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Igoryamba
4 years ago
6

Given Ted can wax 4 cars per day or wash 2 cars per day and Tom can wax 3 cars per day or wash 1 car per day. What is each man’s

opportunity cost of waxing a car? Who has an absolute advantage of waxing cars? Who has a comparative advantage of waxing cars?

Business
1 answer:
victus00 [196]4 years ago
8 0

Answer:

OPPORTUNITY cost of Ted=2/4=0.5 car wash

OPPORTUNITY cost of Tom=1/3=0.33 car wash.

OPPORTUNITY cost is amount of other good given to produce more of one good.

Ted has absolute advantage.

Tom has comparative advantage.

Explanation:

See attached picture.

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Imagine that in 2019 the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some ti
V125BC [204]

In the short-run, the effect on the price level and the real GDP is <em>a. Both the </em><em>price level </em><em>and </em><em>real GDP </em><em>rise.</em>

Since the economy is in long-run equilibrium in 2019, and the stock prices unexpectedly rise and stay high for a long time, it means that the price level does not:

  • Rise while the real GDP falls
  • Fall while the real GDP rises
  • Fall with the real GDP.

<u>Question Options</u>:

a. both the price level and real GDP rise.

b. the price level rises and real GDP falls.

c. the price level falls and real GDP rises.

d. both the price level and real GDP fall.

Thus, in the short-term of this economy both the price level and real GDP rise.

Learn more: brainly.com/question/13029724

6 0
3 years ago
China is trying to develop its international trade in electronic components, but it lacks the money to be successful. from whom
SashulF [63]
China should seek assistance from the IMF or International Monetary Fund. According to the IMF, it works to nurture global growth and economic steadiness by providing policy, information and financing the members, by working with developing states to help them reach macroeconomic stability and decrease poverty. The basis for this is that private international capital markets function poorly and many countries have inadequate access to financial markets. Such market imperfections, together with balance-of-payments financing, offer the reasoning for official financing, without which many countries could solitary correct large external payment imbalances through actions with adverse economic consequences. Also, the IMF provides alternate sources of financing.
6 0
3 years ago
Which of the following is a good example of inflation? OA. You get a flat tire on your car. OB. You work three jobs in order to
artcher [175]

Answer: C.) It cost you $85 to gas up your car this month but last month it only cost you $50

Explanation:

8 0
3 years ago
When paul o’neill joined alcoa as ceo, he set a, that there would be zero workplace accidents. A lot of people in the organizati
natulia [17]

Answer:

(a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership.

(d) when managers come up with their own plans, they are likely to be more committed to following through on them.

Explanation:

Firstly, research has shown that both <u>decentralized decision structure (where managers are allowed to make their own decisions)</u> and planning activities; <u>are associated with higher performance in dynamic environments</u>.

This is one reason why the organization’s executives might opt for the decentralization approach to planning - because of the organization's dynamic nature

Secondly, when managers come up with their own plans, they are likely to be more committed to following through on them. When managers participate in planning it serves as a motivation for them to achieve it which is preferable to forcing the plans on them from senior management. This might have been the reason for Alcoa's improved performance when Paul O'Neill took over, in relation to safety records. Managers may have been allowed to make their own safety plans

5 0
4 years ago
Quaker State Wings has 320,000 shares outstanding and net income of $980,000. The company stock is currently selling for $62.97
ELEN [110]

Answer:

The new EPS is $ 3.16  

Explanation:

In order to compute the earnings per share after the share repurchase the shares repurchased must deducted from the weighted average number of share of 320,000 before repurchase so as  to arrive at the number of shares eligible for the earnings after such repurchase.

The number of shares repurchased=$634,000/$62.97

                                                           = 10,068.29  

The average weighted number of shares after repurchase is  309,931.71  (320,000-10,068.29)

EPS after repurchase=$980,000/309,931.71

                                   =$3.16 per share

5 0
4 years ago
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