Business, 21.06.2020 03:57, brandon2222269

Tom Hanks and a man named Wilson are stranded on a tropical island. In one hour Tom can cut down 5 coconuts or catch 11 fish. In one hour Wilson can cut down 15 coconuts or catch 6 fish. A) Who has the comparative advantage at producing coconuts? B) Who has the comparative advantage at producing fish? C) What is Tom's opportunity cost of producing a coconut? D) If Tom and Wilson specialize and trade with each other, what is the range of acceptable terms of exchange of coconuts for fish?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:20, mistytownsend1952

Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:

Answers: 2

continue

Business, 21.06.2019 22:40, taytay1828

Gyou plan to deposit $1,700 per year for 5 years into a money market account with an annual return of 2%. you plan to make your first deposit one year from today. what amount will be in your account at the end of 5 years? round your answer to the nearest cent. do not round intermediate calculations. $ assume that your deposits will begin today. what amount will be in your account after 5 years? round your answer to the nearest cent. do not round intermediate calculations.

Answers: 2

continue

Business, 22.06.2019 13:50, vegeta8375

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.

Answers: 1

continue

Business, 22.06.2019 15:00, cheyfaye4173

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget. the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead. a total of 119,300 units, using 478,000 direct labor hours, were produced during the year. actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Answers: 3

continue

Do you know the correct answer?

Tom Hanks and a man named Wilson are stranded on a tropical island. In one hour Tom can cut down 5 c...