Answer:
Becky
Explanation:
A person has absolute advantage in the production of a good if she produces more quantities of the good compared to the other person.
Susan produces 4 pizzas in an hour while Becky produces 5 pizzas in an hour. So, Becky has an absolute advantage in the production of pizzas.
I hope my answer helps you
Answer: B and A
Explanation: Economic growth is the increase in the productive capacity of the economy. There will be a decrease in economic growth if more capital per hour is used as a result of the diminishing returns to capital.
Some economies maintain high growth rates despite diminishing returns to capital through the use of enhanced or better technology, coupled with accumulating capital. There are growth in such economies because unlike capital, technology is subject to increasing returns.
The correct question is:
Andrea wanted to purchase a gaming desktop computer. After a lot of research, she decided to buy a desktop from a retail store which was giving 3 videogames free with the computer. In this scenario, the gaming computer, along with free videogames, is an example of a(n) _____.
Answer:
Augmented Product
Explanation:
An augmented product is an intangible feature or add-on that comes with a product. For example warranty on a television, free customer support, free delivery, and so on.
This is a good sales strategy that differentiates a product from others on the market.
In the question above, the video games are an additional feature that adds value on this particular desktop computer, and differentiates it from others.
Answer:
15 years
Explanation:
Future value of Lumpsum = PV (1 + i)^n
PV = Present value = $4,500
i = interest rate = 8.5%
n = no. of compounding period = 15 years
So, FV = 4,500 * (1 + .085)^15
= 4,500 * 3.3997428788
= $15,298.84
When Eleanor choose to pay $500 for annual membership fee:
Future Value of annuity due = (1 + r) * P[((1 + r)n - 1) / r]
where P = Periodic payment = $500
i = interest rate = 8.5%
n = no. of compuding period = 15 years
So, FV of annuity due = (1 + .085) * 500[((1 + .085)^15 - 1) / .085]
= (1.085) * 500[(3.3997428788 - 1) / .085]
= (1.085) * 500 * 28.2322691624
= $15,316.01
So, within 15 years lifetime membership is cheaper than annual membership.
Answer:
Increase current liabilities by $278.25; increase non-current liabilities by $15,900.
Explanation:
Quarterly interest expense = Amount borrowed * (Annual interest rate / 4) = $15,900 * (7% / 4) = $15,900 * 1.75% = $278.25
Since, interest is paid at the end of the second and fourth quarters and principal payments are due at the end of each year, that means both the interest expense and the principal are still liabilities at the end of the first quarters.
It should be noted that a three-year promissory note of $15,900 is a non-current liability since its tenure is more than one year, while the quarterly interest expense of $278.25 for the first quarter is a current liability since it is dues within a year.
Therefore, the effect of this new promissory note on the current and non-current liability amounts reported on the classified balance sheet prepared at the end of the first quarter will be as follows:
Increase current liabilities by $278.25; increase non-current liabilities by $15,900.