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IrinaK [193]
2 years 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]2 years ago
8 0

Answer:

B

Explanation:

zzz [600]2 years 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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Stephanie manages the accounting department at an advertising agency. She needs to conduct performance appraisals for the eight
wolverine [178]

Answer:

The correct answer is behaviorally anchored rating scale.

Explanation:

The behavior-based rating scale is a performance appraisal method that combines elements of the traditional rating scale and critical incident methods.  In this, various levels of performance are presented along with a scale that describes them regarding the specific work behavior of an employee.

4 0
1 year ago
Taking into account recent technological developments what technical advances do you think are possible in the next twenty years
9966 [12]

Answer:

1. Automation and robotics

2. Hyperloop and autonomous vehicles

3. Smart drones

4. Virtual reality learning

5. Space vacation (tourism)

Explanation:

1. Automation and robotics: This will continue to transform the manufacturing sector in various ways with use of Internet of Things (IoT), learning though data collection and analysis, there will be a general increase in robotic integration.

2. Hyperloop and autonomous vehicles: pneumatic tube that uses a series of linear induction motors and compressors to propel vehicles at super fast speeds. Hyperloop’s technology will be the future of long distance travel in the world. Also, autonomous vehicle technology will become a safer alternative to human driving.

3. Smart drones: The use of drones for delivering parcels, Medicine, Pizza, and all types of goods is receiving large investment from Google, Amazon, Walmart and so on. Drones will be the future of delivering items in future.

4. Virtual reality classrooms and meetings: This is a technological advancement that will provide an engaging and immersive experience in learning and other virtual meetups without leaving ones current environment.

5. Space vacation (tourism): This will give opportunity to the members of the public to buy tickets(return tickets) to travel to the space and probably stay for a given period. With the help of companies like Spacex, Orbital Technologies etc, space tourism is becoming a realistic target.

5 0
2 years ago
Suppose a firm produces with a technology that exhibits constant returns to scale at all levels of production. The firm's inputs
GREYUIT [131]

Answer:

Not change

Explanation:

In the long run we expect firms to earn zero profits. With competitive markets for both inputs and output, and with constant returns to scale, a doubling of all inputs would lead to twice as much output, twice as much revenue, and twice as much cost.

3 0
2 years ago
What should a manager do if a guest displaying visible signs of intoxication refuses assistance, and attempts to leave the premi
padilas [110]

The correct answer is; Call the police for assistance.

Further Explanation:

If there is a guest at a bar or other establishment that serves alcohol and there is an intoxicated person who is attempting to leave by driving;  the police should be called immediately.

If the person is allowed to leave while intoxicated they could cause an accident and be killed or kill someone else. If there is any way to get the keys from the driver, then that should be done quickly and safely. If the intoxicated person has a friend with them and they are sober, ask if they can drive the person home. The manager can also offer to call a taxi for the intoxicated driver.

Learn more about drunk driving at brainly.com/question/11442690

#LearnwithBrainly

6 0
1 year ago
A manager wants to minimize the total cost of the inventory. The annual demand for the wheel is 60,000 wheels, and the firm oper
Ede4ka [16]

Answer:

Check th explanation

Explanation:

2a.

Here, we will have to apply the economic production quantity as we have to identify optimal production quantity to minimize the cost.

Annual Demand D = 60000

Working Days = 240

Daily Demand d= 60000/240 = 250

Production Rate p = 300

Set up cost S = 150

Holding cost H = 3

Economic Production Quantity Q = (2DS/(H*(1-(d/p))))^(1/2)

Q = (2*60000*150/(3*(1-(250/300))))^(1/2)

Q = 6000 units

4 0
2 years ago
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