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ollegr [7]
3 years ago
9

Assume there are two countries (France and the United States) and two goods (Wine and Cheese). In France, labor productivity in

Wine is 40 bottles per hour and 30 kilos per hour in Cheese. In the US, labor productivity in Wine is 12 bottles per hour and 12 kilos per hour in Cheese. Given this information, which country has the comparative advantage in Cheese
Business
1 answer:
Savatey [412]3 years ago
7 0

Answer:

United States

Explanation:

A comparative advantage results when a country's opportunity cost of producing good X is lower than the opportunity cost of producing good X in another country.

France

Opportunity cost of producing wine = 30/40 = 0.75 kilos of cheese

Opportunity cost of producing cheese = 40/30 = 1.33 bottles of wine

United States

Opportunity cost of producing wine = 12/12 = 1 kilo of cheese

Opportunity cost of producing cheese = 12/12 = 1 bottle of wine

France has a comparative advantage in the production of wine, and the US has a comparative advantage in the production of cheese.

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Tableau DA 9-3: Mini-Case, Analyzing warranty liabilities LO P4
Alexus [3.1K]

Answer:

Answer 2 - Increase Warranty estimate percentages

Answer 3 - To Increase management bonus that is based on net income

Answer 4 - Increase warranty Estimate percentages

Explanation:

Answer 2 - Total Warranty was above their estimate, if they increase the percentage they will be closer to the actual

Answer 3 -  Bonus is based on net income, the higher the net income the better your bonus, you can change this based on the percentage you estimate.

Answer 4 - the more they spend the less taxes they will incur.

7 0
3 years ago
At work, Clarissa often takes on the extra duties of ordering all the food and drinks for any celebrations of work anniversaries
tangare [24]

Answer:

The correct answer is B) motherhood.

Explanation:

In the United States, the ILO, through the 1919 maternity agreement, establishes the protection of pregnant and postpartum workers, including the right to a minimum 12-week leave.

The policies and practices of motherhood in a company must be applied in the same conditions or in a similar way to people who have some type of limitation or temporary incapacity for work.

7 0
4 years ago
why do journals have a post reference (pr) column to cross reference between journal and trial balance
skad [1K]

Answer:

To Keep Track

Explanation:

When posting journal amounts into the ledger, incase the accountant gets stopped in the middle of this process -  they fill in the PR column with the account # so they know where they left off.

8 0
3 years ago
Suppose the economy is closed with national saving of $3 trillion, consumption of $10 trillion, and government purchases of $4 t
yanalaym [24]

Answer:

The correct answer is: $17 trillion.

Explanation:

The Gross Domestic Product or GDP represents the overall market value of all the goods and services a country produces and it measures the size of the economy. The GDP is determined with the following formula:

GDP = C +  G + I + NX

where:

  • C: private consumption or consumer spending
  • G: government spending
  • I: businesses' capital spending
  • NX: net exports (exports - imports)

In the example:

GDP = $3 trillion + $10 trillion + $4 trillion = $17 trillion

4 0
4 years ago
The staff at company headquarters seemed to have a problem with motivation, so the organization’s leadership brought in Herb Sew
svetoff [14.1K]

Answer: Discretion

Explanation: In simple words, discretion refers to the freedom that an individual get to make decisions that might affect him or her. In business sense, it refers to the freedom of performing the job without any monitoring or interfere from the seniors.

In the given case, the company did not interfere with the job of Herb and followed his instructions even though it sounded crazy at first.

Hence we can conclude that the leadership gave herb high degree of discretion.

7 0
3 years ago
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