1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zmey [24]
3 years ago
10

Eric and Deborah are partners at a law firm. They are trying to determine which of them has a comparative advantage in typing th

e 25 pages required for a sales pitch to a prospective client.
Eric can type 20 pages per hour. For other activities, he can bill clients $500 per hour. Eric's opportunity cost of typing pages is_____per page.
Deborah's opportunity cost of typing pages is 25% lower than Eric's. However, as the senior partner, her billing rate is 20% higher. Based on all of these facts,_____has a comparative advantage in typing pages.
Business
1 answer:
Sergio [31]3 years ago
6 0

Answer:

Eric's opportunity cost of typing pages is <u>$25</u> per page.

Based on all of these facts, <u>Deborah</u> has a comparative advantage in typing pages.

Explanation:

Eric's opportunity cost of typing is $500 / 20 pages = $25 per page.

Since's Deborah's opportunity cost of typing pages is 20% less than Eric's, then she has a comparative advantage in typing pages.

The person, business or country with the lowest opportunity cost has the comparative advantage in producing that good.

You might be interested in
Calculation of Cost of Goods Sold: Periodic Inventory System with Sales Returns and Allowances
andrey2020 [161]

Answer:

 73,450  COGS

Explanation:

From the beginning inventory we add up purchase and freight cost and subtract the return made to the suplier and discount and allowance granted.

This will be the total cost available for sale.

Then we subtract the ending inventory to get the COGS

  27,000 beginning inventory

+ 78,000 purchases

+      350 freight-in

-   3,900 return and allowance

<u>-   6,000 </u>discount  

 95,450   good available for sale

<u>- 22,000 </u>ending inventory

 73,450  COGS

The sales return impact the sales revenue not the COGS

7 0
3 years ago
Allie is having three friends over to order pizza and watch a movie that just came out on DVD. She wants to make sure that she i
Lana71 [14]

Hey there,

Allie could look up coupon and discount deals for the pizza. She could ask each of her friends to chip in a small amount of money to help with the costs. Another thing she could do is compare the prices of DVD's from various stores.

:)

4 0
3 years ago
Read 2 more answers
What tends to cause structural unemployment?<br> Economics
Yuri [45]

Answer:

Structural unemployment occurs because workers lack the requisite job skills or live too far from regions where jobs are available and cannot move closer. Jobs are available, but there is a serious mismatch between what companies need and what workers can offer.

Explanation:

4 0
3 years ago
The CFO of company ABC wants to give every employee a 3% raise, but would like a report to confirm if this is possible. Write an
katrin [286]

Answer:

For such a report , the sql query required would be:

SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;

Explanation:

For such a report , the sql query required would be:

SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;

In the above  sql query  employee id is emp_id , curr_salary is the current salary column.  "curr_salary*1.03" is been made because an increment of 3% means salary + salary*3% , that is , salary*1.03.

4 0
3 years ago
Please help or going to jump off a really high bridge
Sedbober [7]

Answer:

join pa dlet to get the answers

Explanation:

7 0
3 years ago
Other questions:
  • Why does an organization prepare a Balance Sheet? A. to reveal what the organization owns and owes at a point in time B. to reve
    12·1 answer
  • What is the one thing that is both a strength and a weakness for the rail industry?
    8·1 answer
  • Crane Company can produce and sell only one of the following two products: Oven Contribution Hours Required Margin Per Unit Muff
    13·2 answers
  • Sarah opened her last month's bank statement, today, to find she had an ending bank balance according to First Bank of Broad Rip
    14·1 answer
  • Anheuser-Busch, InBev NV, the maker of Bud Light, proposed a merger with Modelo, the maker of Corona. At the time of the propose
    13·1 answer
  • Briny Sail Makers manufactures sails for sailboats. The company has the capacity to produce 35,000 sails per year and is current
    8·1 answer
  • Foote Company was granted a purchase discount of $200 on merchandise the company had purchased a few days ago. Foote uses the pe
    15·1 answer
  • The information below pertains to Barkley Company for 2015.
    7·1 answer
  • A company has two options for manufacturing boots. The manual process has monthly fixed costs of $26,380 and variable costs of $
    10·1 answer
  • Three shareholders brought an action in federal district court for a violation of federal securities law against a corporation.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!