1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Digiron [165]
3 years ago
15

Suppose that Canada can produce 100,000 hockey sticks or 10,000 gallons of maple syrup in a typical workweek, while Germany can

produce 90,000 hockey sticks or 10,000 gallons of maple syrup in a typical workweek. From these numbers, we can conclude:
A. Canada has a comparative advantage in the production of hockey sticks.
B. Germany has a comparative advantage in the production of hockey sticks.
C. Canada has an absolute advantage in the production of maple syrup.
D. Germany has an absolute advantage in the production of maple syrup.
Business
1 answer:
Lynna [10]3 years ago
6 0

Answer:

A. Canada has a comparative advantage in the production of hockey sticks.

Explanation:

The computation is shown below:

For Canada

The Opportunity cost of Hockey is

= 10000 ÷ 100000

= 0.1 gallons of maple syrup

For Germany

The Opportunity cost of Hockey is

= 10000 ÷ 90000

= 0.11 gallons of maple syrup

So based on this, the option A is correct

And, the same is to be considered

Therefore all the other options would be wrong

You might be interested in
Arborview Plant Science Company has invented a drought resistant grass seed that only needs watering three times each year. In o
Zigmanuir [339]

Answer:

The scientist are looking to offer shares of stock to general public to raise some funds.

Explanation:

The seed scientist are looking to offer shares of stock of their company to genera public to raise some funds , so that they can expand the distribution of their product . Arborview plant science company will first time offer their shares to the public, so this process is called initial public offering and by doing this they will get funds from investor in return for part of ownership in the company.

3 0
3 years ago
A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from th
sergejj [24]

Answer:  The free enterprise system was certainly necessary for Mary Kay Ash to make an impact on the business world.

Explanation: This is because having no restrictions from the government, Mary Kay could set the price of her products, making them competitive in the market.  By selling directly to end consumers, she skipped intermediaries, therefore cut costs and had a great impact on the business world.  Another strategy she used is "try before buying", which became a plus for her products, having satisfied costumers become captive consumers, always coming back for more. The Free Enterprise System was absolutely helpful for Mary Kay Cosmetics to have pressence in the world for 56 years now.

6 0
3 years ago
Read 2 more answers
Draw up a list of effectiveness goals that you would use to measure the performance of (a) a fast-food restaurant and (b) a scho
lesya692 [45]

Answer:

The presented is the list of efficiency guidelines established underneath to evaluate success.

Explanation:

<u>A fast-food restaurant</u>:

  • Quantified by the institution's earnings.
  • The measurement of efficacy through both the advertisement via recommendations from media.

<u>A school of business</u>:

  • The efficiency would be determined either by the arrangement offered by the university.
  • These are calculated by that of the outcome that the students received.
6 0
3 years ago
Consternation Corporation has an agreement with its workers to index completely the wage of its employees using the CPI. Conster
Lilit [14]

Answer:

correct option is C. $2.00

Explanation:

given data

currently pays = $8 an hour

CPI  currently = 160

old = 128 year

to find out

firm should increase the hourly wages of its workers by

solution

we get here first rate that is express as

rate = \frac{CPI*currently\ pay}{time}     ...........1

rate = \frac{160*8}{128}

rate = $10

So Increase is here as  = $10 - $8

increase by = $2

so correct option is C. $2.00

4 0
3 years ago
Based on what you have learned in the lesson and the assignment, write two or three sentences describing how short-term and long
Cerrena [4.2K]

Short-term investment options include savings and checking accounts. They usually have low risk, but they also provide lower returns. They are more liquid investments, meaning that they can be sold or changed easily. Long-term investments can provide higher returns; however, they are often more risky, and they can have lower liquidity.

When you are likely to need cash soon, a short-term investment would be wise. When you have the time and resources to try for a higher return, a long-term investment would be a good choice.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Corporate taxes Tantor​ Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goo
    11·1 answer
  • intext:"If a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered for
    9·1 answer
  • Real money demand curve in the space of R (Y-axis) and M/P: 3) _______ A) slopes upward because a fall in the interest rate rais
    14·1 answer
  • The expected average rate of return for a proposed investment of $5,490,000 in a fixed asset, using straight-line depreciation,
    9·1 answer
  • Peter Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses
    12·1 answer
  • Jessica's manager believes that Tres Tortillas can gain an advantage over competing Mexican restaurants in the area by capitaliz
    10·1 answer
  • ABC Company incurs a cost of 50 cents to produce a dozen eggs, while XYZ Company incurs a cost of 70 cents to produce a dozen eg
    9·1 answer
  • 2. One advantage of buying a used car is __________. A. a more extensive warranty B. better fuel economy C. lower insurance rate
    11·1 answer
  • ________ is anything that happens during the course of a business process. Multiple Choice BPMN activity BPMN flow BPMN gateway
    5·1 answer
  • Consumer surplus is the difference between the ___ price a consumer is willing to pay for a product and the price paid.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!