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Valentin [98]
3 years ago
10

A Japanese worker can produce 6 units of steel or 3 televisions per hour. A Korean worker can produce 8 units of steel or 2 tele

visions per hour. Plot the production possibilities frontier for each country, assuming each country has only one worker and the worker works only one hour. To plot the frontier, plot the end points and connect them with a line. For example, Japan can produce 6 units of steel with its worker or 3 televisions. It can also allocate 1/2 hour to the production of each and get 3 units of steel and 1 1/2 televisions. What are the opportunity cost of a television in Japan and Korea
Business
1 answer:
kifflom [539]3 years ago
7 0

Answer:

2 and 4

Explanation:

Japanese worker can produce 6 units of steel or 3 televisions per hour.

Korean worker can produce 8 units of steel or 2 televisions per hour.

Opportunity cost is the cost of the lost alternative. So when the country decides to produce only televisions it has to give up on steel production. Thus, the units of steel forgone for each unit of television gained is an opportunity cost of a television.

Opportunity cost  = \frac{Units of Steel lost}{Units of Television gained}

Thus,

Opportunity cost of television for Japan = \frac{6}{3}  = 2

Opportunity cost of television for Korea = \frac{8}{2}  = 4

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The price of DVDs​ (D) is ​$20.00 and the price of CDs​ (C) is ​$20.00. Phillip has a budget of ​$100.00 to spend on the two goo
Irina18 [472]

Answer:

Graph file is attached

Explanation:

Point A, and B are the bundles available for Katrina to buy on this budget. Since she has already bought one unit of each she only has $60 left to spend. With these $60 she could either choose to buy 3 DVDs or 3 CDs or she could choose from point A and B. L represents budget line and point A and B represent bundles.

7 0
3 years ago
The moral case for why a company should actively promote the betterment of society and act in a manner benefitting all its stake
faust18 [17]
The answer to this question is goes down "it is the right thing to do". In the company, many time during the decision-making time, the<span> moral case for why a company should actively promote the betterment of society and act in a manner benefitting all its stakeholders go down or boil down to it is the right thing or the good thing to do.</span>
8 0
3 years ago
An all-equity firm is considering the following projects:
lakkis [162]

Answer:

A. Compared with the firm's 12 percent cost of capital, Project W has a_______expected return.

  • a. lower

1. Project X has a______expected return.

  • b. lower

2. Project Y has a_______expected return

  • b. higher

3. Project Z has a______expected return.

  • a. higher

B. Project W should be_______.

  • b. rejected

1. Project X should be______.

  • b. rejected

2. Project Y should be_______.

  • a. accepted

3. Project Z should be_______.

  • a. accepted

c. If the firm's overall cost of capital were used as a hurdle rate, Project W would be_______.

  • c. correctly rejected

1. Project X would be______.

  • c. correctly rejected

2. Project Y would be_______.

  • b. correctly accepted

3. Project Z would be________.

  • b. correctly rejected

Explanation:

Project    Beta     IRR        <u> expected return</u>

W             .62      9.2%       = 5% + (0.62 x 7%) = 9.34%

X              .77      10.3 %     = 5% + (0.77 x 7%) = 10.39%

Y            1.27       14.1 %      = 5% + (1.27 x 7%) = 13.89%

Z            1.42       17.0%     = 5% + (1.42 x 7%) = 14.94%

8 0
3 years ago
When people have insurance against a certain event, the notion that those people are less likely to guard against that event occ
sp2606 [1]

Answer: When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a <u>moral hazard.</u>

Explanation: Moral hazard happens frequently in cases of insurance. If a person has a house, they can decide to install a vault because it reduces the risk of being robbed;

However, when the same person has arranged an insurance that covers the risk of theft of the house, they will have fewer incentives than in the previous situation, to install the security door and ultimately it will be able to increase the probability of the loss in this Theft case. This behavior, for example, before insurance coverage is called moral hazard.

4 0
3 years ago
Based upon Booked Orders and Sales Predictions, the expected finished goods requirements is 550 units over the planning period.
BARSIC [14]

Answer: 0 units

Explanation:

Future Planned Production Orders = Expected goods requirement - Finished goods in inventory - Schedule production

= 550 - 450 - 150

= -50 units

Include no units because the finished goods and the scheduled production make up the requirement for the period.

5 0
3 years ago
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