1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nata [24]
2 years ago
11

Bill and Fred bake cakes and pies. Bill's opportunity cost of baking 1 pie is 5 cakes. Fred's opportunity cost of baking 1 pie i

s 7 cakes. If both parties are to benefit from trade then we can expect 1 pie to sell for: Group of answer choices
Business
1 answer:
Nataly [62]2 years ago
4 0

Explanation:

Bill will benefit from trade If 1P > 3C and Fred will benefit from trade If 1P < 5C

Thus, both will benefit from exchange if 3C < 1P < 5C.

That means that both of them would benefit from trading if 1 pie are to be traded for more than 3 cakes and less than 5 cakes like 1 pie is exchanged for 4 cakes. (As a result, since both sides are to profit from exchange, we should expect 1 pie to be exchanged for 4 cakes)

You might be interested in
The price elasticity of supply is affected by
valentina_108 [34]

Answer:

B. the passage of time. 

Explanation:

Price elasticity of supply measures how sensitive quantity supplied are to changes in price.

Price elasticity of supply is determined by the passage of time.

Typically, in the short run, the elasticity of supply is usually inelastic. Prices do not usually impact quantity supplied because in the short run, some of the factors of production are fixed. But in the long run, the price elasticity of supply are more elastic.

The other factors listed above in the options affect the price elasticity of demand.

4 0
3 years ago
An initial decreasedecrease in a​ bank's reserves will decreasedecrease checkable deposits A. by an amount less than the decreas
svlad2 [7]

Answer:

The correct answer is B

Explanation:

Bank reserve is the minimum cash which is required to kept on hand through the financial institutions so that could meet the requirements of central bank.

Checkable deposits is a kind of any demand deposit account in anticipation of the checks or the drafts in any form which will be written. In short, it means that the owner of the account could withdraw funds on demand.

So, if the primary decrease in bank reserve will also decrease the checkable deposit as there would be no cash with bank to provide to customers by the amount that is greater than the decrease in the reserve.

8 0
3 years ago
Nash's Trading Post, LLC had a balance in the Accounts Receivable account of $761000 at the beginning of the year and a balance
WARRIOR [948]

Answer:

4

Explanation:

receivable turnover = net credit sales / average inventory

avarage iventory = ($761000 + $841000)  / 2 = $801,000

$3,204,000 / $801,000 =  4

8 0
3 years ago
What do you feel is the most important thing that you can do when saving money and what are some other ways you can save money.
Gnesinka [82]
Check your stuff to see what you already have and what you need.To go around buying everything you want just because its pretty.
4 0
3 years ago
Fast Fine Foods markets some of its products to consumers looking for simple, quick meals. Fast Fine Foods also offers another l
wlad13 [49]

Answer:

<u>Market segmentation.</u>

Explanation:

Market segmentation is a process used by an organization that divides its potential customer according to tastes, needs and characteristics and similarities between customer groups, with the aim of directing the marketing strategy and product line to each customer group. identify their particularities to meet their own needs more effectively.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Henry is demonstrating his gross motor skills when he picks up cheerios from his high-chair tray.
    12·1 answer
  • Which of the following is a way for states or local governments to raise revenues immediately?
    13·2 answers
  • Which of the following is a skill?<br> A. Sitting<br> B. Hearing<br> C. Dancing<br> O D. Talking
    7·2 answers
  • Eric receives a portion of his income from his holdings of interest-bearing U.S. government bonds. The bonds offer a real intere
    6·1 answer
  • Explain why the concept of an organization as an iceberg is important.
    14·1 answer
  • Miguel Alvarez in the accounting department at Baumer Company has provided the following information:
    15·1 answer
  • Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
    14·1 answer
  • Variable costs per unit: Manufacturing: Direct materials $ 26 Direct labor $ 10 Variable manufacturing overhead $ 2 Variable sel
    10·1 answer
  • In an organization with compensation that has ______ outcome interdependence, a(n) ______ portion of the employee's pay depends
    9·1 answer
  • On september 30, 2018, grover began preparing a trial balance worksheet. Which step occurs immediately after he prepares the inc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!