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kvasek [131]
3 years ago
5

Which phrase best completes the list?

Business
1 answer:
Jobisdone [24]3 years ago
8 0

Answer:a

Explanation:

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In the following situation, imagine you are a waiter at a restaurant. See if you can put this list of tasks in
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1. Answer a customer's question

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Mary makes 10 pies and 20 cakes a day and her opportunity cost of producing a cake is 2 pies. Tim makes 20 pies and 10 cakes a d
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If Mary and Tim specialize in the good in which they have a comparative​ advantage, ______.

Mary would specialize in making cakes while Tim would specialize in making pies.

Explanation:

a) Data and Calculations:

Mary's opportunity cost of making a cake = 2 pies

She can make additional 5 (10/2) cakes instead of making pies

This will increase her cakes to 25 a day (20 + 5)

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She can make additional 40 pies (10 * 4) instead of making cakes

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When they specialize there will be 25 cakes and 60 pies produced in a day instead of 30 cakes and 30 pies.

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3 years ago
If the demand for product x is inelastic, a 4 percent decrease in the price of x will.
NeTakaya

A 4 percent decrease in the price will lead to an increase in the quantity demanded by less than 4 percent.

<h3>What is demand?</h3>

Demand simply means the amount of goods and services that a buyer wants to buy at a particular price and time.

When the demand for product x is inelastic, a 4 percent decrease in the price of x will lead to an increase in the quantity demanded by less than 4 percent.

Learn more about demand on:

brainly.com/question/1245771

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2 years ago
What is information gathered for a research called?​
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Answer:

Data

Explanation:

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Comprehension and speed are the two most important traits in reading for business. Please select the best answer from the choice
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<em>Comprehension and speed are the two most important traits in reading for business</em><em> </em><em><u>True</u></em>

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