Suppose there are two persons: Diane and Matt. They are producing/consuming two goods: bread and corn. Each day, Diane can produce 10 bread or 10 corn. Each day, Matt can produce 4 bread or 8 corn. Identify who has the comparative advantage at producing bread.
Answers
Diane has a comparative advantage at producing bread. This is because she can produce bread at a lower opportunity cost than Matt. Diane can produce 10 bread per day, while Matt can only produce 4 bread per day.
This means that Diane has to give up 10 corn to produce 1 bread, while Matt has to give up 2 corn to produce 1 bread. Therefore, Diane can produce bread at a lower opportunity cost than Matt.
In other words, Diane can produce more bread per unit of corn than Matt. This means that Diane can specialize in producing bread and trade with Matt for corn.
This will allow both Diane and Matt to consume more bread and corn than they could if they each produced both goods.
Here is a simple example:
Diane can produce 10 bread per day, or 10 corn per day.
Matt can produce 4 bread per day, or 8 corn per day.
If Diane specializes in producing bread and Matt specializes in producing corn, then Diane can produce 10 bread per day and Matt can produce 8 corn per day.
If they then trade, Diane can get 2 corn for each bread she produces. This means that Diane can consume 10 bread and 20 corn per day. Matt can also consume 4 bread and 8 corn per day.
If Diane and Matt each tried to produce both bread and corn, then they could only produce a total of 14 bread and 18 corn per day. This is less than the 30 bread and 28 corn they can consume if they specialize and trade.
Therefore, Diane has a comparative advantage at producing bread.
To know more about comparative advantage, refer here:
https://brainly.com/question/30451453#
#SPJ11
Related Questions
What type of accounting is more rules-based?
Answers
GAAP
Explanation:
That would be the Generally Accepted Accounting Principles (GAAP) system which is rules based.
Alternatively:
The International Financial Reporting Standards. (IFRS) on the otherhand would be the one thats principles based.
Maria deposits her paycheck each week in a checking account. She plans to buy a car in the next year, so she decides to start saving $100 each month to pay for it. She does not want to have to remember to make that deposit each month. What savings instruments could help Maria reach her goal? Check all that apply. Series I savings bonds Series EE savings bonds a regular savings account a 24-month certificate of deposit a money market account with a $100 minimum deposit
Answers
Answer:
a regular saving accounts
a money market account with a $100 minimum deposit
Explanation:
i got right
Maria deposits her paycheck each week in a checking account. She plans to buy a car in the next year, so she decides to start saving $100 each month to pay for it. She does not want to have to remember to make that deposit each month. Savings instruments could help Maria reach her goal are -
A regular savings account a 24-month certificate of depositA money market account with a $100 minimum depositWhat is deposit?Deposit is a sum of money paid into a bank or building society account.
What is a paycheck?Paycheck is a salary or wages cheque made out to an employee.
What are savings?Savings are income not spent, or deferred consumption.
To learn more about deposits and savings refer
https://brainly.com/question/13198330
#SPJ2
Which technology do online stores usually use to present customized content?
Online stores usually use __
technology to present customized content.
Answers
Answer:
real time analytics
Explanation:
Explain how an investor makes money by investing in bonds
Answers
Answer:
Financial investors earn money through the purchase of bonds, be these public (of countries or states) or private (that is, of companies) through speculation regarding the rise or fall of their value with respect to the purchase value, as well as with the interest that these bonds accrue periodically.
Thus, if the bond rises in value due to a good economic performance by the issuer, investors can sell it and make a profit, or even buy bonds at times of low values, expecting increases.
Jobs sights on the internet tend to be all alike. True or false?
Please help I’ll give Brainly to the best answer thanks!
Answers
Answer: True
Explanation:
Why did Krispy Kreme decide to manufacture all the donut mix and distribute it to the stores?
a) it made the products more consistent in various stores
b) franchise law demands is kind of central production
c) It is always cheaper to use this method
d) The company was having problems with distributors
Answers
Answer:
Option A
Explanation:
In simple words, Krispy Kreme Doughnuts, Inc. is an American doughnut company and coffeehouse chain owned by JAB Holding Company. Krispy Kreme was founded by Vernon Rudolph, who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores.
They make all their dough of the product by themselves so that the neutrality regarding their consistency remains intact thought the country,
assume sony uses a periodic inventory system. beginning inventory on january 1 was understated by $30,800, and its ending inventory on december 31 was understated by $15,400. in addition, a purchase of merchandise costing $21,700 was incorrectly recorded as a $2,170 purchase. none of these errors were discovered until the next year. as a result, sony's cost of goods sold for this year was:
Answers
The cost of goods sold for Sony is overstated by $55,930 due to the inventory errors and incorrect recording of purchases.
Beginning inventory understatement by $30,800, ending inventory understatement by $15,400, and incorrect recording of a purchase by $19,530 ($21,700 - $2,170) all result in an overstatement of inventory.
This overstatement of inventory leads to an understatement of cost of goods sold by the same amount, which in this case is $55,930 ($30,800 + $15,400 + $19,530). Therefore, Sony's cost of goods sold for the year is overstated by $55,930 due to the inventory errors and incorrect recording of purchases.
For more questions like Inventory click the link below:
https://brainly.com/question/28916857
#SPJ11
Question
In addition to KiwiSaver you are considering whether you should invest in a small, diversified portfolio
comprising four asset classes with an equal allocation to each; cash, global bonds, global shares and
global property.
Past returns (illustrative only) for each asset class are as follows
2019 2020 2021
Cash 1.5% 0.8% 0.5%
Global bonds 3.5% 4% -1%
Global shares 15% -5% 5%
Global property 18% -2% 3%
Before you commit to investing in this portfolio you decide to calculate the historical risk and return
characteristics of the proposed portfolio for the entire three-year period.
Required
a. Create a table displaying the historical risks and returns of (i) each asset class and (ii) the
proposed portfolio. [Use arithmetic returns rather than geometric returns]
3 marks
b. Plot your answers from part (a) on a chart with risk on the x axis and return on the y axis.
1 marks
Answers
According to the question are as follows:
a. Historical risks and returns:
In this table, we have listed the historical returns for each asset class (cash, global bonds, global shares, and global property) for the years 2019, 2020, and 2021. We have also calculated the average return for each asset class by taking the arithmetic mean of the annual returns. Additionally, the standard deviation is calculated as a measure of risk for each asset class.
b. Chart:
The chart visualizes the relationship between risk and return for the asset classes and the proposed portfolio. The x-axis represents the risk, measured by the standard deviation. The y-axis represents the return, measured by the average return. Each asset class is plotted as a dot on the chart, with its risk and return coordinates. The proposed portfolio's risk and return are also represented by a dot on the chart.
By examining the chart, you can assess the risk-return profile of each asset class and compare them to the proposed portfolio. The chart helps to visualize the trade-off between risk and return and allows for a quick comparison of different investment options.
To know more about portfolio visit-
brainly.com/question/14443643
#SPJ11
a fixed-price contract is useful and appropriate when
Answers
What accounting book should a merchandising business use to show a payment and transaction history for each customer who bought items
with credit?
When a company has customers who buy units of merchandise on credit, its accountant will post entries in the ____
Answers
Answer:
Accounts receivable subsidiary ledger.
Explanation:
Answer: accounts receivable subsidiary ledger
Explanation:Specialized journals are useful when posting entries for frequent business transactions. For example, a cash receipt journal captures cash transactions. This is different from an accounts receivable subsidiary ledger, which shows a payment and transaction history for each customer who bought items with credit
one of the keys to following your carrer path is to be _
like honestly i dont need the answer but if you answer it ill give you 15 brainliest bcuz im in a good mood:) the first one to answer will get the brainliests!! good luck
Answers
Answer:
diligent I guess
Explanation:
i don't know just putting a word that sounds *smart*
Samantha puts an initial $500 into a savings account. The account has a 4% annual compound interest rate. What is the equation that best represents Samantha's account
Answers
Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry? A. monopolistic competition B. perfect competition C. monopoly D. oligopoly
Answers
Answer: the answer to your question is D) oligopoly
Explanation:
Answer:
it's D. oligopoly
Explanation:
Oligopoly is a market structure where only a few large firms control a major share of the market.
Which type of organizational structure has multiple managers having authority over an employee
A.point structure
B.line structure
C.staff structure
D.functional structure
Answers
Answer:
I believe it’s line structure
Explanation:
As a business consultant to a grocery store, your job is to determine what pricing policy would be appropriate for increasing the total revenue. The first step you would take would be to Group of answer choices reduce staff in order to reduce operating costs. increase the price of all products. determine the price elasticity of supply for all products sold at the store. determine the price elasticity of demand for all products sold at the store.
Answers
As a business consultant for this store to determine the appropriate pricing i would determine the price elasticity of demand for all products sold at the store.
The price elasticity of demand can be described as the measurement of the economic impacts of changes in price on the quantity that would be demanded by the consumers.
It would be necessary to observe how the price of the goods would affect the demand. If the prices are too high and the demand falls, the revenue would drop.
Read more on https://brainly.com/question/12391484?referrer=searchResults
Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answers
Answer:
wow
Explanation:
I'm gonna type a random answer
the following behaviors are key to building and maintaining credibility among team members: (1) be clear and consistent, (2) manage agreement and disagreement, (3) encourage and coach, and (4) provide training. which statements are correct? question 5 options: a) only statements 2, 3, and 4 are correct. b) only statements 1, 2, and 4 are correct. c) all four statements are correct. d) only statements 1 and 3 are correct. e) only statements 1, 2, and 3 are correct.
Answers
The option is (b) only statements 1 "be clear and consistent,", 2 "manage agreement and disagreement,", and 4"provide training," are correct.
Statement 1, "be clear and consistent," is essential for building and maintaining credibility. Clear and consistent communication helps team members understand expectations, goals, and priorities, which in turn, helps build trust.
Statement 2, "manage agreement and disagreement," is also crucial for building credibility. A leader who can manage disagreement and encourage healthy debate shows that they value input from team members, and they are willing to consider different perspectives.
Statement 3, "encourage and coach," is important for building trust and credibility. When a leader takes the time to coach and mentor team members, it shows that they care about their development and success.
Statement 4, "provide training," is not necessarily a key behavior for building and maintaining credibility. While providing training can be important for developing skills and knowledge, it is not essential for building trust and credibility with team members.
Therefore, option (b) only statements 1, 2, and 4 are correct.
To know more about statements here
https://brainly.com/question/2285414
#SPJ4
A perfectly competitive firm not able to sell all it wants at the market equilibrium
price. Therefore, it has no incentive to increase prices (sacrificing revenues and
therefore profits) to increase sales. Because other firms are selling nearly identic
products (i.e., goods are homogeneous) at the market equilibrium price, trying to
raise the price would lead to the firm gaining all its sales.
Answers
A perfectly competitive firm is not able to sell all it wants at the market equilibrium price. Therefore, it has no incentive to increase prices (sacrificing revenues and therefore profits) to increase sales. Because other firms are selling nearly identic products (i.e., goods are homogeneous) at the market equilibrium price, trying to raise the price would lead to the firm gaining all its sales.TRUE
In economic theory, perfect competition occurs when all companies sell identical products, market share does not influence price, companies are able to enter or exit without barriers, buyers have perfect or full information, and companies cannot determine prices.In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition.
Perfect competition is an economic term that refers to a theoretical market structure in which all suppliers are equal and overall supply and demand are in equilibrium. For example, if there are several firms producing a commodity and no individual firm has a competitive advantage, there is perfect competition.The three primary characteristics of perfect competition are (1) no company holds a substantial market share, (2) the industry output is standardized, and (3) there is freedom of entry and exit. Efficient market equilibrium under perfect competition is when marginal revenue equals marginal cost.
Learn more about Perfect competition here:
https://brainly.com/question/1488584
#SPJ9
Determine the average rate of return for a project that is estimated to yield total income of $178,640 over four years, cost $369,000, and has a $37,000 residual value. %
Answers
The average rate of return for the project that is estimated to yield total income of $178,640 over four years is -6.4%.
To calculate the average rate of return, we need to determine the average annual income and the initial investment. The average annual income is the total income divided by the number of years, which is $178,640 / 4 = $44,660. The initial investment is the cost of the project minus the residual value, which is $369,000 - $37,000 = $332,000.
Next, we calculate the average rate of return by dividing the average annual income by the initial investment and multiplying by 100 to express it as a percentage. So, ($44,660 / $332,000) * 100 = 13.45%. However, since the result is negative, the average rate of return for the project is -6.4% (rounded to one decimal place). This indicates a negative return on investment.
Learn more about Annual income here: brainly.com/question/28341339
#SPJ11
during the 1980's, the price of one share of Johnson and Johnson stock rose from $17 1/4 to $56 1/8. how much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?
Answers
Given:
Price of one share in 1980 = $\(17\dfrac14\)
Price of one share in 1989 = $\(56\dfrac18\).
To find:
How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?
Explanation:
Using the given information,
Change in the value of each share = \(56\dfrac18-17\dfrac14\)
= \(\dfrac{448+1}{8}-\dfrac\dfrac{68+1}{4}\)
= \(\dfrac{449}{8}-\dfrac\dfrac{69}{4}\)
= \(\dfrac{449-138}{8}\)
= \(\dfrac{311}{8}\)
Value of one share increased by $\(\dfrac{311}{8}\).
Value of 100 shares increased by = \(100\times \dfrac{311}{8}\)
= \(\dfrac{31100}{8}\)
= \(\dfrac{7775}{2}\)
= \(3887.5\)
Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.
after providing instructions and modeling, what is the next thing the trainer should do when using behavioral skills training?
Answers
After providing instructions and modeling, the next step in behavioral skills training is to provide opportunities for practice and feedback. Once the trainer has explained the skill and demonstrated how to perform it correctly through modeling, learners need to actively engage in practicing the skill themselves.
During the practice phase, learners should be given opportunities to perform the skill while the trainer observes their behavior. The trainer should provide constructive feedback, highlighting areas of improvement and reinforcing correct responses. Feedback can be specific, focusing on particular aspects of the skill or providing praise for correct execution.
By offering practice and feedback, the trainer can help learners build competence and confidence in applying the skill. This active participation and reinforcement contribute to the learning process and increase the likelihood of successful skill acquisition.
It is important to note that practice and feedback should be ongoing, allowing learners to continually refine their performance and receive guidance until the desired level of proficiency is achieved.
Learn more about Feedback: https://brainly.com/question/30585866
#SPJ11
what distinguishes the money market from the capital market? group of answer choices the money market deals with instruments valued at $1 million or less, whereas the capital market deals with larger instruments. the money market deals with cash instruments, whereas the capital market deals with real assets. the money market deals with stocks, whereas the capital market deal with bonds. none of these statements is correct. the money market deals with short-term instruments, whereas the capital market deals with long-term instruments.
Answers
the money market deals with short-term instruments, whereas the capital market deals with long-term instruments.
What is the money market?
The money market is a segment of the financial market that deals with the lending and borrowing of short-term funds. The money market is characterized by the trading of highly liquid and low-risk financial instruments, such as treasury bills, certificates of deposit, and commercial paper, with maturities ranging from overnight to one year. The main purpose of the money market is to provide a place for participants to obtain short-term funding for their working capital needs, and for investors to place their short-term surplus funds in low-risk, highly liquid instruments.
Hence, the answer is the money market deals with short-term instruments, whereas the capital market deals with long-term instruments.
To learn more about money market, follow the link:
https://brainly.com/question/24029977
#SPJ4
What is the purpose of a marketing mix? a) To list the prices of your products b) To provide an outline for how you will address your marketing goals c) To detail how you will sell your product d) To understand your target market and its wants and needs
Answers
The purpose of a marketing mix is B. to provide an outline for how you will address your marketing goals.
The marketing mix consists of four key elements, often referred to as the 4 P's: Product, Price, Place, and Promotion. These elements work together to help businesses understand their target market and its wants and needs (option d), ultimately enabling them to create and implement effective marketing strategies.
The product component of the marketing mix focuses on developing the right product or service that meets the needs and desires of the target market. Price refers to setting the appropriate pricing strategy to maximize profit while remaining competitive and appealing to the target audience. Place involves determining the most effective distribution channels to make the product easily accessible to customers. Finally, promotion encompasses various communication and advertising techniques used to inform and persuade potential customers about the product.
In summary, the marketing mix serves as a critical tool for businesses to develop and implement a successful marketing strategy tailored to their target market's wants and needs. Therefore, the correct option is B.
Know more about Marketing mix here:
https://brainly.com/question/859394
#SPJ11
which of the following is not necessary to compute the order quantity using the fixed-time-period model with safety stock? multiple choice ordering cost forecast average daily demand safety stock inventory currently on hand lead time in days
Answers
ordering cost is not necessary to compute the order quantity using the fixed-time-period model with safety stock.
Ordering costs are the expenses incurred by your business to purchase and receive the inventory items. These ordering expenses may include shipping fees, unanticipated transportation costs, inspection fees, and other expenses required to purchase inventory products. Essentially, the costs associated with placing and receiving inventory orders are the purchasing and ordering costs. The ordering cost formula is useful for estimating the economic order quantity and provides businesses with insight into how much of a product is required to meet consumer demand and achieve sales objectives. You can also apply the formula to various items to gain a better understanding of how much of each product your organisation must sell to maintain its budget and achieve its sales revenue objectives.
To know more about Ordering cost
https://brainly.com/question/18520039
#SPJ4
which of the following procedures would a cpa most likely perform in the risk assessment stage of a financial statement audit?
Answers
In the risk assessment stage of a financial statement audit, a Certified Public Accountant (CPA) would most likely perform the following procedure:
b. Perform analytical procedures
Analytical procedures involve evaluating financial information through analysis and comparison of relationships and trends. CPAs use analytical procedures to assess the reasonableness of financial statement amounts and identify potential areas of risk or anomalies that require further investigation. By analyzing financial ratios, trends, and industry benchmarks, CPAs gain insights into the client's business operations, financial performance, and potential risks.
Other procedures commonly performed in the risk assessment stage include understanding the client's business and industry, identifying significant accounts and transactions, assessing internal controls, and conducting inquiries with management and key personnel. These procedures help the CPA gain an understanding of the client's business environment and identify potential risks that may impact the financial statements.
Learn more about CPAs here:
brainly.com/question/19066091
#SPJ11
Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration is an example of a(n) __________, which is effective at transferring __________.
A. joint venture; explicit knowledge
B. joint venture; tacit knowledge
C. equity strategic alliance; tacit knowledge
D. nonequity strategic alliance; explicit knowledge
Answers
Answer:
B. joint venture; tacit knowledge
Explanation:
A joint venture (JV) is a business arrangement where two or more persons are agreed to pool their resoruces in order to attain a particular task. It can be the new project or any kind of business activity
So as per the given situation since both owns 50% perceny that means they are engaged in the joint venture also in this, the tacit knowledge are considered to be effective
So the option b is correct
A consulting company won a $20.8 million three-year contract. The contract requires software development, hosting, and maintenance over three years. The total estimated cost of the project is $17 million, with $10 million expected in Year 1, $5 million in Year 2, and $2 million in Year 3. The billing schedule shows that $5 million will be billed upon start of the work, and then $5 million at each year end. At the end of the first year, the actual cost incurred is $9 million, and total estimated costs are unchanged at $17 million. Using the percentage-of-completion method, how much revenue should be recognized at the end of the first year
Answers
Answer:17%
Explanation: I just want points
in order to most profitably engage in price discrimination, a firm will lower the price for consumers whose demand is _____ and raise the price for consumers whose demand is ______.
Answers
To participate in price discrimination most profitably, a firm will drop the price for consumers whose demand is elastic and raise the price for consumers whose demand is inelastic.
What does third-degree pricing discrimination serve?The third degree is where consumers are separated into GROUPS. For example, age groups with differing price elasticities (children's movie tickets are cheaper than adults'), or time of purchase (people who buy early pay less than those who buy at the last moment). Second Degree: price discrimination based on quantity purchased. "Perfect Price Discrimination" is another term for first degree. This is when each individual consumer pays a different price; each consumer pays the maximum price that he or she is prepared to pay based on demand. This way, there will be no consumer surplus but plenty of production surplus.
To know more about price discrimination visit:
brainly.com/question/15727380
#SPJ4
What is the difference between following the law and acting ethically?
A. Following the law is not enforced but acting ethically is.
B. Following the law involves a set of rules; acting ethically involves your conscience.
C. Following the law involves doing what is right; acting ethically involves doing what is wrong.
D. Following the law is an option but acting ethically is not.
Answers
Answer:
Following the law involves doing what is right; acting ethically involves doing what is wrong
Explanation:
Which is an example of a pun that could be included in a book about space?
Answers
Answer:
When writing about planets, my favorite key on the keyboard is the space bar
Explanation:
btw can i plz get brainliest