A user is working with the range titled "Emp_Info” as shown in the Excel file below.

Let us assume two students must prepare a presentation for their economics class. As part of their class presentation, they must

patriot [66]

Answer:

A. How much time would it take the two students to complete the project if they divide the two tasks equally?

James needs 10 hours to complete half the task and Jane needs 16 hours to do her part = total work 26 hours

B. How much time would it take the two students to complete the project if they use comparative advantage and specialize in calculating or preparing slides?

If they specialize, then Jane should do the calculations (12 hours) and James should prepare the slides (10 hours) = total work 22 hours

C. If James and Jane have the same opportunity cost of $5 per hour, is there a better solution than for each to specialize in calculating or preparing slides?

Yes, Jane should pay James so that he does the whole work all by himself. Since James opportunity cost is $5 per hour, his total economic cost of doing the work is $100, and half of that is $50. Jane's economic cost of doing her part is $60 (= 12 x $5), so if she pays any amount lower than $60 and equal or higher than $50 to James, then they would both win.

Explanation:

50 powerpoint slides

James needs 10 hours to do the calculations and 10 hours to prepare the slides = 20 hours total / 2 = 10 hours

Jane needs 12 hours to do the calculations and 20 hours to prepare the slides = 32 hours total / 2 = 16 hours

James's opportunity cost of doing the calculations or preparing the slides is 10 / 10 = 1

Jane's opportunity cost of doing one hour of calculations is 20 / 12 = 1.67 hours of preparing slides.

Jane's opportunity cost of doing one hour of preparing slides is 12 / 20 = 0.6 hours of calculations.

5 0

3 years ago

In __________, the distinction between the working and the nonworking poor is not just about those who have jobs and those who d

Vsevolod [243]

Answer:

In politics, the distinction between the working and the nonworking poor is not just about those who have jobs and those who do not, but about those who deserve help versus those who don’t. Supposedly, the nonworking could work but choose not to. Sociologically, however, the line between the working and nonworking poor does not mean a great deal, since families cross it often, as breadwinners gain or lose employment.

Explanation:

The reason is that the politics which is the science of governing a country, says that the poor is not the one who doesn't have any job because rich people usually have their own business which earns millions of dollars and the owners don't bother whether the profit has grown or has decreased from the previous year. So the poor is the one who needs help whether he is working or not because during recession period many middle class families usually fall below the middle class family benchmark.

Furthermore, this distinction line is often crossed by families if the breadwinner who pays the utility bills, rentals, food expenses, fees, etc gets jobless. So this distinction line is not that useful as deemed. It is also harder for the researcher to define help.

8 0

3 years ago

Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independe

lorasvet [3.4K]

Answer:

The calculations are shown below.

Explanation:

The computation is shown below:

a. The price charged per unit is

= Variable cost per unit + Contribution margin per unit

where,

Variable cost per unit is $4.56

And, the contribution margin per unit is

Contribution margin per unit = Fixed cost ÷ Break even units

$349,600 ÷ 115000

= $3.04 per unit

So, the price charged is

= $4.56 + $3.04

= $7.60 per unit

b. The variable cost per unit is

= Selling price per unit - contribution margin per unit

where,

Selling price per unit = $120

And, the Contribution margin per unit is

= ($458,000 + $166,000) ÷ 15,600 units

= $40 per unit

So, the variable cost per unit is

= $120 - $40

= $80 per unit

And, the contribution margin ratio is

= Contribution margin per unit ÷ Selling price per unit

= $40 ÷ $120 × 100

= 33.33%

c. The total fixed cost is

= Contribution - Net income

= $235,000 × 0.25 - $22,500

= $58,750 - $22,500

= $36,250

d. Contribution margin per unit is

= $103,840 ÷ 23,600 units

= $4.40 per unit

And, Selling price per unit is

= $4.40 ÷ 44%

= $10 per unit

And, Variable cost per unit is

= $10 × 56%

= $5.60 per unit

Since the variable cost ratio is 0.56

So, we assume the sales is 0.100

And, the contribution margin ratio is 0.44

8 0

2 years ago

All of these are advantages of a franchise except:

Maksim231197 [3]

Ad cost which is commercial cost that every franchise pays the corporate and royalty fees.

5 0

3 years ago

How do expectations influence the markets for loanable funds and financial markets? What is the difference between the efficient

Keith_Richards [23]

They influence by making certain type of. Loans to the financial markets which causes growth

8 0

2 years ago