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3 years ago

Jamal and Keisha each earn money by washing cars and mowing lawns.

Business

2 answers:

mrs_skeptik [129]3 years ago

7 0

Answer:

B: Keisha can specialize in washing cars, because she has the comparative advantage.

C: Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.

E: Specialization allows them to earn more money.

Explanation:

Edg

Hitman42 [59]3 years ago

5 0

Answer:

Jamal and Keisha are considering entering into an agreement to trade tasks.

How can specialization of labor benefit Jamal and Keisha? Check all that apply.

Jamal can specialize in washing cars, because he has the comparative advantage.

Keisha can specialize in washing cars, because she has the comparative advantage.

Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.

Specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days.

Specialization allows them to earn more money.

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All of the following are the types of term insurance depending on how the face amount changes during the policy term EXCEPT (Cho

grigory [225]

Answer:

1- Increasing

Explanation:

Term insurance is kind of a life insurance which during a specified term promises payment in case of death and when that specified term comes to an end it can be renewed (renewable term), terminated or made permanent. There are three types of term insurances.

- Renewable

- Decreasing

- Level

There is no such policy as Increasing under term insurances.

Under renewable term insurance the insurer can renew on a yearly basis without specifying specific term.

Under decreasing term insurance the insurer pays a fixed amount for the duration of the policy. The coverage of this life insurance policy declines at a predetermined rate over the life of the policy that's why the name decreasing.

Under Level term insurance the insurer also pays a fixed amount and policies under this insurance type cover a period, mostly between ten to thirty years.

6 0

3 years ago

Richland’s real GDP per person is $10,000, and Poorland’s real GDP per person is $5,000. However, Richland’s real GDP per person

dangina [55]

Answer:

It will take approximately 36 Years to Poorland to catch up to Richland.

Explanation:

Given data:

The GDP increase in Poorland per year = 1 %

The GDP increase in Richland per year = 3 %

Calculations:

Step 1: For Richland:

The formula for calculating the per year GDP increase for Richland is:

GDP = 10,000 + (10,000 x (1/100)) ---- (1)

GDP for first Year = 10,100$

GDP for second Year = 10,201 $

Similarly using the formula (1) we calculated the values for 10 and 20 years

GDP for 10th Year = 11046.2$

GDP for 20th Year = 12201.9$

Step 2: For Poorland:

The formula for calculating the per year GDP increase for Poorland is:

GDP = 5,000 + (5,000 x (3/100)) ---- (1)

GDP for first Year = 5,150$

GDP for second Year = 5,304.5 $

Similarly using the formula (1) we calculated the values for 10 and 20 years

GDP for 10th Year = 6719.6$

GDP for 20th Year = 9030.6$

Step 3: When will Poorland catch up to Richland:

By calculating values using the above formulas, we have found that for 38th year, Poorland will catch upto Richland and will have more GDP.

Poorland GDP for 36th Year = 14491.4$

Richland GDP for 36th Year = 14307.7$

6 0

3 years ago

A stock sells for $6.99 on December 31, providing the seller with a 6% annual return. What was the price of the stock at the beg

Dimas [21]

Answer:

Correct option is 6.59

Explanation:

Selling price of stock at the end of the year is $6.99. Annual return rate is 6%. Price of stock at the beginning will be present value of stock valued at the end discounted at 6%. Computation is as shown below:

$Present\ value\ or\ price\ of\ stock = Selling\ price\left ( \frac{1}{1+i} \right )^{n}$

$= 6.99\left ( \frac{1}{1+0.06} \right )^{1}$

$= \frac{6.99}{1.06}$

= $6.59

Therefore, Stock's price in the beginning of the year is $6.59.

6 0

3 years ago

EMD Corporation manufactures two products, Product S and Product W. Product W is of fairly recent origin, having been developed

Julli [10]

Answer:

Explanation:

Direct labour hours work during the period:

Product S=72,400 units×1 hour=72,400 hours

Product W=18,100 units × 3 hours=54,300 hours

Total labour hours=126,700 hour

Predetermined overhead rate=$958,396/126,700 =7.56 per hour

Unit product cost of S = Direct Material cost + Direct labour cost + Overhead = 12+16+7.56*1 = $35.56

Unit product cost of W = Direct Material cost + Direct labour cost + Overhead = 34+13+7.56*3 = $69.68

4 0

3 years ago

To motivate employees to perform better, the human resources department of Martianse, a chain of retail apparel stores, replaced

Lynna [10]

Answer:

- Behavioural Substitution

Explanation:

Martianse human resources department uses and deploy the concept of Behavioural Substitution.

To begin, Martianse goal, as a firm, is to motivate the employees to perform better. Hence, the human resources department has come up with measures to achieve that. It is thus believed that replacing the fixed incentive system hitherto known with the firm, should be replaced by a performance based system. By this, the firm believes its primary goal will be accelerated.

Behavioural Substitution is thus the concept that the human resources department has displayed in their analysis and engagement. For one, behavioural substitution is simply the procedures aimed at replacing and/or supplanting efforts and actions that does not lead to goal accomplishments. By general belief, the old style of reward system used by Martianse has been seen as one not leading to goal actualization. Hence, it is important to substitute this non productive reward system with one established to elicit more better and improved performance from the workforce.

7 0

3 years ago