Answer:
Option (D) is correct.
Explanation:
In United states:
Can produce 25 tons of steel or 250 automobiles,
Opportunity cost of producing a ton of steel = 250 ÷ 25
= 10 automobiles
Opportunity cost of producing 1 automobile = 25 ÷ 250
= 0.1 tons of steel
In Japan:
Can produce 30 tons of steel or 275 automobiles,
Opportunity cost of producing a ton of steel = 275 ÷ 30
= 9.17 automobiles
Opportunity cost of producing 1 automobile = 30 ÷ 275
= 0.11
Therefore,
United States has a comparative advantage in producing automobiles because the opportunity cost of producing automobiles is lower than the Japan.
Japan has a comparative advantage in producing steel because the opportunity cost of producing steel is lower than the United states.
Answer:
all these are included in the gross income
Explanation:
given data
damages = $36,250
emotional distress = $10,100
punitive damages = $58,200
to find out
What amount must Paul include in his gross income
solution
we know according to the tax laws that specify only payment on account of (1) physical injury and (2) physical sickness is non taxable
so here taxpayers receive
they are not associate with the physical injury so all these mentioned are not covered in physical damages
so we can say that all these are included in the gross income
The answer is Regional economic integration
Answer:
Predetermined rates for each cost pool
Ordering = <u>$120,000</u>
240,000 orders
= $0.50 per order
Machine set-up = <u>$85,000</u>
340,000 set-ups
= $0.25 per set-up
Inspection = <u>$75,000</u>
75,000 inspections
= $1 per inspection
Explanation:
The predetermined rates are obtained by dividing the estimated overhead for each cost pool by the cost driver.
