Answer:
c. A tractor manufacturer’s demand for assembly-line workers is inseparably linked to the supply of tractors
Explanation:
Derived demand is when the demand for a good, service or labour is as a result of demand for another good or service.
The demand for assembly line workers is as a result of demand for tractors. If there was no demand for tractors ,there would be no need to employ assembly line workers.
I hope my answer helps you.
Answer:
A. The USA specializes in potatoes because of its comparative advantage in producing potatoes.
Explanation:
US 1 ton of potatoes or 0.5 tons of wheat = 2
Ireland 3 tons of potatoes or 2 tons of wheat = 1,5
Answer:
$475,000
Explanation:
The amount should be reported as unearned service contract revenues in Ryan's December 31, Year 1, and balance sheet will be the amount that has not expired in year 1 or outstanding service contracts that will expire in year 2 to year 4. Therefore,
Year 2 + Year 3 + Year 4 = $150,000 + 225,000 + 100,000 = $475,000 should be reported as unearned service contract revenues.
Answer:
Rare
Explanation:
VRIO Analysis is an analytical technique for the evaluation of company's resources and thus the competitive advantage. VRIO comes from the initials of the evaluation dimensions: Value, Rareness, Imitability, Organization.
A resource is rare simply if it is not widely possessed by other competitors. When a firm has valuable resources that are rare in the industry, they are in a position of competitive advantage over firms that do not have the resource.
Answer:
to maximize profit it will produce:
400 units of luxury
none of standard.
Explanation:
luxury:
20 lb of pastic and 9 min of labor and 40 dollars profit
standard:
30lb plastic 6 of labor and $15
We calculate the contribution per constrain resourse:
<u>labor hours</u>
40 / 9 = 4.44
15 / 6 = 2.5
<u>materials</u>
40/20 = 2
15 / 30 = 0.5
As luxury provides better contribution in both categories we will maximize his production.
60 hours x 60 min per hours = 3,600 min
3,600 / 9 min = 400 units of luxury steppers
12,600/20 = 630 units of luxury
Once we use the labor hours we cannot keep producing, so we maximize the profit at 400 units of luxury at the given scenario.
As there is no amounft left for standard we don't produce any
