(look at the graph)
a) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Luxland? explain.
b) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Leanderland? explain.
Answers
Answer:
a) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Luxland? explain.
Yes, it is advantageous for Luxland. On its own, Luxland can only produce 1 chip for 1 pretzel, but with trade, 1 pretzel would now be equivalent to 4 chips, representing a net gain of 3 chips.
b) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Leanderland? explain.
No, trade would not be advantageous. We can see than domestically, Leanderland can produce 2 pretzels for every chip, because the graph shows that 4 chips are equivalent to 8 pretzels for this nation.
For trade to be advantageous, Leanderland should obtain at least 9 pretzels for the 4 chips.
A) The terms of trade will be advantageous for Luxland because, according to the graph, it can produce only one chip for Pretzel.
However, If it decides to trade, it would accrue a gain of 3 additional chips under the 4 chips to 1 Preztel arrangement.
B) Already, Leanderland gets 1 chip for 4 pretzels. Therefore, it will be disadvantageous for it to accept 4 chips for 1 pretzel trade arrangement. The above question seeks to highlight the comparative advantages of Leanderland and Luxland.
What is Comparative Advantage?When an economy or country has the ability to manufacture a good or service at a lower opportunity cost than its trading partners, it is said to have a comparative advantage. In the graph above, Luxland has a comparative advantage with the production of Chips.
See the link below for more about Comparative Advantage:
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Related Questions
will mark brainliest if answered!! due today!! this was in my business class so i chose business
Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?
Answers
Answer:
Rochelle
Explanation:
Because Rochelle oil company is safer than lionel because if there was a leak the damage would be very big.
Answer:
Rochelle
Explanation:
Rochelle because Because her oil company is safer than Lionel because if there were an oil spill the damage would be huge and it would damage the fish while if they take on Rochelles's idea, they can keep the fish healthy and happy.
Stage plays are classified as a form of written work under copyright law.
True
False
Answers
Answer:
Explanation:the correct answer is true thanks for the help
Answer:
The answer is false
Explanation:
I got it wrong on the test so false is the correct answer :)
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Which statement BEST argues that stock markets can be good for society?
The stock market helps people earn money without having to pay any taxes on their income.
The government requires all companies to participate in the stock market
The stock market allows individuals to invest money and create more money.
Answers
Answer:
C
Explanation:
Answer:
C.
The stock market allows individuals to invest money and create more money.
Explanation:
HELPPPP PLEASE I WILL GIVE YOU BRAINLIST
Suppose you are going to buy a car. How do larger economic factors influence the pursuit of this goal.
Answers
A financial goal that I have is to have a well-paying job as I get out of high school so I can afford to go to a University of my choice. This way I won't be in crippling debt and have to take out massive student loans. However, inflation as well as taxes will influence this. Income taxes will force me to have to give up some of my hard-earned money, which will significantly reduce the amount of money I actually make.
I hope this helps! If so, will you add it as the brainliest?
Thanks!
You have an idea for a company that sources fruits from local farms and makes fresh juices on a daily basis. You want to start a subscription-based service in which households within a 100-mile radius subscribe to your plan and receive two gallons of freshly squeezed juice (for example, cherry juice, apple juice, lemonade) twice a week. As you think about starting your business, you ask yourself: Am I being responsive to the customer? Is it innovative? Can I offer a quality product? After asking these questions, review and identify which question you forgot to ask that would give you a sustainable advantage.
Answers
Answer:
Can others imitate my service easily or not? (or some other question related to imitability)
Explanation:
You should analyze this idea using the VRIO (Value Rarity Imitablility Organization) framework.
Am I being responsive to the customer? ⇒ ValueIs it innovative? ⇒ RarityCan I offer a quality product? ⇒ OrganizationImitability ?????Imitability basically refers to how easily your product or service can be copied by the competition. Can other companies offer the same or similar products? e.g. fruit juices or other beverages like milk, or even yogurt or salad, etc.
Which problem is more likely to affect a partnership than a corporation?
O A. It is overly expensive and complicated to get started.
O B. Shareholders may remove the owners from the company.
O C. There are too many legal regulations controlling the business.
O D. Owners have unlimited liability if the business fails
Answers
Answer:
D
Explanation:
Partnerships often leave the owners liable to damages. As they aren’t difficult to set up in comparison, the answer most likely isn’t A. B also seems unlikely, as partnerships are often on a smaller scale. C doesn’t seem to apply.
Answer:
D
Explanation:
The marketing concept is all about meeting the consumer's_____. Choose the best answer.
A) needs
B) Wants
C) Expectations
D) None of the above
Answers
Tim receives a call from a friend when he is on a conference video call with his boss. What should be his next step?
Answers
Answer:
He shoukd apologises to his boss and send the other person to voicemail and creat a plan to call back later
Explanation:
Answer:
Disconnect the call
Explanation:
edmentum
ten opinions on "discipline and successful life"
Answers
Answer:
graditude
forgiveness
meditation
active goal setting
eat healthy
sleep
exersize
organisation
time management
persistance
How does a project manager evaluate the scope of a project?
Determine the overall work that needs to be completed to deliver the desired product, service, or end result
Estimate some of the resources that are needed to deliver the desired product, service, or end result
Evaluate the time it will take to deliver the desired product, service, or end result
Guess how much money it will cost to deliver the desired product, service, or end result
Answers
Stating in an answer for future reference, it's A, "Determine the overall work that needs to be completed to deliver the desired product, service, or end result".
No "Tutor" needed.
Will cash bonuses speed the return to work of unemployed people? A state department of employment security notes that last year 68% of people who filed claims for unemployment insurance found a new job within 15 weeks. As an experiment, the state offers $500 to people filing unemployment claims if they find a job within 15 weeks. The percent who do so increases to 77%.
Answers
Answer:
Apparently handing out a cash incentive for getting a job when you are unemployed really works. A 9% increase in the number of unemployed people getting a new job is significant.
But this hypothesis has a flaw. Is there any way that you can tell if people quit on purpose just to be able to file for unemployment and get the cash bonus? Unemployment benefits vary a lot depending on the state, but the national average is $378 per week. If you multiply that by 4¹/₂ weeks per month = $1,701 (roughly). It is not a fortune, but its not that bad either.
If we add the extra $500 cash bonus to the total unemployment benefits, in 15 weeks a person could earn $500 + (15 x $378) = $6,170 for not working.
It doesn't make sense for someone earning a high salary to quit just to get unemployment benefits, but being unemployed pays you $6,170 / (15 x 40 hours) = $10.28 per hour and that is more than the minimum wage.
____ is all about finding, targeting, attracting, and connecting with the right customers?
Answers
Answer:
Marketing
Explanation:
Marketing is all the activities of interesting customers with specific products or services. Marketing is a process that includes research, promotion, selling, and distribution of goods and services. Marketing facilitates trade by highlighting to customers products that add value to their lives.
Through marketing, a business captures the attention of its target clients. Marketing creates excitement in potential customers, resulting in a company attracting and acquiring new clients.
What is one major effect of specialization on an economy?
O A. Self-sufficiency becomes more important as many businesses
shut down.
B. Opportunity costs for trade rise as businesses are slow to change.
C. Labor becomes more divided as workers focus on certain skills.
D. Voluntary exchange declines as fewer countries can trade
internationally.
Answers
Answer: It’s C
Explanation: read it before you check it because the order might be different in different test.
The one major effect of specialization on an economy is that the Labor becomes more divided as workers concentrate on definite skills.
What is specialization in an economy?Specialization is a manufacturing method in which an organization concentrates on producing a narrow range of products in order to increase efficiency.
Specialization has one cardinal determinant on an economy, that the labor becomes more and more divided as workers focus on specific abilities.
Therefore, option C is correct.
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if i wanted to become a singer how would i do it if i did not have the payments to do auditions
Answers
Joe, Jeff and Jerry Frank own Frank Brothers Farm, a seed company specializing in seed corn. At their weekly meeting they tried to calculate the portion of the farm's overhead expenses that is fixed and the portion that is variable. Over the past twelve months, the number of bushels of seed corn that has been sold reached its peak in May, when the total monthly overhead costs totaled $290,000 for 90,000 bushels of seed corn sold. The lowest number of bushels sold in the last twelve months occurred in December, when total overhead costs were $70,000 for 10,000 bushels sold. What is the fixed portion of the monthly overhead expenses?
Answers
Answer:
Fixed costs= $42,500
Explanation:
Giving the following information:
May:
Total monthly overhead costs totaled $290,000 for 90,000 bushels of seed corn sold.
December:
Total overhead costs were $70,000 for 10,000 bushels sold.
To calculate the fixed component, we need to use the high-low method.
First, the variable component:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (290,000 - 70,000) / (90,000 - 10,000)
Variable cost per unit= $2.75
Now, the fixed costs:
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 290,000 - (2.75*90,000)
Fixed costs= $42,500
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 70,000 - (2.75*10,000)
Fixed costs= $42,500
Trade Barriers decrease the number of goods people can choose from.
True or false ?
Answers
Katalyn owns a small start-up. She wants to select a promotional tool that provides greater reach to the masses and has less cost per thousand. Which media type should Katalyn select? A. radio advertisement B. television advertisement C. telemarketing D. direct mail E. advertisement in yellow pages
(ik its not television so pls don't say its b)
Answers
Answer:
c
Explanation:
Answer:
d
Explanation:
Question 4 Stacy wants to be able to run reports in QuickBooks Online that will tell her which vendors provide the best prices on the products she sells. Which 2 vendor workflows will enable her to create reports with this data? (Select all that apply) Create Bill with product/service items > Pay Bill Create Expense with product/service items Create Expense with account/category detail Create Invoice with product/service items Create Bill with account/category detail > Pay Bill PreviousNext
Answers
Answer:
Create bill with product/service items > pay bills
Create expense with product / service items
Explanation:
Statement 1. Create bill with product/service items > pay bills
This will be a filter in the report that we want to generate because higher bill might include discounts that previously wasn't included in the report. This will help us determine which vendor is paying higher than the others.
Statement 1. Create expense with product / service items
This will help us to indicate which product or service is generating more value to the company for that particular vendor because specific cost related to the product or service will highlight how much it is profitable for the company. For example if the company is based US and wants to import its products from a vendor in china then the quality cost will be higher because we cann't control the quality which will increase the warranty claims. If we buy within US then the repair and maintenance cost would be lower because we will not be sending the defected product back to china.
All of the following are reasons to attend a vocational school except.
O A. It takes less time than earning a bachelor's degree.
O B. It is cost-effective.
C. Most credits are transferable to four-year colleges.
D. You work with experienced instructors.
Answers
Answer:
C. Most credits are transferable to four-year colleges.
Explanation:
Vocational schools offer training on courses that focus on skills required to undertake a particular trade or job function. In vocational training, students are prepared for specific carriers. All other unrelated subjects are disregarded. Due to this and other facts, vocational school training takes less time to complete, is less expensive, and the instructors are specialized.
One cannot transfer credits from vocation training to college. The two institutions offer varied programs that take follow diverse paths, and take different times to complete.
Rip garage, inc. (459 ellis avenue, harrisburg, pa 17111), is an accrual basis taxpayer that repairs automobiles. in late december 2017, the company repaired samuel mosley's car and charged him $1,000. samuel did not think the problem had been fixed, so he refused to pay; thus, trip refused to release the automobile. in early january 2018, trip made a few adjustments under the hood; trip then convinced samuel that the automobile was working properly. at that time, samuel agreed to pay only $900 because he did not have the use of the car for a week. trip said "fine," accepted the $900, and released the automobile to samuel. an irs agent thinks trip, as an accrual basis taxpayer, should report $1,000 of income in 2017, when the work was done, and then deduct a $100 business loss in 2018. prepare a memo to susan apple, the treasurer of trip, with your recommended treatment for the disputed income.
Answers
Answer:
MEMO
To: Treasurer of Trip Garage, Inc.
From: Me
Subject: Dispute over accrued revenue
Mrs. S. Apple,
Good evening. Regarding your dispute over accrued revenue generated form the repair of Mr. Mosley's car, I must inform you the following:
Trip Garage, Inc., is an accrual basis taxpayer, therefore, revenues must be recorded once the repair service was completed, not when the invoice was collected.
In future occasions when similar problems show up, you should record an allowance for doubtful accounts. This way, if you believe that an account receivable is unlikely to be collected, it will be not considered for the year's financial records. This adjusting journal entry must be recorded before the end of the year, if not, all related revenues must be included in the years income statement.
Regards,
Me
Explanation:
Accrual taxpayers are required to record revenues once the revenue generating activity has been completed, i.e. Trip should have recorded $1,000 in revenue during 2017:
Dr Accounts receivable 1,000
Cr Service revenue 1,000
If Trip didn't consider that it would be able to collect the $1,000 receivable, then it should have recorded it as bad debt expense:
Dr Bad debt expense 1,000
Cr Allowance for doubtful accounts 1,000
If thy did not record the bad expense, then the IRS agent is right, and the $1,000 must be included in the 2017 income statement.
What is meant by a 'brand'
Answers
Answer:
A brand is a name given to a product and/or service such that it takes on an identity by itself.
what is the relationship between price and the quantity of gasoline demanded
Answers
Answer:
In the study, Espey examined 101 different studies and found that in the short-run (defined as 1 year or less), the average price-elasticity of demand for gasoline is -0.26. That is, a 10% hike in the price of gasoline lowers quantity demanded by 2.6%. In the long-run (defined as longer than 1 year), the price elasticity of demand is -0.58.
Explanation:
which of the following is also known as profit and loss statement?
net worth ledger
liability statement
income statements
transaction ledger
Answers
A financial statement that outline the revenues and costs during a period of time.
Another name for the profit and loss statement is the income statement.
The income statement is a financial statement that is used to record a firm's income and expenses in a given year. It contains information on the total profit or loss of a firm.
A balance sheet is a financial statement that contains information on a reports company's assets, liabilities and shareholders' equity at a point in time.
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A surplus of computers is supplied. What does this indicate about the demand of the computers? How would the price change affect the computer company’s supply and demand equilibrium?
Answers
A surplus in the supply of computers indicate that the demand for computers is less than the supply of computers.
The price change would lead to an increase in the equilibrium quantity of computer demanded and supplied.
A surplus in supply means that the quantity supplied of a good exceeds the demand for the good. It means that the demand for the good is less than the supply of the good. When the supply of a good increases, the equilibrium price of the good decreases and the equilibrium quantity of the good increases. On a demand and supply curve, a surplus would be shown as a rightward shift of the supply curve.
As a result of the decline in price, the quantity demanded of computers would increase. This would lead to a rise in equilibrium price and quantity.
A similar question was answered here: https://brainly.com/question/14796972?referrer=searchResults
Pick an object in your house. Now come up with a new, innovative use for the object. You're going to come up with a marketing plan for your new product. Your plan must include the following parts: Identify your target market. Outline your strategy with specific steps you'll take.
Answers
Answer:
apple
Explanation: People will enjoy the apple, I will make commercials of people eating them so they get hungry.
Answer:
Youve heard of a water bottle well to be enviromentally friendly i came up with a new invention a ring dish out of a water botle youve seen the bracelets and jewlery but you havent seen a ring dish or a phone case they are enviromentally safe, scratch resistant, they are cute.
Explanation:
just a little idea i came up with\
he Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel’s business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy-Days Electrical Costs January 3,240 $ 8,622 February 3,060 $ 8,228 March 1,150 $ 3,910 April 2,260 $ 7,684 May 4,310 $ 10,984 June 1,270 $ 4,318 July 3,410 $ 9,418 August 640 $ 2,176 September 1,310 $ 4,454 October 3,760 $ 9,738 November 1,330 $ 4,522 December 2,570 $ 7,868 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.)
Answers
Answer:
Fixed costs= $640
Variable cost per unit= $2.4
Explanation:
Giving the following information:
Month Occupancy-Days Electrical Costs
January 3,240 $ 8,622
February 3,060 $ 8,228
March 1,150 $ 3,910
April 2,260 $ 7,684
May 4,310 $ 10,984
June 1,270 $ 4,318
July 3,410 $ 9,418
August 640 $ 2,176
September 1,310 $ 4,454
October 3,760 $ 9,738
November 1,330 $ 4,522
December 2,570 $ 7,868
To calculate the unitary variable cost and the fixed cost under the high-low method, we need to use the following formulas:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (10,984 - 2,176) / (4,310 - 640)
Variable cost per unit= $2.4
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 10,984 - (2.4*4,310)
Fixed costs= $640
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 2,176 - (2.4*640)
Fixed costs= $640
Match each career path with the CTSO that can help further the goals for that path.
Tiles
A.SkillsUSA
B. Business Professionals of America
C.Family, Career and Community Leaders of America
D.Health Occupations Students of America
E.National FFA Organization
Pairs
1. Andrey wants to pursue a career in farming.
2. Betty dreams of becoming a computer engineer.
3. Cynthia wants to pursue a career in the IT industry.
4. Daphne wants to be a nurse.
5. Ethan seeks a job in politics.
Answers
Explanation:
Remember, CTSO which stands for Career and Technical Students Organization is an organization that aids students in acquiring technical education and in achieving their career objectives.
Here's a match of each career path with the most appropriate CTSO that can help:
Skills USA ⇒ Cynthia wants to pursue a career in the IT industry
Business Professionals of America ⇒ Betty dreams of becoming a computer engineer.
Family, Career, and Community Leaders of America ⇒ Ethan seeks a job in politics.
Health Occupations Students of America ⇒ Daphne wants to be a nurse
National FFA organization: ⇒ Andrey wants to pursue a career in Farming.
Note: The above conclusions were made after visiting the websites of the CTSOs to determine their objectives.
Answer:
Andrey wants to pursue a career in framing - National FFA Organization
Betty dreams of becoming a computer engineer - SkillsUSA
Cynthia wants to pursue a carerre in the IT industry - Business Professionals of America
Daphne wants to be a nurse - Health Occupations Students of America
Ethan seeks a job in politics - Family, Career and Community Leaders of America
Explanation: this is correct on edmentum / plato
What are desirable qualities for office assistants to have?
Answers
Answer:
Good communication skills.
Organization skills.
Team player.
Interpersonal communication skills.
Detail oriented.
Positive, can-do attitude.
Flexible.
Ability to prioritize.
Explanation:
f. Explain why the Study of geography
Is beneficial in the management
and conservation of the environment
Answers
Answer:
It creates awareness /understanding in the people of the environment in which they live hence the need to manage, and use resources sustainability.
Lena has just become eligible to participate in her company's retirement plan. Her company does not match contributions, but the plan does average an annual return of %. Lena is 40 and plans to work to age 65. If she contributes $ per month, how much will she have in her plan at retirement?
Answers
Answer:
Throughout her retirement plan, Lena will still have $206,673.13.
Explanation:
The given values are:
Annual Interest Rate
= 12.00%
Monthly Deposit
= $110
Period
= 25 years i.e., 300 months
Monthly Interest Rate
= 1.00%
Now,
The Accumulated Deposits will be:
⇒ [tex]110\times 1.01^{299} + 110\times 1.01^{298}+....+ $110\times 1.01 + $110[/tex]
⇒ [tex]\frac{110\times (1.01^{300} - 1)}{0.01}[/tex]
⇒ [tex]110\times 1,878.846626[/tex]
⇒ [tex]206,673.13[/tex] ($)