Answer:
Janet's opportunity cost of making a pizza is <u>0.67 gallons</u> of root beer, and Megan's opportunity cost of making a pizza is <u>0.71 gallons</u> of root beer.
<u>Janet</u> has an absolute advantage in making pizza, and <u>Janet</u> has a comparative advantage in making pizza.
If Janet and Megan trade foods with each other, <u>Janet</u> will trade away pizza in exchange for root beer. The price of pizza can be expressed in terms of gallons of root beer. The highest price at which pizza can be traded that would make both roommates better off is <u>0.71 gallons</u> of root beer, and the lowest price that makes both roommates better off is <u>0.67 gallons</u> of root beer per pizza.
Explanation:
Janet's opportunity cost to brew a gallon of root beer = 3/2 = 1.5 pizzas
Janet's opportunity cost to make a pizza = 2/3 = 0.67 gallons of root beer
Megan's opportunity cost to brew a gallon of root beer = 7/5 = 1.4 pizzas
Megan's opportunity cost to make a pizza = 5/7 = 0.71 gallons of root beer
Opportunity costs are extra costs or benefits lost that result from choosing one activity or investment over another alternative. E.g. in this case, Janet can either make 1.5 pizzas or 1 gallon of root beer during a 3 hour period, but she cannot make both of the together. She must choose one or the other.
Answer:
Check the explanation
Explanation:
Solution: Journal entry for the purpose would be:
Cash A/c. Dr. 4920
Interest Revenue 20
Interest Receivable 100
Note Receivable. 4800
(Being due amount on note along with the interest collected)
Note:
Total interest on Note= 4800 x 10% x90/ 360 days
= $120
Interest accrued in previous year=$ 120 x 2.5/3 =$ 100
(i.e. represent in entry by way of interest receivable)
Interest income for current period =$(120-100)=$20
Assumed: Financial year ended on December 31st.
Base on the information given above, the best term that describes the family is 'egalitarian' Egalitarianism is the class of thought that believes that all people are equal and they should have the same rights.
The formula is to calculate stock price through dividend discount model is
Share price = Dividend/(rate of return - dividend growth rate)
=$1.34/(5%-3%)
=$67
Answer:
$92,8571.7937
Explanation:
The computation of the amount after 40 deposits is shown below:
= (((1 + interest rate)^number of years - 1) ÷ interest rate)× principal
= (((1 + 0.06)^40-1) ÷ 0.06) × $6,000
= $92,8571.7937
We simply applied the above formula and the same is to be considered
We considered all the things given in the question
