Answer:
a. 8%
Explanation:
Expected Return = [(Return*Probability)+(Return*Probability)+(Return*Probability) * 100%]
Expected Return = [{(15%*0.2)+(10%*0.2)+(5%*0.6)} * 100]%
Expected Return = [{(0.15*0.2)+(0.1*0.2)+(0.05*0.6)} * 100]%
Expected Return = [{0.03+0.02+0.03} * 100]%
Expected Return = [{0.08 * 100}]%
Expected Return = 8%
So, Liqin's expected return for fixing up and selling the Corvette is 8%.
Answer:
the firm's average salary increased by 40%
Explanation:
the average salary for last year = [(5 x $25,000) + (2 x $60,000) + $255,000] / 6 = $500,000 / 6 = $83,333.33
this year's average salary = [(5 x $25,000) + (2 x $60,000) + $455,000] / 6 = $700,000 / 6 = $116,666.67
this means that the average salary has increased by = [($116,666.67 - $83,333.33) / $83,333.33] x 100 = 40%
Answer:
The correct answer is letter "C": usage of the most abundant factors of production, while the focus of the comparative advantage theory is on the productivity of the production process.
Explanation:
The Factor Productions theory, also known as the <em>Heckscher-Ohlin</em> theory, is a concept that tries to explain how international trade works. It is based on the focus that production increases capital and labor to an equal importance level. While, the Comparative Advantage theory is defined as the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitor.
Answer:
c
Explanation:
ur multiplication is involved
