Answer:
Casey's opportunity cost of producing 1 kg of potatoes is 5 kg of steak.
Casey's opportunity cost of producing 1 kg of steak is 0.2 kg of potatoes.
Rick's opportunity cost of producing 1 kg of potatoes is 3 kg of steak.
Rick's opportunity cost of producing 1 kg of steak is 0.33 kg of potatoes.
Casey should produce steak while Rick should produce potatoes, since Rick has a comparative advantage in producing potatoes (lower opportunity cost) and Casey has a comparative advantage in producing steak.
As long as the price of steak per kilogram of potatoes is less than 5 kg of steak and more than 3 kg of steak, then both would win. In order for both of them to win is a similarly proportional way, the exchange price should be 4 kg of steak per kg of potatoes.
Answer:
nonrepudiation.
Explanation:
Non repudiation is assurance that you cannot deny something.
It refers to ensure that a person to contract cannot deny the sending of the message that they originated.
So when Joe sends a withering email to this about the work hours have increased.So when Joe tries to deny sending the mail and unable to deny the sending because of the use of digital signature it is an example of nonrepudiation.
Answer:
$46,666.67
Explanation:
Henri earned a salary of $50,000 in 2001
He earned $70,000 in 2006
The consumer price index in 2001 was 177 and in 2006 was 265.5
Therefore his salary in 2001 can be calculated as follows
= 70,000/265.5 × 177
= 263.65 × 177
= 46,666.67
Answer:
The correct answer is $20,772.92.
Explanation:
According to the scenario, the given data are as follows:
Payment (pmt) = $12,000
Rate of interest = 5.50%
Rate of interest per month (r) = 5.50 / 12 months = 0.46%
Time = 10 years (n) = 120 months
So, the future value can be calculated by using following formula:
Future value = PMT ×(1+r)^n
= $12,000 × ( 1 + 0.46% )^120
= $20,772.92
Hence, the future value at the end of 10 years will be $20,772.92.
