Who would you consider society's stakeholders.

Alabama and Mississippi each have 9 units of labor. They can use their units of labor for the production of chickens and cotton.

Alekssandra [29.7K]

Answer and Explanation:

As it is given that

1. For each unit of labor, Alabama will generate 3 units of chicken.

Thus Alabama can produce a maximum of 27 units of chicken with 9 units of labor.

2. With every unit of labor, Alabama will generate 7 units of cotton.

Thus Alabama can produce a maximum of 63 units of cotton with 9 units of labor.

For each unit of labor, Mississippi will generate 4 units of chicken.

Therefore Mississippi can produce a maximum of 36 units of chicken with 9 units of labor.

For each unit of labor, Mississippi will produce 6 units of cotton.

While Mississippi can produce up to 54 units of cotton with 9 units of labor.

Alabama could be seen producing more cotton than Mississippi using all the labor while using all the labor Mississippi can produce more chicken than Alabama.

Hence,

For producing chicken, Mississippi has the absolute advantage

For producing cotton, Alabama has the absolute advantage

Now

Albama's opportunity cost for generating a chicken unit is

= (7 ÷ 3)

= 2.33 units of cotton.

Albama's opportunity cost for generating a cotton unit is

= (3 ÷ 7)

= 0.43 units of chicken.

Mississippi's opportunity cost for generating a chicken unit is

= (6 ÷ 4)

= 1.50 units of cotton.

Mississippi's opportunity cost of generating a cotton unit is

= (4 ÷ 6)

= 0.67 units of chicken

Therefore

Alabama can produce cotton relatively to Mississippi at a lower cost of opportunity.

In comparison with Alabama, Mississippi can produce chicken at lower opportunity costs.

Hence, we can conclude that

Mississippi has a competitive advantage for chicken production.

Alabama has a competitive advantage in cotton production.

Mississippi is supposed to grow chicken and Alabama is supposed to make cotton.

6 0

3 years ago

$5000 is put into an empty savings account with a nominal interest rate of 5%. No other contributions are made to the account. w

yawa3891 [41]

Answer:

Interest in 5 years will be $1418.07 which is near about $1420

So option (D) will be correct answer

Explanation:

We have given amount invested, that is principal amount P = $5000

Rate of interest r = 5 %

Time taken t = 5 years

As interest is compounded monthly so rate of interest $=\frac{5}{12}=0.416%$

And time period n = 12×5 = 60 period

So total amount after 5 year will be equal to

$A=P(1+\frac{r}{100})^n$

$A=5000(1+\frac{0.417}{100})^{60}$

$A=5000\times 1.2836=6418.07$

We have to find the interest

Interest will be equal to = total amount - principal amount = $6418.07 - $5000 = $1418.07

Which is near about $1420 so option (D) will be correct answer

8 0

3 years ago

Ariel has two children, christopher and pat. christopher is 25 years old and pat is 22. both are full time students at southern

serious [3.7K]

<span>Age test, because both of her children are over 18, they are both full time students and they both live at college during the school year. So she can not claim them they dont live with her and they are both dependent on there self, by living at the college full time when school is in and by being over the age of 18.</span>

3 0

4 years ago

Which of the following terms refers to the process individuals or groups go through to select, purchase, use, and dispose of

KATRIN_1 [288]

Answer:

The correct answer is E

Explanation:

Consumer behavior is the term which is defined as the study of how the individual consumers, organization or the groups use, dispose, select and buy the goods and the services in order to satisfy the wants and the desires.

In short, it refers to the consumers actions in the market place and the motives or the goals for those actions.

Therefore, the correct answer is the consumer behavior.

6 0

3 years ago

Which of the following is TRUE of risk? A. Risk and return are inversely proportionate to each other. B. Riskier investments te

scoray [572]

Answer:

The answer is: D) Risk is a measure of the uncertainty surrounding the return that an investment will earn.

Explanation:

Investment risk refers to the probability of losing an investment. It measures the uncertainty level of earning returns from an investment.

When an investor anticipates a higher risk, he will expect higher returns. On the contrary, low risk investments (e.g. T-Bills) offer very low yields.

7 0

3 years ago