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Alex787 [66]
3 years ago
9

If the United States could produce five televisions per hour of labor and China could produce three televisions per hour of labo

r, would it necessarily follow that the United States should specialize in television production? Why or why not?
Business
1 answer:
IRISSAK [1]3 years ago
7 0

Answer:

US specialisation in TV can be stated on the basis of Absolute Advantage, not comparative advantage.

Explanation:

Absolute Advantage is when a country can produce more output per input of a commodity, than other country.

Comparative Advantage is when a country can produce a good at lower opportunity cost (in terms of other sacrifised)

China can produce more (ie 5 units television) per hour employed, compared to US able to produce lesser (3 units) in the same time. So, on the basis of Absolute Advantage, it can be stated that US should specialise in TV production.

However, since other good's details have not been given. So, we cannot attain the relative opportunity costs. Hence, specialisation on the basis of comparative advantage can't be stated.

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3 years ago
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Ede4ka [16]
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3 years ago
West Corp. issued 20-year bonds two years ago at a coupon rate of 8.3 percent. The bonds make semiannual payments. If these bond
lora16 [44]

Answer:

Yield to Maturity (YTM) is 7.94 %.                      

Explanation:

Yield to Maturity (YTM) refers to internal rate of return that bond holder will earn if he purchased the bond today at the current market price and held it till maturity of the bond.

Yield to Maturity of the the bond = [Coupon payment+ (Future value of bond - Present value of bond / no. of Periods)] / [(Future value of bond + Present value of bond)/2] ---- (a)

Bond maturity period = 20 years

Coupon rate = 8.3 %

Par Value = 1000

No. of periods = 2 x 20 = 40 (semi- annual)

Coupon payment = 8.3 % x 1000 = 83 = 83/2 = 41.5 (Semi-annual)

Present value of bond = 104 percent of Par value = 104

Future value of bond = 1000

YTM = ?

Putting the values in equation (a),

Semi annual YTM = [41.5 + (1000-1040 / 40)] / [(1000 + 1040)/2]

Semi annual YTM = [41.5 + (-40/40) ] / [(1040)/2]

Semi annual YTM= [41.5 - 1] / 1020

Semi annualv YTM =  40.5 / 1020 = 0.0397

Hence, Annual yield to maturity = 0.0397 x 2 = 0.0794 or 7.94 %.

6 0
3 years ago
You own a portfolio that has $1,600 invested in Stock A and $2,700 invested in Stock B. Assume the expected returns on these sto
Rina8888 [55]

Answer:

the expected return on the portfolio is 14.77%

Explanation:

The computation of the expected return on the portfolio is shown below:

The expected return is

= ($1,600 ÷ $4,300) × 11% + ($2,700 ÷ $4,300) × 17%

= 14.767 %

= 14.77%

The $4,300 comes from

= $1,600 + $2,700

= $4,300

hence, the expected return on the portfolio is 14.77%

The same is considered

3 0
3 years ago
Each of these statements is true if you work forty-five hours in the same pay period:
Lilit [14]

Answer:

You will have worked five hours overtime

Explanation:

In standard work hours in most companies/organizations, the work hours weekly is usually 40 hours.

So if on works for 45 hours in the same pay period, it means such a person has worked 5 additional hours which is overtime.

Thus, option C is correct.

7 0
3 years ago
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