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Rom4ik [11]
3 years ago
15

Assume that England and Spain can switch between producing cheese and producing bread at a constant Labor Hours Needed to Make 1

Unit of Number of Units Produced in 24 Hours Cheese Bread Cheese BreadEngland 2 3 12 8Spain 3 6 8 4Assume that England and Spain each has 24 labor hours available. If each country divides its time equally between the production of cheese and bread, then total production is:_________. a. 10 units of cheese and 6 units of bread. b. 25 units of cheese and 7.5 units of bread. c. 20 units of cheese and 12 units of bread. d. 12 units of cheese and 8 units of bread.
Business
1 answer:
telo118 [61]3 years ago
8 0

Answer:

a. 10 units of cheese and 6 units of bread.

Explanation:

Total there are 24 labor hours

So, for each there is 12 hours

Now the distribution is as follows

For england

= 12 ÷ 2 + 12 ÷ 3

= 6 units + 4 units

= 10 units

For Spain

= 12 ÷ 3 + 12 ÷ 6

= 4 units + 2 units

= 6 units

Hence, the correct option is a

And, the same is to be considered

All other options are wrong

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Martin is comparing the characteristics of his company's water filters with those that are already being marketed in the local m
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Elaborate on the meaning of contemporary socio-economic issues.​
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Answer: See explanation

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3 years ago
Smiley Industrial Goods has $1,000 face value bonds on the market with semiannual interest payments, 13.5 years to maturity, and
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Answer:

Annual Coupon rate =  66.56990711 / 1000 = 0.06656990711 or 6.656990711% rounded off to 6.66%

Option B is the correct answer

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To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

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We will first calculate the value of semi coupon payment  made by the bond.

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