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zmey [24]
2 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]2 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.

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On January 1, Boston Enterprises issues bonds that have a $2,100,000 par value, mature in 20 years, and pay 7% interest semiannu
yulyashka [42]

Answer:

$73,500

Explanation:

Calculation to determine How much interest will Boston pay (in cash) to the bondholders every six months

Semiannual cash interest

payment =$2,100,000 × 7% × 1/2

Semiannual cash interest

payment = $73,500

Therefore How much interest will Boston pay (in cash) to the bondholders every six months is $73,500

7 0
2 years ago
Baker earned $113,300 of salary as an employee in 2012. How much should his employer have withheld from his paycheck for FICA ta
Murrr4er [49]

Answer:

Employer should withheld $1,643 from Baker's salary

Explanation:

Baker earned $113,300 in 2012. As on 2012, FICA tax rate withheld from employee's salary is 7.65% that constitutes 4.5% of social security, 1.45% of medicare taxes and 2% additional for employees whose wages exceed $18,350.

The gross income base for social security part has increased in 2012 to $110,100. This is not applicable for medicare tax of 1.45%.

Here, Baker's salary of $113,300 is above social security limit, so his income will not be withheld for social security. However, 1.45% of his salary will be withheld for medicare tax.

Therefore, $1,643 that is 0.0145×113,300 is withheld from his salary.

5 0
3 years ago
Explain<br> What an<br> organization High- uncertainty is
Korolek [52]
In a country with a high uncertainty avoidance majority of people have an increased level of anxiety about uncertainty and ambiguity
5 0
2 years ago
A company incurs total costs of $8,000 to process Product A. The company can then sell Product A as is for total daily revenue o
DochEvi [55]

Answer:

As the gross profit is the same for both products It is better to choose Product A because Product Z needs further processing a day , so time can also be the constraint.

Explanation:

Process Cost of Product A = $ 8000

Sale of Product A= $ 22,500

Gross Profit For A= $ 14,500

Process Cost of Product Z= $ 8000 + $4200= $ 12,200

Sale of Product Z= $ 26,700

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The gross profit for both products is same but product Z requires additional day for further processing so it is better to choose Product A.

3 0
3 years ago
Most jobs are handed down from parent to child in a:
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Answer:

traditional economy.

Explanation:

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3 years ago
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