Answer:
(a) 3 pounds of shrimp
(b) 5 pounds of shrimp
Explanation:
Opportunity costs refers to the costs or benefits that are foregone to select some other alternative.
Vietnam can produce 180,000 pounds of shrimp or 60,000 pounds of rice in a year:
Opportunity cost of producing one pound of rice = 180,000 ÷ 60,000
= 3 pounds of shrimp
Ecuador can produce 130,000 pounds of shrimp or 26,000 pounds of rice in a year:
Opportunity cost of producing one pound of rice = 130,000 ÷ 26,000
= 5 pounds of shrimp
Therefore,
According to the principle of comparative advantage, the Vietnam has a comparative advantage in producing rice because it has a opportunity cost of producing rice than Ecuador.
Answer:
B. discharged
Explanation:
Based on the information provided within the question it can be said that Bottling's contractual obligation to Chug is breached. This term refers to when a party in a contract does not meet the obligations that they agreed upon for whatever reason. Which, since Bottling decided to not perform their part of the contract due to prices becoming to high then they are breaching the contract, regardless whether or not it is due to external factors.
Answer:
Jacob made a mistake at the Initiation stage of the project management process
Explanation:
The initiation stage is the first stage in every project cycle. It is the stage of defining the objectives, scope, purpose and deliverable to be produced.
If this stage of project management had been well managed the project might not have failed because the employees would have been guided on the trends to follow to achieve the various goal and objectives set for each projects.
Answer:
B. Grouting
Explanation:
These are the options for the question;
A. Epoxy resin
B. Grouting
C. Tensioning
D. Ranging
In the case of dormant cracks wider than about 1m, it is more economical to use grouting method.
Grouting techniques is a techniques that is achieved by removal of dirt or unwanted substance from the crack of the the faulty part and then grouting of the crack after which the surface is sealed by sealants. It should be noted that grouting is economical than other methods such as surface treatment.
Answer:
$63,600
Explanation:
Th weighted average method is one that ensures that all the various prices at which inventory is bought is considered to determining the price at which inventory is issued.
Amount of Inventory at
= (150 × 200) + (500 × 210) + (350 × 220) = $212,000
Total quantity (before sales) = 150 + 500 + 350 = 1000 units
Weight average cost per unit = $212,000/1000 = $212
The 700 units sold will be value at $212 per unit.
Hence total cost of goods sold = $212 × 700 = $148,400
Closing inventory amount = $212,000 - $148,400
= $63,600
