If the post-trade equilibrium with Pc is = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to 2.5.
<h3>What is a Wage?</h3>
A wage is known to be a kind of payment that is said to be paid by an employer to their employee for the work that they have done in a given amount of time.
Note that from the question;
aLW = 5 hours per gallon
a*LC = 2 hours per pound
SO to find the wage = 5/2
= 2.5
Therefore, If the post-trade equilibrium with Pc is = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to 2.5.
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aLC = 6 hours per pound
aLW = 5 hours per gallon
a*LC = 2 hours per pound
a*LW = 6 hours per gallon
In post-trade equilibrium with Pc = Pw = $20, the wage of workers in Foreign relative to the wage of workers in Home will be equal to:
Answer:
The correct option is B,$20,000.
Explanation:
Using an output approach to computing the value of Gross Domestic Product(GDP),inputs of tires and compact disc player should not be counted as they form part of the finished output,the car,hence option A is an obviously wrong answer.
Again,we are considering the value of GDP based on the amounts of final products produced in the economy,then issue of deducting profits does not arise,thereby rendering options C and D as invalid answers as well.
Answer:
True
Explanation:
Considering the date provided in the question, Production costs - cost of goods sold = Ending Inventory.
So $ 1900 (production costs) - $ 1000 (cost of goods sold) = $ 900. Ending Inventory.
This would involve adjustments for changes in work in process balances if the information was provided.
The selling expenses are not part of manufacturing costs are thus not considered in the answer
Answer:
Assets increase by $2200: liabilities increase by $2200
Explanation:
The accounting equation is expressed as below.
Assets = Owners Equity + Liabilities.
Making purchases on account means buying on credit. Purchasing Supplies on credit will increases the debts( liabilities) of the company by $2200.
Supplies will belong to the business; hence assets will increase by $2200
Answer:
yes and no.
Explanation:
it depends on how responsible that teen is and what choices they tend to make.