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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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Roles that are concerned specifically with the activities that need to be carried out for the group to accomplish its goals are
LekaFEV [45]
The answer is that it referred to "task roles".

Task roles allude to the activities of people that assistance move the venture, choice, assignment along and related or concerned about the achievements of the gathering objectives.The parts and duties of the leader or facilitator and the individual individuals working inside the gathering or group are inspected. The word 'role' alludes to how a man will act and what work they will perform inside the gathering all in all. 
5 0
4 years ago
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Y
Mandarinka [93]

Answer:

payback 5 years

if the ltaer years cash flow increases several times, it would not affect the payback date. This is a disavantage of this method, it is focus on recover the investment without considering the total cash flow of the project.

Explanation:

Payback = the time in the life of a project on which the initial ivnestment is recover.

       -31,000 Balance

Year 1  2,000 -  29,000

Year 2 0          - 29,000

Year 3 8,000  -  21,000

Year 4 9,000  -  12,000

Year 5 12,000              0

At year 5 the proejct achieve payback

5 0
3 years ago
In​ economics, the best definition of technology is: A. the speed of communication. B. the development of new products. C. the p
luda_lava [24]

Answer:

C

Explanation:

4 0
4 years ago
A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stapler for $6. In producing the
Crank

Answer:

Economic loss=$(28,000)

Explanation

Accounting profit is the difference between total revenue and explicit cost.

Explicit cost refers to all cash and non cash cost incurred to produce the goods and services

Economic profit = sales revenue - explicit cost - implicit cost

Implicit cost is the opportunity cost - the value of the next best alternative sacrificed to produce the product.

The opportunity cost in the case is the worth of the offer to work elsewhere which is equal to $25,000

Economic profit = (7,000× 6) - 45,000- 25,000=$ (28,000)

Economic loss=$(28,000)

8 0
3 years ago
What amount would you have if you deposited 1800 a year for 30 years at 8% compounded annually
Bezzdna [24]
Yes so good indeed queen keep it up
6 0
3 years ago
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