Answer:
c. comparative advantage in
Explanation:
In economics, comparative advantage is the advantage a trade party has over the other party, in the production of a a particular good that has a relatively lower opportunity cost. It simply involves exploring the option that has overall best package.
North Carolina has a comparative advantage in sweet potato production relative to Florida, as the opportunity cost involved is lower, since there is little potential benefits North Carolina will get in the production of oranges.
Answer: The minimum score acceptable is 75, Akron has a score of 69 while Boston has a score of 64. The Manager should not consider Boston and Akron, they both have a score below the acceptable score of 75
Explanation:
Score = 0.5 x Raw material + 0.40 x Transport + 0.10 x Labor cost
Akron = 0.5 x (60) + 0.40 x (80) + 0.10 x (70)
Akron = 30 + 32 + 7 = 69
Boston = 0.5 x (70) + 0.4 x (50) + 0.10 x (90)
Boston = 35 + 20 + 9 = 64.
The minimum score acceptable is 75, Akron has a score of 69 while Boston has a score of 64. The Manager should not consider Boston and Akron, they both have a score below the acceptable score of 75
Answer:
13.76%
Explanation:
The computation of the interest rate required by law is shown below:
As we know that
Effective annual rate = (1 + Annual percentage rate ÷ number of days)^number of days - 1
0.1475 = (1 + Annual percentage rate ÷ 365)^365 - 1
(0.1475 + 1) = (1 + Annual percentage rate ÷ 365)^365
(1.1475)^ × (1 ÷ 365) = 1 + Annual percentage rate ÷ 365
So, the Annual percentage rate is
= [(1.1475)^ × (1 ÷ 365) - 1] × 365
= 0.1376
= 13.76%
