An economy has two workers, Anne and Bill. Per day of work, Anne can pick 100 apples or 25 bananas, and Bill can pick 50 apples or 50 bananas. Anne and Bill each work 200 days per year. a. Anne's opportunity cost of picking one more apple is ___ banana
Bill's opportunity cost of picking one more apple is __ banana
___ has a comparative advantage in apple picking ___ has an absolute advantage in apple picking b. Assuming that only one fruit is picked in this economy, then the maximum number of each type of fruit that can be picked annually is either ___ apples or ___ bananas. c. If each worker fully specializes according to his or her comparative advantage, the maximum number of apples that can be picked annually is ___ , and the maximum number of bananas is ___ .
Answers
a. Anne's opportunity cost of picking one more apple is 0.25 banana (25 bananas / 100 apples = 0.25 banana/apple).
Bill's opportunity cost of picking one more apple is 1 banana (50 bananas / 50 apples = 1 banana/apple).
Anne has a comparative advantage in apple picking.
Bill has an absolute advantage in apple picking.
b. Assuming that only one fruit is picked in this economy, then the maximum number of each type of fruit that can be picked annually is:
Anne: 100 apples/day * 200 days/year = 20,000 apples
Bill: 50 bananas/day * 200 days/year = 10,000 bananas
c. If each worker fully specializes according to his or her comparative advantage in this economy:
Anne would pick only apples, so the maximum number of apples that can be picked annually is 20,000.
Bill would pick only bananas, so the maximum number of bananas that can be picked annually is 10,000.
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Related Questions
A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
Answers
A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
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Susan invested $50,000 and Bill invested $150,000. Why did Susan have a higher balance at the age of 65?
Answers
The reason Susan had a higher balance at the age of 65 is because she invested earlier than Bill.
What is an Investment?An investment refers to an act of dedicating an asset for the hope of attaining an increase in value over a period of time.
In this case, even with lower investment value, Susan will be able to have higher balance because she invested for longer period than Bills.
In conclusion, Susan had a higher balance at the age of 65 is because she invested earlier than Bill.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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The appearance of mobile apps that track consumers' exercise, calorie intake, and sleep cycles are the result of ______. multiple choice question.
Answers
The appearance of mobile apps that track consumers' exercise, calorie intake, and sleep cycles are the result of advancements in technology and increased consumer demand for health and wellness monitoring.
The emergence of mobile apps that monitor exercise, calorie intake, and sleep cycles can be attributed to several factors. Firstly, advancements in technology, particularly in smartphones and wearable devices, have enabled the development of sophisticated apps capable of tracking and analyzing various health metrics. Secondly, there has been a growing interest among consumers in monitoring and improving their health and wellness.
These apps provide individuals with convenient tools to track their daily activities, set goals, and make informed decisions about their lifestyle. The combination of technological advancements and increased consumer demand has driven the creation and popularity of these health-tracking mobile apps.
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--The complete question is, The appearance of mobile apps that track consumers' exercise, calorie intake, and sleep cycles are the result of ____________.--
Which of these is the per-hour labor productivity of a factory that can produce 1,500 mops in 90 minutes?
A.900
B.150
C.1,000
D.500
Answers
notice the question says 90 minutes, so an hour is 60 minutes. half of 1000 is 500, and half of 60 is 30.
a service mark distinguishes products used by those in public service. group of answer choices true false
Answers
A service mark distinguishes products used by people in public service is false.
Service mark is a brand name or logos that identifies a service provider. Service mark may containt a word, symbol, or design and protected by intellectual property law. Service mark allows customers to identify and differentiate a business from others. Service marks prevents consumers for being confused because competing business using ambiguous and similar names and insignias.
Service mark works similarly with trademark, but trademark is more commonly used to identify the source of goods. Service mark may come in forms of SM or R symbol. SM symbol is usually used when a company is prior to registrating its service to the patent and trademark office. After a company registered its service, it may use R symbol.
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How much of the total did Raul contribute himself
Answers
1. The total balance in the account after 40 years would be $192,520.
What is balance?Balance is a fundamental concept in a wide range of disciplines, including physics, biology, finance, and psychology. It refers to the ability to maintain equilibrium or stability, and the ability to adapt and adjust when faced with external challenges. Balance is achieved by creating internal stability and harmony, and by avoiding extremes and unnecessary risks. In physical terms, balance is achieved when the forces acting on a system are equal and opposite.
2. Raul contributed $120,000 himself.
3. Raul made $92,520 through compound interest in the savings account.
4. Raul could have increased the total amount of money he made over the 40 years by investing his money instead of keeping it in a savings account. Investing has the potential to earn higher returns than a savings account and has the potential to increase the total amount of money made over the 40 years.
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Complete Question:
Raul Raul is a saver. He sets aside $100 per month during his career of 40 years to prepare for retirement. He does not like the idea of investing because he prefers to minimize his risk as much as possible, so he puts his money in a savings account which earns 1.596 interest per year 1. What is the total balance in 2. How much of the total did 3. How much money did Raul the account after 40 years? Raul contribute himself? make through compound interest in this savings account? N 4. Identify one way Raul could have increased the total amount of money he made over the 40 years. Explain your reasoning.
ong answer: right here right now, inc. sells streaming media subscriptionsthe company has grown alot recently and has noticed that it has been getting a larger number of complaints about customer service right here right now arranged for its customer service employees to recieve training on best practices and telephone customer service they have hired you to thoroughly evaluate the training you to arrange a meeting to go over your plans with customer service manager below create a brief meeting agenda including objectives discussion topics each with a estimated amount of time alotted to it and propose next steps your discussion topics should include brief descripters of the areas you plan to evaluate and soon those evaluations should take place include all four levels of evaluation discussed
Answers
Answer:
well i first would welcome everyone and thank you for coming
1. Training what is going well and what needs to change
2.Meeting ask anyone what they think that might help
3.Due times if any work that you assigned tell them if there is a due date
4.Plans to evaluate when the next meeting should be held
Explanation:
Which of the following is not one of the guiding questions to creating a Strategic Business Plan?
O "For whom do we do it?"
O "What do we do?"
O "What do we want?"
O "What are our strengths and weaknesses?"
Answers
what is an auditor's responsibility for supplementary information, such as segment information, which is outside the basic financial statements, but required by the fasb?
Answers
The auditor's responsibility is that he should apply certain limited procedures to the required supplementary information, and add an other-matter paragraph to the financial statement audit report.
What is a financial statement?A financial statement is a written record that conveys the business activities and the financial performance of a company. To ensure accuracy and for tax, financing, or investing purposes financial statements are often audited by government agencies, accountants, firms, etc.
Financial statements for-profit primarily include the balance sheet, income statement, statement of cash flow, and statement of changes in equity.
Nonprofit entities use a similar but different set of financial statements.
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regan grows flowers and makes ceramic vases. jayson also grows flowers and makes ceramic vases, but regan is better at producing both goods. in this case, trade could
Answers
In this case, trade could be facilitated through barter, an exchange of goods or services without the use of money. Regan could offer to give Jayson some of his flowers and vases in exchange for some of Jayson's flowers and vases.
What do you mean by barter?
Barter is the process of exchanging goods and services between two or more parties without using money to settle the transaction. In barter, one party offers a good or service, and the other offers a good or service in return. Barter is an ancient form of trade, and one of the oldest means of exchanging goods and services. It is also a form of trade that is still used today in many parts of the world. Barter allows individuals or businesses to obtain goods and services without the need for money, and it can provide an alternate means of exchange when traditional methods of payment are not available.
This type of trade is especially common in rural areas and can help both parties to get what they need without the need for money.
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State two advantages of advertising in a newspaper compared to radio advertising.
Answers
Answer:
Radio advertising is come and gone once it plays so people can miss it.
Newspaper advertising is cheaper.
Explanation:
Linda, the listing broker, is planning to forward her commission claim to the closing agent for a commercial property. the owner refuses to pay commission. the property has a value of $1,000,000 and linda's commission is 7% of it. the owner had taken out $1,125,000 in mortgages on the property. can linda recover her commission?
Answers
Linda can still recover her commission because, the property value is $1,000,000 of which her commission is 7% or $70,000. The amount that is left after the property is mortgaged is enough for Linda's commission.
What is commission?It is a payment made to a representative or employee for carrying out a task or rendering a service. A portion of the money collected from the total amount paid to the agent in charge of the business makes up the majority of it. For each automobile he sells, he receives a commission.
Value of the property = $1,000,000
Amount of Linda's commission = $1,000,000× 7% = $70,000
Amount taken out for mortgage = $1,125,000
Amount left = $1,125,000- $1,000,000 = $125,000
Therefore, Linda can recover her commission.
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which factor has helped increase the share of women in the paid labor force over the course of the last century?
Answers
Over the past century, an increasing divorce rate has contributed to a rise in the proportion of women in the paid labor market.
How has the divorce rate changed over the past century?The chart demonstrates how divorce rates increased considerably across a number of countries between the 1970s and 1990s. In the United States, the divorce rate increased more than twofold, from 2.2 per 1,000 in 1960 to about 5 per 1,000 in the 1980s.
Do divorce rates today differ from earlier times?The divorce rate has increased significantly since 1960. Since 1990, however, there has been a decline in divorce statistics. This means that patterns of marriage and cohabitation, as well as divorce rates, are drastically changing over time.
What, if anything, has most likely contributed to the growth in divorce during the past century?The biggest contributing factor to the growth in divorce rates over the past 100 years may be the growing social acceptability of divorce. The likelihood of being divorced again is higher for people who have once been married.
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Because of asymmetric information, most used cars that are offered for sale will be sold for prices that are greater than their true value. Because of this fact, the used car market falls victim to
Answers
The situation that the used car market falls to as a victim in this case is known as adverse selection.
What is an adverse selection?An adverse selection is a situation where a sellers have information that buyers do not have or where the buyer have an information that the seller do not have about some aspect of product quality
In conclusion, the situation that the used car market falls to as a victim in this case is known as adverse selection.
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Economic growth has improved the lives of many around the world,
but often with the result of resource depleting and environmental
degradation. true or false
Answers
True. Economic growth has indeed improved the lives of many people around the world, leading to increased standards of living, poverty reduction, and technological advancements.
However, it has also resulted in resource depletion and environmental degradation. The pursuit of economic growth often leads to increased consumption of natural resources, pollution, deforestation, habitat destruction , and climate change, which can have negative impacts on ecosystems and human well-being in the long run. Balancing economic growth with sustainable practices and environmental conservation is a crucial challenge for societies worldwide.
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When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?
Answers
Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.
one problem with the use of the polygraph to detect lying is that the test
Answers
Answer:
the person may be nervous, causing the test to be invalid
why is the quality of standards/services of products usually low for a domestic business?
Answers
Answer:
Domestic Business requires comparatively less capital investment as compared to international business. Domestic Business has few restrictions, as it is subject to rules, law taxation of a single country. As against this, international business is subject to rules, law taxation, tariff and quotas of many countries and therefore, it has to face many restrictions which are barriers in the international business. The nature of customers of a domestic business is more or less same.
Explanation:
Hope it helps you
How do I reboot my email program?
Answers
To reboot the email programs open options, select apps, From the list, choose the Calendar and Mail app. Select the link for advanced options. Link to the app's advanced options.
Select "Reset" from the menu. Reset the Windows 10 Mail app. To confirm, click the Reset button once more.
Why doesn't email work anymore?Email may stop working for a variety of reasons, including incorrect email passwords and settings. However, checking for any error messages on your end is the first step in determining the problem with your email.
What is the name of an email program?A computer program that is used to access and manage a user's email is known as an email client, email reader, or, more commonly, a message user agent (MUA) or mail user agent.
What does the email program do?The internet-based exchange of computer-stored messages between one user and one or more recipients is known as electronic mail. Emails are a quick, low-cost, and easy way to communicate for personal or business purposes.
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PLEASE HELP ME ANSWER EACH QUESTION! IM GIVING ALL MY POINTS!
BRAINLIEST!
1.) For every problem-solving activity, it’s crucial that no less than five alternatives be considered.
True
False
2.)Clarifying the issues of a problem is the _____ step in the problem-solving process.
first
seventh
sixth
second
3.)Recognizing a problem exists and taking actions to resolve it is an example of _____.
compromise
initiative
diplomacy
communication
4.)A(n) _____ is an unbiased third party used to make suggestions to a group that is having difficulty resolving a problem.
mediator
judge
arbitrator
diplomat
5.)Respecting others, valuing their perspective, and being sensitive to their concerns is _____.
a leader
diplomatic
an arbitrator
unbiased
Answers
Answer:
1. True
2. First
3. Initiative
4. Arbitrator
5. Unbiases
Which statement is true for a short-term goal?
A.
It is usually complex.
B.
It usually requires one to exert a lot of effort.
C.
It is usually related to the bigger things that you want to achieve.
D.
It usually takes less than a year to achieve.
Answers
Answer:
I would say D because it sounds more reasonable for me
Factory workers in Russia's 1917 industrial economy embraced the ______ concepts in order to improve their lives. command economy.
Answers
Viewability is the probability that an ad is going to be seen by a user. If its calculated that an impression will be viewable 20% of the time, will the bidder likely be willing to pay 20% of the base bid? For example, $5 base bid x 20% viewability = $1.00 (the actual value of the impression):
Answers
Answer: YES
Explanation:
Viewability allows bidders or advertisement owners to pay only for ads which can be seen by the users. It could be interpreted to be a metric which identifies the proportion or probability that an ad will be visible to the users and only the percentage proportion of visible ads is charged. Just like in the example above.
With a Viewability rate of 20%,
Base bid of $5,
Therefore, the bidder 20% of the base bid of $5
0.2 × $5 = $1, which is the actual value of the impression.
Hammers, screwdrivers, drills, and saws are _____ a construction worker uses.
-tasks
-skills
-tools
-qualifications
Answers
Answer:
are a - tool - construction workers use
Which transaction caused John to overdraw his account?
Answers
By examining the financial figures provided above for John's account, it is clear that check no. 410 for $710.49 was the reason for John's account overdraft. As a result, choice (C) is valid.
What does overdrawing an account mean?A transaction in which the account holder is permitted to take more money than the account's actual balance is referred to as an overdraft from the account. The account balance is negative following a transaction that results in an overdraw.
One can clearly infer from the account statement shown above that an overdraw transaction occurred after Check No. 410 for an amount of $710.49 was drawn since the account's balance was negative for the first time.
Hence, Option (C ) is the accurate one.
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Your question is incomplete, probably the complete question is:
Which transaction caused John to overdraw his account?
(A) The Online Bill Payment of $146.67
(B) Check No. 409 for $100
(C) Check No. 410 for $710.49
(D) The Overdraft Fee of $35
When did banks of deposit first arise?
Answers
Answer:
Around 2000BC
Explanation:
Select two learning styles from the following list. Describe ways in which each of the two learning styles prefer to learn. Bodily/kinesthetic, interpersonal, intrapersonal, logical/mathematical, naturalistic, rhythmic/musical, verbal/linguistic.
Answers
Answer:
interpersonal
positive behaviors used when interacting with others
intrapersonal
relationship with self
Explanation:
I really don't have an explanation sorry
From each paycheck of your afterschool job, you’re able to save $45 toward the coat. You get paid twice a month. How many months will it take you to save enough money to buy your North Face jacket.
Answers
Answer:4
Explanation:The total in 4 months would equal 360
4 months will it take you to save enough money to buy your North Face jacket.
Saving per month based problem;What information do we have?
Amount save per paycheck = $45
Amount of jacket = 350 (Missing data)
Amount save per month = 2 × Amount save per paycheck
Amount save per month = 2 × 45
Amount save per month = $90
Number of months need = 350 / 90
Number of months need = 3.88
Number of months need = 4 months
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What effects did zaha have on guggenheim new york?
Answers
The effects that Zaha had on Guggenheim New York is that her current retrospective at the Solomon R. Guggenheim Museum in New York gives ample evidence of her genius. She has been busy and produced a staggeringly impressive body of work that is without equal for its inventiveness. This saved urban space and merges the elements of its surroundings. It also projects a brand new artificial landscape outweighted by funnel-shaped cones. The Solomon R. Guggenheim Museum, often referred to as The Guggenheim, is an art museum at 1071 Fifth Avenue on the corner of East 89th Street on the Upper East Side of Manhattan in New York City.
Who is Zaha Hadid?Dame Zaha Mohammad Hadid DBE RA was a British-Iraqi architect, artist and designer, recognised as a major figure in architecture of the late 20th and early 21st centuries.
Therefore, the correct answer is as given above
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