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IrinaK [193]
1 year ago
8

Mike and Sandy are two woodworkers who both make tables and chairs. In one month, Mike can make 4 tables or 20 chairs, where San

dy can make 6 tables or 18 chairs. Given this, we know that the opportunity cost of 1 chair is:_________a.1/5 table for Mike and 1/3 table for Sandyb. 1/5 table for Mike and 3 tables for Sandyc-.5 tables for Mike and 1/3 table for Sandyd. 5 tables for Mike and 3 tables for Sandy
Business
2 answers:
leva [86]1 year ago
8 0

Answer:

B

Explanation:

zzz [600]1 year ago
4 0

Answer:

Option (a) is correct.

Explanation:

Mike can make 4 tables or 20 chairs:

Opportunity cost of producing 1 chair = 4 ÷ 20

                                                              = 0.2

Sandy can make 6 tables or 18 chairs:

Opportunity cost of producing 1 chair = 6 ÷ 18

                                                              = 0.33

Therefore,

Mike has the comparative advantage in producing chair because he has the lower opportunity cost as compared to Sandy.

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Bond A pays $4,000 in 14 years. Bond B pays $4,000 in 28 years. (To keep things simple, assume these are zero-coupon bonds, whic
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Answer and Explanation:

Given that Bond A pays $4,000 in 14 years and Bond B pays $4,000 in 28 years, and that the interest rate is 5 percent, we see that Using the rule of 70, the value of Bond A is 70/5 = doubled after 14 years. Now if its value is 4000 in 14 years, its current value must be halved. Hence the value is 2000.

Sinilarly the value of Bond B is approximately one fourth now because it pays 4000 in 28 years. Hence its value is 4000/4 = 1000.

Now suppose the interest rate increases to 10 percent. Hence the doubling time is 70/10 = 7 years

Using the rule of 70, the value of Bond A is now approximately 1,000 and the value of Bond B is 250

Comparing each bond’s value at 5 percent versus 10 percent, Bond A’s value decreases by a smaller percentage than Bond B’s value.

The value of a bond falls when the interest rate increases, and bonds with a longer time to maturity are more sensitive to changes in the interest rate.

8 0
1 year ago
If a law enforcement officer suspects your vehicle is not properly maintained or does not comply with florida motor vehicle equi
Schach [20]

<em>If a law enforcement officer suspects your vehicle is not properly maintained or does not comply with Florida motor vehicle equipment standards, the officer </em><em>will forbid you to drive to the highway </em>

<h2>Further Explanation </h2>

Motorized vehicles are vehicles that are driven by technical equipment for movement, and are used for land transportation. Generally, motor vehicles use internal combustion engines, but electric motors and other types of engines (eg hybrid electric vehicles and plug-in hybrids) can also be used. Motorized vehicles have wheels, and usually walk on the road. The types of motorized vehicles can vary, ranging from cars, buses, motorbikes, off-road vehicles, light trucks, to heavy trucks. The classification of motor vehicles varies depending on the country.

<h3>Standardization of motor vehicles in the federal state: </h3>
  • Control and display
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Learn More

Standardization of Driving brainly.com/question/4190637

Motor Vehicle Rules brainly.com/question/4190637

Details

Grade: High School

Subject: Business

Keyword: standardization, vehicle, motor

6 0
1 year ago
Read 2 more answers
Various financial data for SunPath Manufacturing for 2019 and 2020 follow. 2019 2020 Output: Sales $ 300,000 $ 330,000 Inputs: L
erik [133]

Answer:

22.20%

Explanation:

Energy Productivity Ratio 2019 = 300,000 / 10,000 = 30

Energy Productivity Ratio 2020 = 330,000 / 9,000 = 36.66

The percentage change = (36.66-30)/30 * 100

The percentage change = 0.222 * 100

The percentage change = 22.20%

So, the percentage change in the energy partial productivity measure for SunPath between 2019 and 2020 is 22.20%

3 0
2 years ago
Answer the following question based on the article "The Mystery of Original Sin: We Don't Know Why God Permitted the Fall, but W
Alexandra [31]

Answer:

D) He wants us to learn that having Him at the center of our lives will always be the best for us no matter how big or small the decisions we must face.

Explanation:

The article exposes that dehumanization is part of the world we're living in today. Marguerite Shuster argues that the world we're living in today is Genesis 3 world.

What's wrong with this world? "As the story goes, Chesterton responded with just two words: "I am." His answer is unlikely to be popular with a generation schooled to cultivate self-esteem, to pursue its passions and chase self-fulfillment first and foremost."

Then Shuster's invitation is to recenter our lives at Him.

References:

Shuster , M. (2013). The Mystery of Original Sin: We don’t know why God permitted the Fall, but we know all too well the evil and sin that still plague us. Christianity Today, 57(3), 38-41

Shuster, Marguerite. “Did God Plan the Fall?” ChristianityToday.com, Christianity Today, 24 Sept. 2018

8 0
1 year ago
Eric's income increased from $40,000 to $50,000 per year. Eric's consumption of tickets to pro football games increased from two
ira [324]

Answer:

By the midpoint formula, his income elasticity of demand for pro football game tickets is equal to <u>+3</u>, and football game tickets are <u>normal</u> goods.

Explanation:

The formula for calculating income elasticity of demand using the midpoint method is:

income elasticity of demand = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}

= {2 / [(2 + 4) / 2]} / {10,000 / [(40,000 + 50,000) / 2]} = (2 / 3) / (10,000 / 45,000) = 0.67 / 0.222 = 3

when the income elasticity of demand is higher than 1, the goods are normal goods.

6 0
1 year ago
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