Ways in which landscape can be created .plz answer this

Consider the economies of Hermes and Gobbledigook, both of which produce gobs of goo using only tools and workers. Suppose that,

enyata [817]

Answer:

Hermes

Productivity (Gobs per worker)

2016 100

2036 120

Gobbledigook

Productivity

(Gobs per worker)

2016 80

2036 120

Initially, the number of tools per worker was higher in Hermes than in Gobbledigook. From 2016 to 2036, capital per worker rises by 4 units in each country. The 4-unit change in capital per worker causes productivity in Hermes to rise by a SMALLER amount than productivity in Gobbledigook. This illustrates the effect OF CATCH UP which makes it POSSIBLE for countries with low output to catch up to those with higher output.

Explanation:

Hermes

Year Physical Capital Labor Force Output Productivity

(Tools per worker) (Workers) (Gobs of goo) (Gobs per worker)

2016 11 30 3,000 3,000/30=100

2036 15 30 3,600 3,600/30=120

Gobbledigook

Year Physical Capital Labor Force Output Productivity

(Tools per worker) (Workers) (Gobs of goo) (Gobs per worker)

2016 8 30 2,400 2,400/30=80

2036 12 30 3,600 3,600/30=120

Initially, the number of tools per worker was higher in Hermes than in Gobbledigook. From 2016 to 2036, capital per worker rises by 4 units in each country. The 4-unit change in capital per worker causes productivity in Hermes to rise by a SMALLER amount than productivity in Gobbledigook. This illustrates the effect of CATCH UP which makes it POSSIBLE for countries with low output to catch up to those with higher output.

4 0

3 years ago

If the demand for a product decreases, we would expect a equilibrium price and equilibrium quantity to both decrease. b equilibr

seropon [69]

Answer:

a. Equilibrium price and equilibrium quantity to both decrease.

Explanation:

When the demand of a product decreases, it generates an excess supply at the initial price and this will generate the price to decrease. When the price goes down, suppliers are not willing to sell the same amount of products which will cause a decrease in the quantity.

8 0

3 years ago

a. Inventory, Beginning 300 $ 12 For the year: b. Purchase, April 11 900 10 c. Purchase, June 1 800 13 d. Sale, May 1 (sold for

dem82 [27]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Inventory, Beginning: 300 units at $ 12

For the year:

Purchase, April 11: 900 units at $10

Purchase, June 1: 800 units at $13

Sale, May 1 (sold for $40 per unit) 300

Sale, July 3 (sold for $40 per unit) 600

Units sold= 900 units

Inventory= 2000 - 900= 1,100 units

We will assume periodic inventory:

FIFO (first-in, first-out)

COGS= 300*12 + 600*10= $9,600

Inventory= 300*10 + 800*13= $13,400

LIFO (last-in, first-out)

COGS= 800*13 + 100*10= $11,400

Inventory= 800*10 + 300*12= $11,600

8 0

3 years ago

On March 1, 2019, Baltimore Corporation had 65,000 shares of common stock outstanding with a par value of $5 per share. On March

andreyandreev [35.5K]

Answer:

retained earnings 175,500

common stock 48,750

paid in excess of par 126,750

Explanation:

The diivdends are 15% so we multiply this by the shares outstanding to know the amount of shares:

65,000 x 15% = 9,750 shares

Then we multiply by the market value to know the amount needed:

9,750 x $18 market value = $175,500 stock dividends

The common stock will be 9,750 at par

and the remainder will be paid in excess.

9,750 x 5 = 48,750 CS

175,500 - 48,750 = 126,750

7 0

3 years ago

During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as foll

hram777 [196]

Answer:

the net sales for the two months is $2,448

Explanation:

The computation of the net sales for the two months is shown below:

= Sale made on Jan 6 + sale made on Jan 6 + sales made on Feb 28 - discount on sale made on Jan 6

= $1,400 + $690 + $400 - ($1,400 × 3%)

= $2,490 - $42

= $2,448

hence, the net sales for the two months is $2,448

The same is to be considered

5 0

2 years ago

Ways in which landscape can be created .plz answer this ​

Ways in which landscape can be created .plz answer this