Opportunity cost is ultimately about choice income economic value cost

There are 10 workers in Thailand and each can produce either 4 computers or 60 tons of rice. There are 20 workers in the United

Ilya [14]

Answer:

The answer is in the image attached

Explanation:

We will ultiply the output per worker by the amount of workers to get the output for each country

United States:

20 workers x 10 output each = 200 computers

20 workers x 80 output each = 1,600 tons of rice

Thailand:

10 x 4 = 40 computer

10 x 60 = 600 tons of rice

8 0

3 years ago

Which of the following terms refers to a practice of allowing the addition of new employees and jobs to existing bargaining unit

Serjik [45]

Answer:

d. accretion

Explanation:

Accretion is the process by which new employees are added to a bargaining unit where they have common interest. It involves the gradual growth of business units. For example when unions transfer workers to a new employer.

Accretion occurs without election and is usually an operation of the law.

It helps preserve industrial stability by filling new jobs without going through an adversarial election process.

5 0

3 years ago

Center City enacts an ordinance that imposes a jail term, without a trial, on all contractors who solicit business without a cit

Deffense [45]

Answer:

The correct answer is C

Explanation:

Due process states or means the legal processes or procedure which need to take into account or consideration the legal rights of their citizens. This process is classified through providing or offering the people with fair as well as impartial process and also with the guarantees, though protecting the citizens right through law.

For example, in this case, the Centre City, they could not present the prison sentence without any trial to any person as they might be breaking the law, as everyone has the right of the due process and to be treated equally as well as fairly.

5 0

3 years ago

Greg eats pizza every day of the week. The marginal utility of pizza will most likely ________ by the end of the week, and all e

miv72 [106K]

Answer:

Greg eats pizza every day of the week. The marginal utility of pizza will most likely decrease  by the end of the week, and all else being equal, this demonstrates the law of  diminishing marginal utility .

8 0

3 years ago

A company is considering the expansion of its current facility to meet increasing demand. A major expansion would cost $500,000,

Karolina [17]

Answer:

0.7

Explanation:

States of Nature

Alternatives Demand is High Demand is Low

Major Expansion $800, 000 - $500,000 -$500,000 -$500,000

Minor Expansion $200, 000 - $200,000 -$100, 000 - $200,000

Doing Nothing $0 $0

States of Nature

Alternatives Demand is High Demand is Low

Major Expansion $300,000 -$1,000,000

Minor Expansion $0 -$300,000

Doing Nothing $0 $0

Let D to be the probability of the high demand;

Then:

300,000 × D - 1,000,000 × (1 - D) = 0 × D - 300,000 × (1 - D)

300,000D - 1,000,000 - 1,000,000D = -300,000 + 300, 000D

-700,000 D -1,000,000 = -300,000 + 300,000 D

-1,000,000 + 300,000 = 700,000 D + 300,000 D

700,000 = 1,000, 000 D

D = 700,000/1,000,000

D = 0.7

∴ the probability of a high demand that the company will be indifferent between the two expansion alternatives = 0.7

8 0

3 years ago