In one week, Mohammed can knit 5 sweaters or bake 240 cookies. In one week, Aisha can knit 15 sweaters or bake 480 cookies. Which of the following is correct? a. Mohammed has an absolute and a comparative advantage in both tasks. b. Mohammed has an absolute advantage in both tasks and a comparative advantage in knitting sweaters. c. Mohammed has an absolute advantage in both tasks and a comparative advantage in baking cookies. d. Aisha has an absolute advantage in both tasks and a comparative advantage in knitting sweaters. e. Aisha has an absolute and a comparative advantage in both tasks.
Answer:
d. Aisha has an absolute advantage in both tasks and a comparative advantage in knitting sweaters.
Explanation:
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."
Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.
This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).
An absolute advantage can be defined as the ability of an individual such as a producer to produce a good or provide a service in larger (greater) quantity for the same amount of money or the same quantity at a lesser cost or time. This ultimately implies that, an absolute advantage is the superior capability of an individual over another using the same resources.
Hence, Aisha has an absolute advantage in both tasks (superior capability) and a comparative advantage in knitting sweaters because she can knit 10 more sweaters than Mohammed using the same resources or time.
Answer:
D. Aisha has an absolute advantage in both tasks and a comparative advantage in knitting sweaters.
Explanation:
Hope this helps
When modeling fisheries: (You may choose one or more answers, you may also want to consult your book concerning fixed quota and fixed effort) Group of answer choices Fixed quota models are risky because slight miscalculations can result in fish population extinction Fixed quota models result in multiple maximum sustainable yield population levels Fixed effort harvesting reduces the risk of population extinction Fixed effort models result in an inability to harvest at maximum sustainable yield
Answer:
Option A, Fixed quota models are risky because slight miscalculations can result in fish population extinction
Explanation:
Some of the major drawbacks of modelling fishing are as follows –
a) The fixed quota model is very risky as a miniscule change in attributes can result into extinction of fish.
b) On the other hand fixed effort harvesting can decrease the risk of fish population extinction
Hence, option A is correct
Which of the following statement is false? Group of answer choices Financing activities include the obtaining of cash from issuing debt and repaying the amounts borrowed. Statement of cash flows help investors assess the entity’s ability to generate future cash flows. Noncash investing and financing activities should not be included in the body of the statement of cash flows. Interest payment on bonds payable is a cash outflow from financing activities.
Answer:
Interest payment on bonds payable is a cash outflow from financing activities.
Explanation:
The only statement which is false from the list is : Interest payment on bonds payable is a cash outflow from financing activities.
Interest payment on bonds payable is an expense in the income statement used to determine the income for the year. Net Income falls under the Cash flows from Operating Activities.
what is conceptualization
Answer:
the action or process of forming a concept or idea of something in your mind
Explanation:
Forsyth County charges a 7% sales tax. If you bought a new printer form $3250.00, what is the total cost for the printer?
Answer:
Total cost = $3477.5
Explanation:
Given the following data;
Sales tax = 7%
Cost price = $3250.00
To find the total cost for the printer;
First of all, we would determine the sales tax
Sales tax = 7/100 * 3250
Sales tax = 7 * 32.5
Sales tax = $227.5
Now, we can find the total cost;
Total cost = sales tax + cost price
Total cost = 227.5 + 3250
Total cost = $3477.5
Pls help it’s due tomorrow!
Answer:
A. Contact Information for Refrences.
Explanation:
Hi there! To me it makes the most sense because it has nothing to do with a carrer plan. Sure, refrences are benefical but they do not determine what can help you grow and succed in the workforce.
I hope this helps! Good luck! :)
Select the closing entry that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances. Multiple Choice debit Sales and credit Income Summary for $15,000. debit Sales $15,000; debit Purchase Returns and Allowances $200 and credit Income Summary for $15,200. debit Sales for $15,000; debit R Holloway, Capital for $13,000 and credit Income Summary for $28,000. debit Income Summary for $15,000 and credit Sales for $15,000.
Answer:
debit Sales $15,000; debit Purchases Returns and Allowances $200 and credit Income Summary for $15,200
Explanation:
Based on the information given the CLOSING ENTRY that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances are:
Debit Sales $15,000
Debit Purchases Returns and Allowances $200 Credit Income Summary for $15,200
($15,000+$200)
(To close revenue accounts and income statement accounts)
What is the concept of a “substitute” in economics?
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The following transactions have been journalized and posted to the proper accounts: 1. Mark Call invested $7,000 cash in his new design services business. 2. The business pre-paid the first month's rent of $700 cash. 3. The business purchased equipment by paying $2,000 cash and issuing a note payable for $4,500. 4. The business purchased supplies for $850 cash. 5. The business billed a client for $4,000 of design services completed. 6. The business received $3,000 cash for the completed services. What is the balance in Cash for this design service business
Answer:
$6,450
Explanation:
Calculation to determine the balance in Cash for this design service business
Using this formula
Cash balance=Cash Amount invested+Cash Received-Rent- Equipment purchased-Supplies
Let plug in the formula
Cash balance=$7,000+$3,000-$700-$2,000-$850
Cash balance=$6,450
Therefore the balance in Cash for this design service business is $6,450
Harold wants to find all order numbers in his database that begin with “01” and replace them with “02.” He places his cursor in the “OrderNumber” field and opens the “Find Dialog” box. Which steps would most quickly accomplish this task?
On the Find tab, enter “01” for “Find What,” go to Replace tab, enter “02,” and click “Replace.” Continue to the next record and repeat.
On the Replace tab, enter “01” to search, “02” to replace, and click “Replace All” to change all the order numbers that start with “01.”
On the Find tab, enter “01” for “Find What,” go to Edit tab, enter “02,” and click “Edit.” Continue to the next record and repeat.
On the Replace tab, enter “01” to search, “02” to replace, and click “Change All” to change all the order numbers that start with “01.”
Answer:
D.
Explanation:
All of the following are assumptions of the resource-based model EXCEPT: a. firms acquire different resources and develop unique capabilities based on how they combine and use resources. b. firms' performances across time are due primarily to their unique resources and capabilities rather than the industry's structural characteristics. c. differences in resources and capabilities are the basis of competitive advantage. d. resources and capabilities are highly mobile across firms.
Answer: d. resources and capabilities are highly mobile across firms.
Explanation:
Resource-based theory posits that valuable resources which are difficult to copy are valuable to the success of an organization. Such resources can further develop the capabilities of a firm. In the resource-based model, skilled employees are key to the success of the organization.
A why assumption of this model is that the differences in resources and capabilities bring about competitive advantage.
It should be noted that option D "resources and capabilities are highly mobile across firms" ain't an assumption and is therefore the answer.
Dirk suffered a heart attack and was rushed to the hospital where heart surgery was performed. His total bill for medical services was $50,000. Dirk has a major medical policy with 80-20 coinsurance, a $1,000 calendar-year deductible, and a $9,000 out-of-pocket limit. The out-of-pocket limit applies to coinsurance only. Assuming this hospitalization was the first medical care that Dirk received during the year and that all of the hospital services were eligible for coverage under the policy, how much of the $50,000 bill will the insurer pay
Answer:
2000
Explanation:
An investor does not wish to attempt to time the market, so she invests $300 each month into the GEMCO Growth Fund. Over the past 5 months, her purchase prices have been $10, $12, $15, $20, and $25. On the basis of this information, if she were to stop investing at this point and sell her shares 2 months from now when the NAV is $15 per share and the public offering price is $15.79, it would be CORRECT to state that her A) average cost per share was $16.40 B) proceeds were $15.79 per share C) cost basis for tax purposes was $14.71 D) realized loss would be $1.40 per share
Answer:
It would be 4(67)+ 56-
Explanation:
what are the two advantages and two disadvantages in breakevean analysis
Answer: See explanation
Explanation:
Break-even analysis tells a business about the number of products which must be sold in order to cover the costs of production.
Advantages of break even analysis include:
1. It enables a business organization to be able to measure the profit and the losses at different stages of the production and sales.
2. It is used to forecast the effect of the changes in the sales prices.
3. It also vital in analyzing the relationship that exist between the fixed cost and the variable costs.
Disadvantages of break even analysis include:
1. It assumes that the sales prices are constant at the levels of output.
2. It also assumes that both the sales and the production are the same.
3. It can be time consuming during its preparation.
Secondary data consist of ________. A) data that is unreliable and unsuitable for the purpose of making marketing decisions B) information collected from conducting personal, in-depth interviews C) data that does not age D) information that already exists somewhere, having been collected for another purpose E) information collected for the specific purpose at hand
Answer: D) information that already exists somewhere, having been collected for another purpose.
Explanation:
Secondary data in a research is data that has already been collected by others and usually for the another purpose but can be used for the purpose at hand.
These other sources could be from the government or private institutions and individuals but when they are used in research they must be referenced so that viewers know where the information is from.
Secondary data is used in our daily lives. For instance, if you had a weather report and used data from the National Weather Service (NWS), that is secondary data being used.
The best way to obtain all of your education history including grades, course history, and credits earned is to request a
O diploma
transfer
O transcript
O report card
how should a consumer seek remedy once they have experienced unfair financial practices
A trust in the other party to accurately adjust any errors made on their behalf
B Contact the other party one time only as opposed to multiple communications
C Contact local media organization to reveal any wrongs committed by the other party
D Take steps to properly file a dispute and engage an advocate to handle their case
How are consumers responsible for their own security
A They should create simple passwords using birthday and names instead of something more complicated
B They should always use open public networks because they are more secure than private networks
C They must join an identity protection service to protect themselves from identity theft
D They should use and regularly update an antivirus program to protect their personal information
Which statement correctly describes an internet security issues
A Phishing is an illicit software program which unwittingly sends private account information from a user's computer
B Spyware are individuals who attempt to get access to another person's computer to harm it somehow
C A virus is a harmful program that gets loaded onto a user's computer after visiting an infected website
D Hackers are attempts to deceive people into revealing personal information with fraudulent emails and social media requests
Answer: C
Explanation:
You welcome.
Which pathways in the Transportation and Logistics career cluster typically have high rates of illness and injury?
O Transportation Systems/Infrastructure Planning, Management, and Regulation, Transportation Operations, and
Sales and Service
O Health, Safety, and Environmental Management: Warehousing and Distribution Center Operations, and Logistics
Planning and Management
O Sales and service, Logistics Planning and Management, and Facility and Mobile Equipment Maintenance
Transportation Operations, Facility and Mobile Equipment Maintenance, and Warehousing and Distribution Center
Operations
Answer:
D
Explanation:
Answer:
D
Explanation:
Select the correct answer from the drop-down menu. Which type of college credit program does the statement describe? The program is one of the more common ways to get college credi you must take at the end of the course. Reset
Answer:
scholarship
i wanna say its that but
can we see the drop down menu?
Explanation:
Answer:
can we see what's in the drop down menu
But I'm pretty sure its a scholarship
Explanation:
what is a premiun?
asfghjbvm
Net initial investment includes ________. Group of answer choices cash outflow to purchase new equipment, depreciation on new equipment, and after-tax cash inflow from disposal of the old equipment cash outflow to purchase new equipment, cash outflow for working capital, and after-tax cash inflow from disposal of the old equipment depreciation on new equipment, cash outflow for working capital, and after-tax cash inflow from disposal of the old equipment cash outflow to purchase new equipment, cash outflow for working capital, and depreciation on new equipment
Answer:
The correct answer is the following option: Cash outflow to purchase new equipment, cash outflow for working capital and after-tax cash inflow from disposal of the old equipment.
Explanation:
To begin with. the term known as "Net initial investment" refers to a concept in the field of business, finances and accounting that represents the total amount of money that the investors a company or a project put it together in order to start the business. It is a very important matter of the capital budgeting use due to the fact that involves the cash for new equipment and new working capital as well as the after-tax cash inflow from disposal of the old equipment. Moreover, the correct apreciation and calculation of this concept involves a major contribution to the final returns to the shareholders, so that puts more importance in the term.
When a startup wants to offer stock on the stock market, they go from a private to a public company.
Answer:
true...u didn't wrote if u want answer it or not but its true
NEED HELP ASAP 10 POINTS
The production, purchase, and sale of goods in a world-wide market is known as the _____.
Answer:
I think it's global economy
How do you think your interests and experiences could turn into your future career?
Answer:
Well if you like doing something and/or you like watching someone that you look up to do things then you would most likely be more than happy to do that job in the future. For example if you like playing games and learning about how they are made you might become a pro gamer or a game developer.
Explanation:
Say the following 2 events occur at the same time: 1) an increase in the price of milk, an input in the production of cheese; 2) a decrease in the price of bagels, a complement of cheese. The following 2 events would lead to a(n) _________ in the market price and a(n) __________ in the market quantity of cheese. 1 point indefinite change; indefinite change increase; indefinite change indefinite change; decrease indefinite change; increase decrease; indefinite change
Answer:
The correct answer is the following combination: Increase; indefinite change.
Explanation:
To begin with, in the microeconomics theory when it comes to the rise of the price of a product the factors of major impact will be the inputs needed in the production of final good. In this particular case, the fact that the price of the milk has increased it will afect directly the price of the cheese in a matter of going up. And that consequently will afect the quantity demanded by going down. However, due to the fact that now the price of the bagels, a complement of the cheese, has gone down then it is indefinite to known what will happen to the quantity demanded of the cheese due to the fact that this last factor will impact it positively. So in the end, the two situations affect the quantity to a matter of indefinite change.
hello how are you? you are fine, thats great basically 1+1 =2 but really if you take - out of = you get 1+1-2 which is 0 syawyna what shape is purple narwhal or chainsaw
the answer you are looking for is acrobat
Answer:
Honesty that's kind of true and to answer the narwhal chainsaw question.....it cycles through the rainbow like LED lights in your room
Explanation:
When Shelly hired the housecleaning service, she asked them to use her hypoallergenic cleaning supplies. Instead the workers used their own supplies and Shelly had to lose a day from work because of her allergic reaction to the smell of the cleaners. When Shelly looked at the service guarantee that the workers had left, she found that she could get a reimbursement for all of her out-of-pocket expenses if she had a notarized letter from her doctor describing her condition and her reaction, an affidavit from the workers that they had used the wrong cleaners and another notarized statement that she would not have become ill if the workers had used the right cleaners. This service guarantee is ineffective because it is NOT:
Answer: Easy to invoke and collect
Explanation:
To make claims on services and get paid can be a stressful journey sometimes. As most organization would require you provide much evidence for the claims you are making. What makes it more stressful is the number of organizations involved to make the claims a success, this is why most times they are not easy to invoke and reclaim. Most persons would rather bear the loss than go through the process. This is what Shelly has to consider while making her claim.
If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many
Yens do you need to buy 200 Dollars for? show working please
Answer:
2,400 Yens
Explanation:
exchange rate for buying Japanese Yen is 12 Yens per Dollar
1 dollar : 12 Yens
how many Yens do you need to buy 200 Dollars for?
Let
x = number of Yens needed
200 dollars : x Yens
Equate the ratios to find x
1 dollar : 12 Yens = 200 dollars : x Yens
1/12 = 200/x
Cross product
1 * x = 12 * 200
x = 2,400
x = number of Yens needed = 2,400 Yens
Answer:
2400 yen
Explanation:
smort
3. Which is an example of a financial statement?
a. Bank statement
b. Statement of contributions
C. Fixed and variable statement
d. Periodic statement
Answer:
i think the answer is
a.)bank statement
Leron is in high school and is interested in the Logistician career. Which accurately lists the most likely pathway
that Leron will take?
O high school diploma + certification
O high school diploma + associate's degree - licensure
O high school diploma + bachelor's degree
O high school diploma — master's degree internship
Answer:
Leron would have to get a high school diploma and then a bachelors degree. A bachelors degree is required for a entry level position. Hope that helps!
Explanation: