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Katarina [22]
3 years ago
13

Kelly and David are both capable of repairing cars and cooking meals. Which of the following scenarios is not possible? a. Kelly

has a comparative advantage in repairing cars and David has a comparative advantage in cooking meals. b. Kelly has an absolute advantage in repairing cars and David has an absolute advantage in cooking meals. c. Kelly has a comparative advantage in repairing cars and in cooking meals. d. David has an absolute advantage in repairing cars and in cooking meals.
Business
1 answer:
Free_Kalibri [48]3 years ago
3 0

Answer:

c.

Explanation:

Based on the scenario being described within the question it can be said that the statement that is not possible would be Kelly having a comparative advantage in repairing cars and in cooking meals. This is because a when having a comparative advantage you are better at something but at the same time you are giving up other opportunity costs. Therefore in this scenario Kelly can only have a comparative advantage at either repairing cars or cooking meals but not both.

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A court order to compel or restrain a particular action is called
expeople1 [14]
I am pretty sure that correct definition looks like this: A court order to compel or restrain a particular action is called writ of injunction. For example, you have a lawn, and someone deliberately spoils it every day. You can apply to the court for the injunction against this person to deny the access to your lawn for this person.
4 0
2 years ago
Read 2 more answers
Monroe Construction Company uses the percentage-of-completion method of accounting. In 2013, Monroe began work on a contract it
deff fn [24]

Answer:

$2,400,000

Explanation:

Costs incurred during 2013 + estimated costs to complete (2014) = $9,600,000 + 6,400,000 = $16,000,000

The gross profit for all the project should be $20,000,000 - $16,000,000 = $4,000,000.

The $4,000,000 gross profit should be distributed as follows:

2013 = ($9,600,000 / $16,000,000) x $4,000,000 = $2,400,000

2014 = ($6,400,000 / $16,000,000) x $4,000,000 = $1,600,000

7 0
3 years ago
Toby’s current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utility from consuming cashews is
Ne4ueva [31]

Answer:

Toby is not maximizing his utility because MUp/Pp > MUc/Pc

Explanation:

given data

marginal utility consuming peanuts =  100 utils per ounce  

marginal utility  consuming cashews = 200 utils per ounce

peanuts cost = 10 cents per ounce  

cashews cost = 25 cents per ounce

solution

we know that Toby will have maximize utility when here

Marginal utility of peanut ÷  price of peanut  = Marginal utility of cashew  ÷ cash   ..........................1

MU (p) ÷ P (p) = MU (c) ÷ P (c)

put here value

\frac{100}{10} = \frac{200}{25}

but here

10 > 8

so we can say Toby is not maximizing his utility because MUp/Pp > MUc/Pc

8 0
3 years ago
Read 2 more answers
Management Theories, Inc. at a cash price of $1.5 million. Management Theories, Inc. has short-term liabilities of $500,000. As
Pavlova-9 [17]

Answer:

$1,102,820

Explanation:

 The computation of the net present value is shown below:

= Present value of yearly cash inflows - initial investment

where,

Present value of yearly cash inflows is

= Annual year cash inflows × PVIFA factor

= $300,000 × 2.9906

= $897,180

And, the initial investment is

= $1,500,000 + $500,000

= $2,000,000

So the net present value is

= $897,180 - $2,000,000

= $1,102,820

4 0
3 years ago
If you deposited $1,000 in a savings account that paid an annual percentage rate of 1 percent and that compounds quarterly, how
WARRIOR [948]

We will have an amount of $1,010.04 at the end of a year if you did not take out any funds.

<h3>What formula will be used to calculate the balance?</h3>

The future value formula will be used to calculate the total balance after a year.

Given that: A = $1,000, i = 1%, n = 1,  m = 4

Future value = $1,000 * (1 + 1%/4)^(1*4)

Future value = $1,000 * (1 + 0.0025)^4

Future value = $1,000 * 1.0025^4

Future value = $1,000 * 1.01003756254

Future value = $1,010.03756

Future value = $1,010.04

Therefore, we will have an amount of $1,010.04 at the end of a year if you did not take out any funds.

Read more about future value

<em>brainly.com/question/24703884</em>

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6 0
2 years ago
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