Paint (y)
Martha 2 hours per room
Stewart 4 hours per room
Wallpaper (x)
Martha 8 ho...
Business, 13.06.2020 08:57, stephanieanaya7
Paint (y)
Martha 2 hours per room
Stewart 4 hours per room
Wallpaper (x)
Martha 8 hours per room
Stewart 10 hours per room
Assume PPF is a straight line for Martha and Stewart. Assume Martha and Stewart has 40 hours (scarce resource). Suppose they evenly distribute the time under autarky between the products to find out their production distribution between paint and wallpaper.
A)What product does Martha and Stewart have
comparative advantage in?
B) If they both completely specialize in the products
they have comparative advantage in, what is their
production after specialization?
C) If Martha is willing to give 5 paint, for how many wallpapers will Stewart agree to the trade?
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 23:30, BrezzyGirl9148
Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience. type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.1 20.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.
Answers: 1
Business, 22.06.2019 01:00, jonzyjones3114
Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.
Answers: 3
Business, 22.06.2019 11:40, sriggins1375
Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were:
Answers: 1
Business, 22.06.2019 18:00, dpazmembreno
Carlton industries is considering a new project that they plan to price at $74.00 per unit. the variable costs are estimated at $39.22 per unit and total fixed costs are estimated at $12,085. the initial investment required is $8,000 and the project has an estimated life of 4 years. the firm requires a return of 8 percent. ignore the effect of taxes. what is the degree of operating leverage at the financial break-even level of output?
Answers: 3
Do you know the correct answer?
Questions in other subjects:
Mathematics, 09.12.2019 02:31
Business, 09.12.2019 02:31
History, 09.12.2019 02:31
