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liberstina [14]
3 years ago
5

It takes Suzi 6 hours to sew a shirt and 4 hours to bake a cake. Anna can sew a shirt in 3 hours and bake a cake in 1 hour. If A

nna and Suzi decide to specialize and trade, who should make shirts?
Business
1 answer:
Darina [25.2K]3 years ago
8 0

Answer:

Suzi

Explanation:

Comparative advantage is the relative edge that a person has over another in the production of a product. They use less resources to produce the product than others.

When two parties corporate in production the good to produce can be shared base on who has comparative advantage or the person that loses less in a production process.

In the give instance

Suzi can produce a shirt in 6 hours while Anna produces it in 3 hours. Anna is twice as fast as Suzi.

Suzi can bake a cake in 4 hours while Anna can do so in 1 hour. So Anna is 4 times faster than Suzi in baking cakes.

It will be best for Suzi to make shirts since she is only twice as slow as Anna.

Anna will be better off baking cakes as she is four times as fast here.

You might be interested in
Which of these are mathematical laws that help us solve numerical problems? O A decimals O B. graphs O C. formulas OD. percentag
Nana76 [90]

Answer:

The answer is C. Formulas.

Explanation:

Formulas: It is just a mathematical rule that is expressed in numerals or some other symbols and is used to solve a numerical problem.

5 0
3 years ago
Steve introduces in-house technical training programs for employees, as well as a provision to reimburse the tuition fees for em
daser333 [38]

Answer:

B, High performance work practices

Explanation:

High performance work practices cab be defined as those practices that improve a firm's ability to attract, select, develop, hire as well as retain high performing personnel.

Simply put, high performances work practices can be defined as the ability of a company to attract high performing personnel to itself through selection, hiring, development, etc.

In the case of the question, Steve is doing his best to increase the effieciency of the employees by trainng, hiring, etc to ensure that the employees are high performance; which means the firm productivity will increase.

Cheers

8 0
3 years ago
Proponents of the notion of a "political business cycle" suggest that: 
A. The standardized budget is a better indicator of the
andreyandreev [35.5K]

Answer:

C. A possible cause of economic fluctuations is due to the use of fiscal policy for political purposes.

<em>Explanation:</em>

<em>During political business cycles the ups and downs of the economy are best explained through analyzing public policy. In a political business cycle we should expect that there will be some manipulations when using policy to try to make the politicians appear more competent than they are. In 1972, the Nixon administration basically increased the Social Security payments made to Seniors by 20%, 1972, was of course an election year, so the Nixon administration manipulated economic fluctuations due to his fiscal policy.</em>

<em />

4 0
3 years ago
A country sells more goods and services to foreign countries than it buys from them. It has Select one: a. a trade surplus and p
GREYUIT [131]

Answer:

a trade surplus and positive net exports. 

Explanation:

If a country sells more goods and services to foreign countries than it buys from them, it means the country's export is greater than its import. If export is greater than import, net exports (export- import ( would be postive.

Also, there would be a trade surplus.

 A trade surplus is when the value of export is greater than imports. 

I hope my answer helps you

5 0
3 years ago
The welding department supplies parts to the final assembly line. Management decides to implement a kanban system and has collec
const2013 [10]

Answer:

25 containers

Explanation:

The computation of the number of kanban containers required is shown below:

= (Lead time demand + Safety stock) ÷ Container size

where,

Lead time demand is

= 2,000 units × 4 days

= 8,000 units

Container size = 400 units

Safety Stock is

= 1 day × 2,000 units

= 2,000 units

So, the number of kanban containers required is

= (8,000 units + 2,000 units) ÷ (400 units)

= 25 containers

We simply applied the above formula

6 0
3 years ago
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