Answer:
The Ricardian Model as described by David Ricardo is a model which explains trade between two countries and the products which they are most likely to export. The answer to your problem is given below.
Explanation:
(a) Calculate the autarky price of Goods in both countries: pG, and p*G.
The autarky price here means a price at which there will be no trade between the two countries:
Data:
The marginal product of labor in service industry of home country:
MPLS = 1
The marginal product of labor in goods industry of home country:
MPLG = 1
The marginal product of labor in service industry of foreign country:
MPLS* = 1/4
The marginal product of labor in goods industry of foreign country:
MPLG* = 1/2
The price of services in home country is:
Ps = $2
The price of goods in foreign country is:
Ps* = 12 Pesos
As per current exchange rate, the value of 12 Pesos is equal to $0.63.
source: https://mxn.currencyrate.today/usd/12
Thus,
Ps* = $0.63
The autarky price of goods in both countries are calculated as follows:
Ps/PG = MPLS/MPLG
2/PG = 1/1
PG = $2
And,
Ps*/PG* = MPLS*/MPLG*
0.63/PG* = (1/4)/(1/2)
PG* = $1.26
Answer:
indirect costs
Explanation:
costs related to a particular cost object that cannot be traced to that cost object in an economically feasible way. cost assignment. general term for assigning costs, whether indirect or direct.
I hope it helps.
Answer:
The present value of the cash flows from your lottery winnings is $11,132,000.
Explanation:
Present Value of Lottery = $2,420,000
Annuity periods = 40
Present Value of annuity = P ( ( 1 - ( 1 + r / m )^-mt ) / r )
Present Value of annuity = 1,210,000 ( ( 1 - ( 1 + 0.09/2 )^-40 ) / 0.09 )
Present Value of annuity = 1,210,000 x 9.20
Present value of cash flow = $11,132,000
The present value of the cash flows from your lottery winnings is $11,132,000.
Answer: IKR. ive been working so hard.. im trying to make the brainliest users! i see people who never worked as hard as me and yet they are on the brainliest users!
Explanation:
About 18.65 million iphones were sold
