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svlad2 [7]
3 years ago
11

In one week, Sami can knit 5 sweaters or bake 240 cookies. In one week, Leila can knit 15 sweaters or bake 480 cookies. Which of

the following is correct? Question 6 options: a) Leila has an absolute and a comparative advantage in both tasks. b) Leila has an absolute advantage in both tasks and a comparative advantage in knitting sweaters. c) Sami has an absolute advantage in both tasks and a comparative advantage in knitting sweaters. d) Sami has an absolute and a comparative advantage in both tasks. e) Sami has an absolute advantage in both tasks and a comparative advantage in baking cookies.
Business
1 answer:
Alexandra [31]3 years ago
3 0

Answer:

B

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries

Leila makes more sweaters and cookies than Sami. She has an absolute advantage

opportuntiy cost

Sami :

Sweaters = 240 / 5 = 48

cookies = 5/240 = 0.02

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vladimir1956 [14]

Answer:

Corporate cultures can hinder individuals in making the "right" decisions.-c.

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3 years ago
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What can happen when international rivals compete against one another in multiple-country markets?
Genrish500 [490]

Answer:

It will initiate a trade war between countries.

Explanation:

When international rivals compete in the multi-country or global market, they usually show aggressive behaviour that initiates trade war between them and the countries. In order to compete in the market and to compete against each other, the rivals show aggressive behaviour in terms of profit and cost margins that helps the buyers to buy commodities of good quality and at low prices.

3 0
3 years ago
define a stock market bubble, describe what happens after a bubble, and explain how the law of supply and demand creates both bu
Stells [14]

Answer

<u>A bubble is a phenomena in investing that occurs when investors increase their demand in assets so much that they cause the price to move to a value beyond accurate reflection of its actual worthiness</u>. When a bubble happens, <u>the prices of stock will fall rapidly</u>.When there is increase in the share price of stock rapidly caused by individual-perpetuating, the share value can rise beyond asset value making investor to withdraw their money faster because <u>supply will exceed demand and cause share price to fall.</u>

An increase demand on assets by investors will make the price to increase beyond rational economic value. The real worth of the stock will now be determined by firm’s performance. Investing in bubble can appear to last forever, but because they are formed by self-perpetuated reasons, they eventually fall and the money that was invested into them is lost. In such cases, investors would run to withdraw their money and avoid the loss of fall in share prices.

8 0
3 years ago
The manufacturing operations of a company had the following balances for the year: Beginning Balance Ending Balance Raw material
Mekhanik [1.2K]

Answer:

The Adjusted Cost of Goods Sold for the year is $926,000

Explanation:

The formula to compute COGS is:

Ending inventory = Opening inventory + Work in progress - Unadjusted COGS (Cost of Goods Sold)

$ 23,000 = $28,000 + 918,000 - COGS

COGS = $946,000 - $23,000

           = $ 923,000

The formula to compute the Adjusted Cost of Goods Sold is:

Adjusted Cost of Goods Sold = Unadjusted Cost of Goods Sold + Under- applied overhead

= $923,000 + $3,000

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3 0
3 years ago
Employees at an insurance company were complaining about the form used for evaluating employee effectiveness. Their complaints w
jarptica [38.1K]

Answer:

Procedural

Explanation:

-Procedural justice refers to having a fair and transparent process that is used to make decisions.

-Interpersonal justice refers to treating people affected by a procedure in a respectful way.

-informational justice refers to letting people know why certain decisions were made.

-Distributive justice refers to a fair distribution of resources among people.

According to this, the answer is that their complaints were related to procedural justice because when they complaint about the form used for evaluating employee effectiveness they are talking about the process that is used to make the evaluations.

The other options are not right because the situation doesn't refer to how people is treated, the information of the process or the distribution of resources.

8 0
3 years ago
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