Both microville and macroville have an equal amount of resources and the same access to production technology. the chart below shows each country's production possibilities curve for producing boats and cars. (a) which country has the absolute advantage producing cars? explain how you determined your answer. (b) what is the opportunity cost if macroville decides to use all of its resources and produce 20 boats? (c) which country has the comparative advantage in producing cars? explain how you determined your answer. (d) if each country were to specialize in producing either cars or boats and then trade for the other product, which good would each make respectively? explain how you determined your answer.
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Business, 21.06.2019 20:30
Which organization was established to train the hard-core unemployed? - better business bureau- equal employment opportunity commission- environmental protection agency- affirmative action committee- national alliance of business
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Business, 22.06.2019 02:50
Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?
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Business, 22.06.2019 06:00
Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.
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Business, 22.06.2019 12:40
Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?
Answers: 1
Both microville and macroville have an equal amount of resources and the same access to production t...
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