Business, 17.03.2020 23:40, hdjsjfjruejchhehd
Kate and Sarah work in a bakery for 8 hours per day. Kate can make 1 cake in 1 hour or 1 loaf of bread in 2 hours. Sarah can make 1 cake in 30 minutes or 1 loaf of bread in 40 minutes. Assume that resource is perfectly adaptable to the production of each good i. e. the PPF is a straight line.
1. Who has the absolute advantage in cakes? In bread? Why?
2. What is Kate's opportunity cost for producing one cake (in terms of loaves of bread)?
3. What is Sarah's opportunity cost for producing one cake (in terms of loaves of bread)?
4. Who has the comparative advantage in cakes? In bread? Why?
Answers: 3
Business, 22.06.2019 20:00, kickdoedon
During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above
Answers: 3
Business, 22.06.2019 20:30, Roof55
When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?
Answers: 1
Business, 23.06.2019 02:10, yaniravivas79
Which of the following most accurately describes how the equilibrium price of a good or service can be determined? a. by moving the supply curve right or left until it matches the demand curve. b. by finding where the supply curve and the demand curve intersect. c. by doing market research to determine the maximum price consumers will pay. d. by taking the opposite of the columns in a supply schedule and a demand schedule.
Answers: 2
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