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Alexus [3.1K]
3 years ago
13

Ben and Jerry were currently both producing at point A on their production possibilities frontier and then Ben decided he would

be willing to trade 4 pounds of cones to get 2 pounds of ice cream from Jerry. If both decided to specialize in what they had a comparative advantage in and trade, the gains from trade would be a. 1 pound of cones for Ben and 1 pound of ice cream for Jerry. b. 1 pound of ice cream for Ben and 1 pound of cones for Jerry. c. 2 pounds of ice cream for Ben and 2 pounds of cones for Jerry. d. 2 pounds of ice cream for Ben and 1 pound of cones for Jerry.
Business
1 answer:
Gnesinka [82]3 years ago
6 0

Answer:

b. 1 pound of ice cream for Ben and 1 pound of cones for Jerry.

Explanation:

Ben and Jerry both produce ice cream. They can have comparative advantage with producing the specialized product. Ben can gain from the trade if it produces more of ice cream and less or no cones. Jerry would gain the comparative advantage if it would produce cones for the ice cream. Both of them can have comparative advantage by selling the specialized products to each other.

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Larry's parents divorced when he was 5. His father moved out of the area, and his mother is kept busy with trying to keep a roof
Aleks [24]

Answer:

The correct word for the blank space is:  Permissive.

Explanation:

Permissive parenting is the style by which parents allow their children to do what the children consider best for them, even if it is not necessarily correct. Under this approach, parents are seen more like friends since they do not provide the children with a well-established set of rules.

3 0
3 years ago
If the required reserve ratio is 2.50 percent, what is the monetary multiplier? if the monetary multiplier is 5, what is the req
ludmilkaskok [199]

If the required reserve ratio is 2.50 percent, the monetary multiplier is 40.

The money multiplier gives us the ratio of deposits to reserves (i.e. 1/R). That means, if the reserve ratio is 2.50% (i.e. 0.025), the money multiplier is 40 (i.e. 1/0.025). Thus, an initial deposit of USD 1,000 will end up creating a total of USD 40,000 in new money.

If the monetary multiplier is 5, the required reserve ratio is 20%.

Playing with the original multiplier formula, we can derive that R=1/m (m is money multiplier). If the money multiplier is 5, then the reserve ratio is 20% (i.e. 1/5 or 0.20).

8 0
3 years ago
XYZ, Inc. has a beta of 1.06. The risk-free rate is 6 percent and the expected return of the market is 15.25 percent. What is XY
cestrela7 [59]

Answer:

15.8%.

Explanation:

Calculation for XYZ's cost of equity using the CAPM

Using this formula

Cost of equity = Rrf + βi[E(Rm) - Rrf]

Let plug in the formula

Cost of equity= 6% + 1.06×[15.25% - 6%]

Cost of equity= 6% + 1.06×9.25%

Cost of equity= 15.8%

Therefore the Cost of equity will be 15.8%

4 0
3 years ago
When the price of a good increases, it undoubtedly hurts individual consumers, since they now have to pay more for a particular
ludmilkaskok [199]

Answer:

The answers that apply are:

(B) The price for a hunting license is increased in an effort to reduce the number of hunters.

(C) A law is passed increasing the price of cigarettes in an effort to decrease secondhand smoke.

Explanation:

Hunting is a practice that governments are trying to control and decrease.  So if government want to decrease the amount of people hunting they should increase the price of the licence.

Smoking is unhealthy,  so the law increase the price for healthy reasons.  

5 0
3 years ago
Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches
shutvik [7]

Answer:

Fixed Overheads Spending Variance = $5,000 Unfavorable(U).

Fixed Overheads Spending Variance = $20,000  Favorable (F).

Explanation:

Fixed Overheads Spending Variance = Actual Fixed Overheads  - Budgeted Fixed Overheads

                                                              = $305,000 -  $300,000

                                                              = $5,000 Unfavorable(U).

Fixed Overheads Spending Variance = Fixed Overheads at Actual Production  - Budgeted Fixed Overheads

                                                              = ($5.00 × 64,000) - $300,000

                                                              = $320,000 - $300,000

                                                              = $20,000  Favorable (F)

3 0
3 years ago
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