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Taya2010 [7]
2 years ago
15

John is an athlete. He has $120 to spend and wants to buy either a heart rate monitor or new running shoes. Both the heart rate

monitor and running shoes cost $120, so he can only buy one. This illustrates the principle that
Business
1 answer:
pshichka [43]2 years ago
8 0

Answer:

a scale of preference has to be drawn.

Explanation:

This is an economic concept where a choice is made between two or more items based on the order of importance.

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The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an
Minchanka [31]

Answer:

The utilization of 70%.

Explanation:

utilization = 35/50

                = 70%

Therefore, the utilization of 70%.

4 0
2 years ago
Last year, DJ's Soda Fountains, Inc. reported an ROE = 27 percent. The firm's debt ratio was 50 percent, sales were $9 million,
notsponge [240]

Answer:

b. $1.82m

Explanation:

Capital Intensity ratio = Total aasets / sales

1.5 = Total Assets / 9m

Total Assets = 9m x 1.5 = 13.5

ROE = Total Income / Shareholders equity

27% = Total Income / (13.5 x 50%)

27% = Total Income / 6.75

Total Income = 27% x 6.75

Total Income = 1.8225

Total Income = 1.82 (Rounded)

The correct option is b. $1.82m.

7 0
2 years ago
Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
Svetradugi [14.3K]

Answer:

a. 30 units of corn and 30 units of wheat.

Explanation:

In a two-product, two-country world, international trade leads to specialization. Each country will produce the product in which it has comparative advantage. In this case, Freedonia will produce only corn and Sylvania will produce only wheat. With all constant, the country will consume the same amount of that product, but the surplus will exchange it for the other product. Freedonia will use all its workers to produce corn, in a year they will produce 6*10= 60 units of corn. Sylvania will use the 10 workers to produce wheat, in a year they will produce 6*10=60 units of wheat.

But, Freedonia will consume the same amount of corn (30 units). Then, Freedonia have 30 available units to trade with Sylvania. And the same for Sylvania, they will consume the same amount of wheat (30 units) and so Sylvania will have 30 available units of wheat to trade with Freedonia.

If the price, for both goods, is the same, Ricardo´s theory predicts that total consumption in both countries will increase, then consumer welfare will increase. Freedonia will consume the same 30 units of corn, but the other 30 will be exchanged by 30 units of wheat. Consumers are better and happier. Freedonia will consume 20 units more of wheat than before without sacrifying units of corn.

3 0
2 years ago
Pelicans Ice is a snow cone stand near the local park. To plan for the? future, Pelicans Ice wants to determine its cost behavio
ra1l [238]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Month Number of snow cones Total operating costs

January 6,400 $5,980

February 7,000 $6,400

March 5,000 $5,000

April 6,900 $6,330

May 9,000  $7,000

June 7,250 $6,575

To calculate the fixed costs using the high-low method, first, we need to calculate the unitary variable cost:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (7,000 - 5,000) / (9,000 - 5,000)= $0.5 per unit

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 7,000 - (0.5*9,000)= 2,500

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 5,000 - (0.5*5,000)= 2,500

3 0
2 years ago
Imagine you own a lawn-mowing business. identify the main function of money exhibited in each situation below.
Brut [27]

what type of grass u cuttin

5 0
2 years ago
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