Answer:
By comparing the opportunity cost of producing shoes in the two countries, you can tell that <u>SPAIN</u> has a comparative advantage in the production of shoes and <u>GERMANY</u> has a comparative advantage in the production of jeans.
Suppose that Spain and Germany consider trading shoes and jeans with each other. Spain can gain from specialization and trade as long as it receives more than <u>3 PAIRS</u> of jeans for each pair of shoes it exports to Germany. Similarly, Germany can gain from trade as long as it receives more than <u>¹/₁₁ PAIR</u> of shoes for each pair of jeans it exports to Spain.
Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of jeans) would allow both Germany and Spain to gain from trade?
- 4 pairs of jeans per pair of shoes
- 6 pairs of jeans per pair of shoes
Explanation:
Opportunity costs refer to the extra costs or benefits lost resulting from choosing one investment or activity over another alternative. In this case, if Spain specializes in the production of shoes, it will not produce jeans anymore. The opposite would happen to Germany.
Answer:
Answer for the question : Stan's tax for 2018 =105+240 = $345.
"Unearned Income of Minor Children and Certain Students (LO 6.4) Brian and Kim have a 12-year-old child, Stan. For 2019, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. No election is made to include Stan's income on Brian and Kim's return. Click here to access the income tax rate schedules and the trust and estate tax rate schedules.a. For purposes of the tax on a child's unearned income, calculate Stan's taxable income.b.Calculate Stan's earned taxable income."
is explained in the attachment.
Explanation:
Answer:
Explained below
Explanation:
- A price support in the market for an agricultural product will increase the quantity that's produced and also decrease the quantity being consumed which will in turn create a surplus.
- Now, to maintain this support price, the government usually will buy the surplus and then subsidize the producer.
- This price support will be of great benefit to the producer but on the other hand it will cost the consumer/taxpayer more than the producer will profit thereby creating a deadweight loss.
- In summary, this price support can be said to be inefficient and is normally unfair.
Sixty percent of Americans viewed the United States intervening in WWI as a mistake. As of August of 1914, the US was officially a neutral state when it came to the whole debacle that was happening in Europe. However, the large bank corporations like J.P. Morgan loaned the Allies WAAAAAY more money than they should have, which then meant we were on the side of the Allies. Basically, it wasn't the people's desire to be in the war, but it was the banks that launched us into it.
Answer:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual hours
Explanation:
Giving the following information:
The production used 2.5 labor hours per finished unit, and the company paid $21 per hour, totaling $52.50 per unit of finished product.
<u>We weren't provided with enough information to solve the problem. We need estimated production hours and rates. But, I can leave the formula to solve it.</u>
To calculate direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Hours
