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Reil [10]
4 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]4 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.

You might be interested in
Alternative price indexes
cluponka [151]

Answer:

-value of all goods and services produced in the economy this year

-this year's prices

-value of all goods and services produced in the economy this year

-the base year's prices

-bought by consumers

-the first scenario would have effect on the GDP deflator

-the second scenario would have effect on the GDP deflator

Explanation:

The GDP deflator is used in measuring inflation in the economy by measuring changes in prices of goods in the economy. It is used together with other indices such as consumer price index in arriving at a more accurate or balanced measurement of inflation I'm the economy. The GDP deflator would be affected above because it is more comprehensive in it's calculation or measurement as it doesn't take into account only a basket of goods and services like the Consumer price index does

6 0
3 years ago
Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction Number of Units Cos
alina1380 [7]

Answer:

$1,223,500

Explanation:

The computation of cost of goods sold using LIFO method is shown below:-

Here, we are using LIFO method so we calculate from last number of units and cost per unit so we need to get 1,100

So, units from last 270 + 440 + 340 = 1,050

Now we need 50 units from purchase units so cost of goods sold

= 270 × $1,190 + 440 × $1140 + 340 × $1,040 + 50 × 940

= $321,300 + $501,600 + $353,600 + $47,000

= $1,223,500

4 0
3 years ago
Will mark BRAINLIEST!!!
nikklg [1K]

Answer:

Netsuite

Hope this answer helps you :)

Have a great day

mark brainliest

8 0
3 years ago
When you construct the replicating portfolio for the option in the previous question how many dollars do you need to invest in t
netineya [11]

Answer: The same amount of dollars

When it comes to the financial level, a replicating portfolio as the name implies, is a repetition of specific flows of a given asset, so it must be constituted with the same resources. In this case, the same amount of cash would be needed to create the replica.

4 0
3 years ago
A 5-year corporate bond yields 9.70%. A 5-year municipal bond of equal risk yields 6.5%. Assume that the state tax rate is zero.
Roman55 [17]

Answer:

c. 32.99%

Explanation:

Risk yield = bond yield*(1 - Federal tax rate)

    6.50% = 9.70%*(1 - Federal tax rate)

1 - Federal tax rate = 6.50%/9.70%

Federal tax rate = 1 - 6.50%/9.70%

                           = 32.99%

Therefore, The federal tax rate that you are indifferent between the two bonds is 32.99%

3 0
3 years ago
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