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MatroZZZ [7]
2 years ago
6

Poland requires 4 hours of labor to produce 1 ton of coal and 1 hour of labor to produce a bushel of wheat. The Czech Republic r

equires 6 hours of labor to produce 1 ton of coal and 1 hour of labor to produce a bushel of wheat. Suppose that Poland has 1,000 hours of labor and that it completely specializes according to its comparative advantage. How many units of which product will it produce?
Business
1 answer:
natima [27]2 years ago
5 0

Answer:

Poland has comparative advantage in producing coal , so they will produce 250 tons of coal.

Explanation:

Here for understanding which product should Poland specialize in according to its comparative advantage depends up on the opportunity cost for producing for 1 ton coal . According to the question both Poland and Czech republic can produce a bushel of wheat in 1 hour but the difference comes in the production of coal where Poland takes 4 hour to make 1 ton of coal and Czech republic takes 6 hours to make 1 ton of coal, so from this statement we can take out what is the opportunity cost for producing 1 ton of coal for both countries.

FOR POLAND

Opportunity cost of producing 1 ton of coal = 4 bushes

FOR CZECH REPUBLIC

Opportunity cost of producing 1 ton of coal = 6 bushes

So it is clear that for Poland the opportunity cost for producing 1 ton of coal is less, so they should specialize in producing coal and in 1000 hours they can produce 250 tons of coal.

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Muir Manufacturing produces two popular grades of commercial carpeting among its many other products. In the coming production p
Rufina [12.5K]

Answer:

With 16 Grade X and 54 Grade Y the company maximize their profit at 11,840 dollars

Explanation:

We set up the scenario in Excel and use SOLVER tool:

X = 50 synthetic + 25 labor + 20 foam

Y = 40 synthetic + 28 labor + 15 foam

Profit:

X = 200

Y = 160

Constraing:

synthetics <= 3,000

foam <= 1,500

Grade X and Grade Y are integer.

goal: maximize profit

16 of Grade X

and 54 of grade Y

16 x 50 = 800

16 x 30  = 540

54 x 40  = 2,160

54 x 15  =    810

Profit:

16 x 200 + 54 x 160 = 11840

4 0
2 years ago
Initiating structure describes the following leadership behavior:
Julli [10]

Answer:

The correct answer is A. A leader who is task-oriented and directs subordinates' work .

Explanation:

The starting structure: Refers to the measure by which the leader can define and structure his role and those of his subordinates, in the pursuit of goal achievement. It includes behavior that tries to organize work, work relationships, and goals.

Extensive research, based on these definitions, shows that leaders with high rates of starting structure and consideration (a "high - high" leader) tend to achieve high performance and subordinate satisfaction, more often than those who rate low either in consideration, starting structure or in both dimensions. It does not always result in positive consequences to high rates of truancy and turnover, as well as low levels of job satisfaction for workers performing routine tasks. In conclusion, the Ohio State studies emerged that "high - high style" generally produced positive results.

8 0
2 years ago
Humble leaders display all of the following key qualities valued by employees except Multiple Choice appreciation of others. low
melomori [17]

The correct answer is B) low self-awareness.

Humble leaders display all of the following key qualities valued by employees except low self-awareness.

What employees value is high self-awareness, the appreciation of others, openness to feedback, appreciation of the greater good, and low self-focus.

A true leader is an individual who not only leads but teaches others how to lead to. For this to happen, trust is a key value so the employees can feel that indeed there is a true team atmosphere in the organization. Employees must feel appreciated, valued, and motivated through a common goal. That is why it is so important that the leader sets the example all the time.

5 0
2 years ago
Jim and Jane purchased their house a year ago and have been transferred out of town. They paid $275,000 for the property and end
amid [387]

Answer:

18%

Explanation:

Original cost: $275,000

Selling price: $225,000

Loss: $50,000

50,000/275,000=0.18

0.18x100=18%

:)

4 0
2 years ago
The Oxford Heating Company has been very successful in the past four years. Over these years, it paid common stock dividend of $
kenny6666 [7]

Answer:

The correct answer is 5%.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the growth rate by using following formula:

Growth rate = (Dividend of 3rd year ÷ Dividend of 1st year)^1/2 -1

By putting the value in the formula, we get

Growth rate = ($4.41 ÷ $4 )^1/2 - 1

= ( $0.41)^1/2 -1

= 0.05 or 5%

3 0
2 years ago
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