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3 years ago

Suppose we have a 2-person world, with only Stephen and his friend LeBron. Suppose that Stephen can move 70 boxes or bake

Business

2 answers:

USPshnik [31]3 years ago

7 0

Answer:

the correct answer would be D No, trade isn't possible, because Stephen has an absolute advantage in both making cookies and moving boxes.

Explanation:

Stephen can move 34 more boxes/hr and bake 19 more cookies/hr than Lebron can.

Anvisha [2.4K]3 years ago

6 0

D. No, trade isn't possible, because Stephen has an absolute advantage in both making cookies and moving
boxes.

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Use the chart to answer the questions. Year Potential GDP Real GDP 2017 $18.17 trillion $18.05 trillion 2018 $18.51 trillion $18

sineoko [7]

Answer:

a. Output gap for 2017 = –0.66%

b. Output gap for 2018 = 0.27%

c. From 2017 to 2018, the output gap became more positive.

Explanation:

The following are given in the question:

Year Potential GDP Real GDP

2017 $18.17 trillion $18.05 trillion

2018 $18.51 trillion $18.56 trillion

To calculate output gap in percentage form, the following formula is used:

Output gap = ((Real GDP - Potential GDP) / Potential GDP) * 100 ......... (1)

Therefore, we have:

a. Calculate the output gap for 2017. %

Using equation (1), we have:

Output gap for 2017 = ((18.05 - 18.17) / 18.17) * 100 = –0.66%

b. Calculate the output gap for 2018. %

Using equation (1), we have:

Output gap for 2018 = ((18.56 - 18.51) / 18.51) * 100 = 0.27%

c. From 2017 to 2018, the output gap became more .

Since the output gap in 2017 is negative while the output gap in 2018 is positive; this implies that from 2017 to 2018, the output gap became more positive.

8 0

3 years ago

In path-goal theory, the main components are ______, ______, and ________.

andre [41]

<span>Leader style, follower characteristics, work setting </span>Leader style, follower characteristics, and work setting.
In path goal theory, an organization will set its leadership style according to what best fit the employees and the work environment where they operate in order to increase employees' motivation

8 0

3 years ago

The advertising promise that captures the reason that people buy products is known as:____________.

umka21 [38]

Answer:

C) the selling proposition.

Explanation:

The selling proposition refers to the marketing strategy that creates awareness among the customers that the company own product is superior as compared with the competitor product in terms of price, quality, quantity, service, etc

This results the firm to gain the competitive advantage and the chances of capturing the market share in the market place should be high

Therefore in the given case, the option C should be selected

5 0

3 years ago

"Big Burger has 100,000 shares of common stock outstanding at a market price of $40 a share. There are 10,000 shares of 8 percen

oksano4ka [1.4K]

Answer:

weight % of equity = 76.05%

weight % of preferred stock = 5.70%

weight % of debt = 18.25%

Explanation:

calculation for equity:

total number of equity is 100,000

market price of stock = 40

so total value of stock = 40 × 100,000 = 4,000,000

calculation for preferred stock:

total number of share is 10,000

market price of stock = 30

so total value of stock = 30 × 10,000 = 300,000

calculation for debt:

total number of bond is 1,000

market price of bonds = 960

so total value of stock = 960 × 1,000 = 960,000

total value = 4,000,000 + 300,000 + 960,000 = 5,260,000

Calculation of weight percentage

weight % of equity = $\frac{4,000,000}{5,260,000} = 0.7604 = 76.04%$

weight % of preferred stock $= \frac{300,000}{5,260,000} = 0.0570 = 5.70$ %

weight % of debt $= \frac{960,000}{5,260,000} = 0.1825 = 18.25\%$

6 0

3 years ago

Suppose the demand for wheat increased dramatically between 1950 and 2000 but the equilibrium quantity increased only slightly.

Dahasolnce [82]

Answer:

Because Demand is more Inelastic.

Explanation:

Market Equilibrium is determined where Market Demand = Market Supply & upward sloping supply curve, downward sloping demand curve intersect .

If Demand is more inelastic (less respondent to price) , the demand curve is steeper. This implies massive increase i.e rightwards shift in demand curve - would establish new equilibrium with equilibrium quantity increased slightly.

4 0

3 years ago