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diamong [38]
3 years ago
9

In an hour, Henry can wash 20 windows or clean 2 bath tubs. In an hour, Rose can wash 30 windows or clean one bath tub. If their

father Dave allows them to trade chores to achieve gains from trade, who will specialize in what?
Henry will wash the windows; Rose will clean bath tubs.

Henry and Rose will both clean bath tubs.

Henry will clean bath tubs; Rose will wash the windows.

There are no gains from trade in this situation.
Business
1 answer:
marysya [2.9K]3 years ago
6 0

If their father Dave allows them to trade chores to achieve gains from trade then "Henry will clean bath tubs; Rose will wash the windows".

<u>Option: C</u>

<u>Explanation:</u>

In this scenario Henry is washing 20 windows or 2 bath tabs in an hour, which showcase his average washing of 10 windows over 1 bath tab in half hour. While here Rose is washing 30 windows or 1 bath tab in an hour by giving average of 15 windows over half bath tab in half hour, which is less than Henry's average of washing.

Thus on considering the above average of work performed by Henry and Rose in equal amount of given time for work, Henry is more prominent to be specialized in cleaning bath tubs while Rose will more expert in washing windows because she is cleaning more windows than Henry in same on hour of time.

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Worker's Compensation, because the injury occurred by an employee in the course of performing their job.

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3 years ago
Last year Mason Inc. had a total assets turnover of 1.33 and an equity multiplier of 1.75. Its sales were $320,000 and its net i
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Answer: d. 3.82%

Explanation:

ROE = Net Income / Equity so Equity need to be ascertained.

1.75 = Total Assets/ Total Equity

Total Equity = Total Assets/ 1.75

1.33 = Revenue / Total Assets

Total Assets = Revenue / 1.33

= 320,000/1.33

= $240,601.50

Total Equity = 240,601.50/1.75

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Old ROE = 10,549/ 137,489.57

= 0.07672582

= 7.67%

New ROE = (10,549 + 5,250) / 137,489.57

= 0.11491053466

= 11.49%

Difference = 11.49 - 7.67

= 3.82%

4 0
3 years ago
Dan works 50 to 60 hours a week supervising a group of engineers. He realizes that he is spending too much time training new eng
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Answer:

The correct answer is letter "B": Identifying alternative solutions.

Explanation:

By identifying alternative solutions someone is trying to discard the solution of a problem over another because one of them is helpful but carries a problematic situation. In this process, it is important to identify in what way an objective can be reached without implying affecting other areas or people involved.

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Joe watches Wall Street Week every week. He then throws a dart at the Wall Street Journal. He buys whatever the dart hits. If he
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Answer:

The correct answer is d. none of the above.

Explanation:

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In this case, it may be that there are no products that replace Wall Street, and people are required to purchase it so as not to lose any benefit. Surely because of the prestige of this publication and the guarantee it gives to buyers, despite not agreeing with it, there must be a decision motivated by any other factor.

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Answer:

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Karl Marx was a German economist that lived in the 19th century. His definition of capital as the most important factor of production was actually quite accurate and advanced for his time. He was the first major economist to state that capital by itself was enough to generate wealth.

He also proposed socialism as the higher stage of capitalism, which actually works in many European nations which are considered social democracies, e.g. Sweden, Norway, Denmark, Holland, Germany, etc., and at the same have the highest standards of living in the world.

Personally, I believe that his major flaw was to go a few steps further and believe in communism and that it would solve all of humanity's problems. Communism is not the same of socialism, since socialism believes in an economy under the influence of the state but also supports individual merit and private property. E.g. someone that works hard should be paid more, i.e. personal wealth is not bad. On the other hand, communism believes that the state must control the economy and that individuals should be rewarded based on their needs, not their work. It doesn't matter if you work hard or not even work at all, the state must satisfy your needs.

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