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lara [203]
3 years ago
14

In italy, an automobile can be produced by 8 workers in one day and a washing machine by 3 workers in one day. in the united sta

tes, an automobile can be produced by 6 workers in one day, and a washing machine by 2 workers in one day. please don't abbreviate the country name for your answers (use italy.united states).
a. has an absolute advantage in the production of automobiles? has an absolute advantage in washing machines?
b. has a comparative advantage in the production of washing machines? has a comparative advantage in automobiles?
c. this means that should specialize in washing machines and should specialize in automobiles. blank 1: blank 2: blank 3: blank 4: blank 5: blank 6: question 2 shadow and kodi are stranded on a tropical island. in 1 hour kodi can cut down 12 coconuts or catch 8 fish. in 1 hour shadow can cut down 10 coconuts or catch only 5 fish. who has absolute advantage in cutting down coconuts? who has absolute advantage in catching fish? who has comparative advantage in cutting down coconuts? who has comparative advantage in catching fish? if they each spend one-half of our time cutting down coconuts and catching fish, how many coconuts and fish can they produce in total between us in two hours? if they decide to specialize, how many coconuts and fish can they produce in total between us in two hours? please put you answers in fractions. answers 1. has the absolute advantage in cutting down coconuts. has the absolute advantage in catching fish. 2. has the comparative advantage in cutting down coconuts. has the comparative advantage in catching fish. shadow's opportunity cost for producing coconuts is fish. shadow's opportunity cost for catching fish is coconuts. kodi's opportunity cost for producing coconuts is . kodi's opportunity cost for catching fish is . 3. between them they can produce cocunuts and catch fish. 4. if they decide to specialize they can produce coconuts in 2 hours and catch fish in 2 hours.
Business
1 answer:
aksik [14]3 years ago
3 0
<span>The united states has an absolute advantage in the production or automobiles and an advantage in washing machines. Italy has a comparative advantage in automobiles . this mean that Italy should specialize in washing machines and the united states in automobiles. Kodi has the absolute advantage in cutting down coconuts and the absolute advantage in catching fish.</span>
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Question 1 (2 points)
inn [45]

Answer:

True

Explanation:

The principal purpose of building a business is to make profits.  A business must provide solutions to particular needs and wants in the community to attract customers. Different entrepreneurs will offer alternative or similar solutions to a specific situation.

Anyone starting a business will target a particular set of customers. He or she must be ready to complete for those customers with other like-minded entrepreneurs. Competition is good in business as it makes entrepreneurs innovate on the best ways to serve their customers. It also gives customers alternatives.

8 0
3 years ago
You are the marketing officer for either a large hotel or a car dealer. Produce a report for
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5 0
3 years ago
Richards Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000. It had 50,000 shares of co
Scilla [17]

Answer:

Option (d) 7 times

Explanation:

Data provided in the question:

Net income = $250,000

Dividends paid to common stockholders = $50,000

Common stock outstanding = 50,000

Selling price of the common stocks = $35

Now,

The price-earnings ratio is calculated as:

⇒ ( Stock price ) ÷ ( Earnings per share )

also,

Earnings per share = ( Net income ) ÷ ( common stock outstanding )

= $250,000 ÷ 50,000

= $5

or

Price-earnings ratio = $35 ÷ $5

or

Price-earnings ratio = 7 times

Option (d) 7 times

4 0
3 years ago
Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data
ehidna [41]

Answer:

a.$7.43 per machine hour

Explanation:

The computation of the single plant wide rate is shown below:

Single plant wide rate = Total overhead cost ÷ Machine hours

where,

Total overhead cost = $84,000 + $72,000 = $156,000

And, the machine hours is

= 1,000 units × 5 + 2,000 units × 8

= 5,000 + 16,000

= 21,000 machine hours

So, the single plant wide rate is

= $156,000 ÷ 21,000 machine hours

= $7.43 per machine hour

4 0
4 years ago
Assume the following information concerning two stocks that make up an index. What is the value-weighted return for the index? (
tatuchka [14]

Answer:

8.54%

Explanation:

Current Index value:

= [current total market value of index stocks] ÷ [Base year total market value of index stocks] × Base year index value

= [(69 × 35000) + (122 × 32500)] ÷ [(63 × 35000) + (113 × 32500)] × 100

= 108.54

Return in percent:

= ( 108.54 - 100 ) ÷ 100

= 8.54%

Therefore, the value-weighted return for the index is 8.54%.

8 0
3 years ago
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