolute advantage, but not comparative advantage, in producing food.
Explanation:
Aliceland has absolute advantage in the production of food because it produces more food (32) than Georgeland that produces (16). Aliceland doesn't have a comparative advantage because both lands have the same comparative advantage in the production of food.
Comparative advantage of Aliceland in food production = 16 / 32 = 0.5
Comparative advantage of Georgeland in food production = 8 / 16 = 0.5
Aliceland has absolute advantage in the production of food and cloth but no comparative advantage in either.
Georgeland doesn't have absolute or comparative advantage in the production of food and clothes.
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Answer:
completed units = 9,500 gallons
Explanation:
gallons completed = beginning WIP inventory + units started during the month - ending WIP inventory = 1,000 gallons + 10,000 gallons - 1,500 = 9,500 gallons finished
units started and completed = total units started -ending WIP = 10,000 gallons - 1,500 gallons = 8,500 gallons
Answer:
$120,000
Explanation:
Given:
Shares owned by Fritz = of number of the shares of the other three shareholders i.e of all the shares
Shares owned by Luis = of number of the shares of the other three shareholders i.e of all the shares
Shares owned by Alfred = of number of the shares of the other three shareholders i.e of all the shares
Therefore,
Shares owned by them together =
= of all shares,
This means that Werner owns = 1 − of all shares,
= of all shares
i.e
= × $3,600,000
= $120,000
Answer:
An opportunity costs is the loss of the best available option after selecting one alternative
Explanation:
The oppoortunity costs between going to the cinema and to teather will be the cinema if you chose to go tto the theater and the teather if you chose to go to the cinema.