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trapecia [35]
3 years ago
8

3. Suppose that there are 10 million workers in Canada and that each of these workers can produce either 2 cars or 30 bushels of

wheat in a year.
a. What is the opportunity cost of producing a car in Canada? What is the opportunity cost of producing a bushel of wheat in Canada? Explain the relationship between the opportunity costs of the two goods.

b. Draw Canada’s production possibilities frontier. If Canada chooses to consume 10 million cars, how much wheat can it consume without trade? Label this point on the production possibilities frontier.

c. Now suppose that the United States offers to buy 10 million cars from Canada in exchange for 20 bushels of wheat per car. If Canada continues to consume 10 million cars, how much wheat does this deal allow Canada to consume? Label this point on your diagram. Should Canada accept the deal?
Business
1 answer:
ycow [4]3 years ago
6 0

Answer:

good night and sweet dream walker

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Elan Coil [88]

Answer:

A) Functional and social value

Explanation:

Seeing the benefit that customers attribute to products is a marketing strategy to optimize sales and establish a brand that customers identify with. In this case, motorcyclists experience functional benefit and social benefit.

The functional benefit concerns the essential characteristics of the product, such as physical characteristics that please the consumer (eg the motorcycle scooter design). The social benefit is associated with the pleasure that the customer gets when purchasing the product. This is an individual benefit for each consumer, however, is an extrinsic advantage attributed to the product. For example, the status that the motorcycle brings to its owner.

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3 years ago
The account number 13 tells you that the account
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The correct answer is letter A. The 13th account in the ledger. The account number 13 in the ledger doesn't mean the 13th day of the month but rather the 13th account in the ledger.
3 0
3 years ago
Carson Company faces a probable loss on a pending lawsuit where the amount of the loss is estimated to be $500,000. The journal
Elden [556K]

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Debit Contingent Legal Expense $500,000; credit Contingent Legal Liability $500,000.

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The Journal entry with their narration and explanation is shown below:-

When the contingent liability loss is probable and the liability can be recorded, the law suits loss in probability and the cost can be calculated, therefore the following entry for the potential loss is passed

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4 0
4 years ago
In a small open economy, if consumer confidence falls and consumers decide to save more, then the real exchange rate:______. a.
bulgar [2K]

Answer:

D. Falls, and net export rises.

Explanation:

When consumers decide to save more in a given economy due to consumer's confidence falling, the net export rises as producers and sellers would seek alternative measures in trying to sell their goods and services. So they begin to export their goods and services in order to offset the decrease in demand for that good or service locally.

Also, real exchange rate will also fall. This is as a result of increase in exportation and reduction in the prices of export.

3 0
3 years ago
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From the question, we are informed that Jeremy is a business student at ABC University and that he is currently enrolled for 18 credits, mostly of quantitative courses with high workloads.

We are further told that he also works 25 hours a week as a bartender. This shows that Jeremy has many works he's doing and the likely cause of his stress is work overload. He's performing too much tasks.

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4 years ago
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