Answer:
A. Mary produces only cakes while Tim produces only pies
Explanation:
I will start by describing the concept called comparative advantage. Comparative advantage can be described as a businesses ability to produce at a reduced or lower opportunity cost than others. Given this definition, we can see that Mary's opportunity cost of producing cakes is lower than Tims opportunity cost. So Mary has an advantage over Tim in the production of cakes. So the answer to this question is A. Mary should specialize in the making of cakes while Tim should specalize in pie making
Answer:
a. The regular semimonthly earnings
regular semimonthly earnings = [34 hours + 34 hours + (10 hours - 2 hours)] x [$2,437 / (34 hours x 4)] = 76 hours x $17.92/hr = $1,361.85
b. The overtime earnings
overtime earnings = 2 hours x [$2,437 / (34 hours x 4)] x 1.5 = $53.76
c. The total earnings
total earnings = $1,361.85 (regular earnings) + $53.76 (overtime earnings) = $1,415.61
Answer:
Innovation for new products occurs which keeps firms competitively challenged
Explanation:
Free trade can be regarded as a
theoretical policy , that governments use when there is no imposition of
tariffs/taxes, as well as duties on imports as well as exports.
free trade can be regarded as the opposite of protectionism. It should be noted that One advantage of free trade is Innovation for new products occurs which keeps firms competitively
Answer:
Forces in the task environment have a more immediate and direct effect on managers than forces in the general environment.
Explanation:
A general working environment can be defined as an environment that contains the different lineup global, technological, sociocultural, and political forces that that influence or affect various organizations while a task working environment on the other hand entails various units, set, groupings of forces that has its root(origin) with global suppliers, distributors, customers, and competitors in the business world.
while the general environment has an assemblage of outside(external) hold like the environment, technology, economic conditions, demographics, sociocultural forces, political e.t.c the task environment differs from it because it comprises of the various effort put into place by companies to get or acquire necessary materials, like products for making the shoes, bags or revenue(income ) from sales and their ability and knowledge of how to deliver outputs by exportation of goods and services.