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Reil [10]
3 years ago
5

Martha can produce 90 quilts or 180 batches of chocolate chip cookies in a month. Jane can produce 6 quilts or 18 batches of cho

colate chip cookies in a month. Distinguish between comparative advantage and absolute advantage. ​_______ has an absolute advantage in both goods. A. Martha B. Jane ​______ has a comparative advantage in quilts.​ ______ has a comparative advantage in chocolate chip cookies. A. Jane​; Martha B. Martha​; Jane C. Jane​; Jane D. Martha​; Martha
Business
1 answer:
Aleks04 [339]3 years ago
6 0

Answer: The correct answers are a) & b). That is MARTHA, MARTHA; JANE.

Explanation: Absolute advantage exists when a party can oroduce a highe quantity of a good or product. This is the situation with Martha in her productions.

Comparative advantage on the other hand is when a party has a lower opportunity cost. This exists in both the production of quilts and chocolate chip cookies.

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1. Would you be inclined to take legal action against your employer if you felt strongly
Amanda [17]

Yes I would be inclined to take legal action against an employer that has violated my legal rights.

<h3>What does the term legal right mean?</h3>

This is the term that has to do with the rights of a person that is recognized by the law of the land and the right that the law also helps to safeguard.

A person that tramples on the legal tights of a person deserves to receive legal actions because it shows that such a person does not have respect for others.

Read more on legal action here: brainly.com/question/9524284

#SPJ1

4 0
2 years ago
In 1931, the U.S. President was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and
Gelneren [198K]

Answer: $1,021,382

Explanation:

The Consumer Price index (CPI) is an economic measure that enables us calculate inflation. It checks for a price changes in a group or basket of goods and then averages these price changes to find out how much they may have changed overtime.

A higher CPI means prices have increased.

CPI can then be used to calculate the potential values of goods in different years using another year as a base. This means that prices of goods in one year can be written in terms of prices in another year.

This can be done by Dividing the CPI in the current year by the CPI in the base year (year being expressed in terms of) and then multiplying the result by the price of the good in question.

In this case the good is the salary of $75,000.

The 2007 equivalent of a 1931 salary will therefore be,

= 75,000 * ( 207/15.2)

= $1,021,381.57

= $1,021,382

8 0
2 years ago
Wims, Inc., has current assets of $3,900, net fixed assets of $26,500, current liabilities of $3,400, and long-term debt of $7,5
STALIN [3.7K]

Answer:

equity = $19500

Explanation:

Given data:

current assets $3900

net fixed assets $26,500

current liabilities $3400

debt = $7500

Total liabilities = current liabilities + long term debt

                         = 3400 + 7500 = $ 10,900

Total assets = current assets + net fixed assets

                     = 3900 + 26,500 = $30,400

We know

total assets  = total liabilities + equity

30400 = 10900+ equity

equity = $19500

8 0
3 years ago
An approach to the SDLC that plans the project in advance and then progresses according to the plan is called what
makvit [3.9K]

Answer:

source-

One of the most common predictive models is the waterfall model. It assumes various phases in the SDLC that can occur sequentially, which implies that one phase leads into the next phase. In simple words, in waterfall model, all the phases take place one at a time and do not overlap one another.

in your own words-  

One of the foremost common prognostic models is that the falls model. It assumes varied phases within the SDLC which will occur consecutive, which suggests that one section leads into following section. In straightforward words, in falls model, all the phases occur one at a time and don't overlap each other.

Explanation:

source is where i got the imformation and the in your own words is it fully rewritten, sorry its a bit lengthy and hope this helps have a god day/night/noon! :)

7 0
2 years ago
A country opens up to trade and becomes an exporter of wheat. In the wheat market, domestic consumer surplus will ________, dome
Alik [6]

Answer:

The correct option is increase; decrease; increase

Explanation:

First, we will define the following terms:

  • Consumer surplus
  • Producer surplus
  • Total surplus

<u>Consumer surplus</u> refers to the difference between the price that consumers pay and the price that they are willing to pay. Consumer surplus always increases as the price of a good falls and decreases as the price of a good rises. Therefore, in this scenario, as the country exports wheat, more wheat will be available in the market, leading to a fall in price, thereby leading to an increase in consumer surplus.

<u>Producer surplus</u> refers to the difference between how much a producer would be willing to accept for given quantity of a good against how much they can receive by selling the good at the market price. The difference or surplus amount is the benefit the producer receives for selling the good in the market. When prices rise, producer surplus increases, and when price falls, producer surplus decreases. There a decrease in price spurred by more wheat in the market will lead to a decrease in producer surplus.

<u>Total surplus</u> in a market refers to the measure of the total well-being of all participants in a market. Therefore, with more wheat in the market, there will be a drop in price, and consumers will be able to buy more, leading to more supply. This will lead to an increase in total surplus.

7 0
3 years ago
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