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Nataly [62]
2 years ago
11

When Kim and Liam move from spending 30 minutes of each hour producing pies and 30 minutes producing cakes to specializing in th

e good in which they have a comparative​ advantage, the total gains from trade are​ ______ pies and​ ______ cakes.
A.​30; 100
B.​100; 400
C.​100; 30
D.​40; 200
Business
1 answer:
Novay_Z [31]2 years ago
8 0

Answer:

A) 30 pies and 100 cakes.

Explanation:

Kim can produce 40 pies or 400 cakes an hour. Liam can produce 100 pies or 200 cakes an hour.

Since each one will specialize in the production of the good in which they have a comparative advantage, Kim will produce cakes and Liam will produce pies.

before specialization Kim produced 20 pies and 200 cakes, while Liam produced 50 pies and 100 cakes.

So the total gains from trade are:

  • 50 pies - 20 pies = 30 pies
  • 200 cakes - 100 cakes = 100 cakes
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Hercules Workout World gains a client who prepays $ 660 for a package of six physical training sessions. Hercules Workout World
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Answer:

Service revenue of $ 440

Explanation:

When the customer prepays, the revenue is yet to be earned hence the entries required would be a debit to cash account and a credit to unearned or deferred revenue.

As the service is rendered and revenue is earned, debit the deferred revenue account and credit the revenue account with the amount earned.

Since $660 was collected for 6 training sessions

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All of the following are career pathways for Finance except: A. operations management B. accounting C. banking services D. Insur
Nataly_w [17]

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3 years ago
Read 2 more answers
Determine whether the statement is true or false. if f is continuous on [a, b], then d dx b f(x) dx a = f(x).
uysha [10]

The correct answer is option (b) False.

Differentiation:

Differentiation is a technique for determining a function's derivative. Differentiation is a mathematical procedure for determining the instantaneous rate of change of a function depending on one of its variables.

Explanation:

Given:

A statement is given "If f is continuous on

[a,b], then ddx(∫baf(x)dx)=f(x)".

The objective of the question is to determine whether the statement is true or false and why.

It is known that the value of a definite integral of a function is always a constant. So, ∫baf(x)dx

is a constant.

It is also known that the derivative of a constant is always equal to 1. Therefore, the correct equation is ddx(∫baf(x)dx)=1.

Thus, the given statement is false.

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8 0
2 years ago
The demand for emeralds tends to be very elastic. This is because emeralds are more of a _____________. It also means that a 33%
Natalka [10]

Answer:

C) luxury item, an increase

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I hope my answer helps you

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2 years ago
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