Business, 19.09.2019 23:10, nik2lit

Mary jane is a lawyer who can earn $150 per hour in her law practice. she is also an excellent carpenter who can build cabinets three times as fast as the best carpenter, whose hourly wage is $20 per hour. which of the following is a correct economic statement? a. mary jane has a comparative advantage in law so she should specialize in law and hire a carpenter to make her cabinets. b. mary jane has an absolute and comparative advantage in both law and carpentry, so she should make her own cabinets while continuing to practice law. c. mary jane is three times faster than any carpenter so she should give her law practice to become a carpenter. d. when carpenters work for lawyers, they should charge $150 per hour instead of $20 per hour. e. because mary jane is an excellent carpenter, when the best carpenter works for mary jane, he can only charge one third as much, or $6.67 per hour.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 01:00, snikergrace

Granby foods' (gf) balance sheet shows a total of $25 million long-term debt with a coupon rate of 8.50%. the yield to maturity on this debt is 8.00%, and the debt has a total current market value of $27 million. the company has 10 million shares of stock, and the stock has a book value per share of $5.00. the current stock price is $20.00 per share, and stockholders' required rate of return, r s, is 12.25%. the company recently decided that its target capital structure should have 35% debt, with the balance being common equity. the tax rate is 40%. calculate waccs based on book, market, and target capital structures. what is the sum of these three waccs?

Answers: 3

continue

Business, 22.06.2019 14:40, annahm3173

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u. s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?

Answers: 3

continue

Business, 22.06.2019 17:20, sctenk6052

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.

Answers: 3

continue

Business, 23.06.2019 01:20, daijafoster0

Petra contracted to paint bret’s house for $2,000. after beginning the job, petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells bret she wants another $500 to finish the job. bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. is bret legally obligated to pay the extra $500?

Answers: 2

continue

Do you know the correct answer?

Mary jane is a lawyer who can earn $150 per hour in her law practice. she is also an excellent carpe...