subject
Business, 25.10.2019 22:43 miyahhh123

Pat and kris are roommates. they spend most of their time studying (of course), but they leave some time for their favorite activities: making pizza and brewing root beer. pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. kris takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza. a. what is each roommate’s opportunity cost of making a pizza? who has the absolute advantage in making pizza? who has the comparative advantage in making pizza? b. if pat and kris trade foods with each other, who will trade away pizza in exchange for root beer? c. the price of pizza can be expressed in terms of gallons of root beer. what is the highest price at which pizza can be traded that would make both roommates better off? what is the lowest price? explain.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:50
Seattle bank’s start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branch is $96,000 per year. the three tellers combined can process up to 90,000 customer transactions per year. if a branch does not attain a volume of at least 60,000 transactions during its first year of operations, it is closed. if the demand for services exceeds 90,000 transactions, an additional teller is hired and the branch is transferred from the start-up division to regular operations. required what is the relevant range of activity for new branch banks
Answers: 2
question
Business, 22.06.2019 07:40
Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z
Answers: 3
question
Business, 22.06.2019 10:50
Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?
Answers: 2
question
Business, 22.06.2019 11:00
Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.
Answers: 1
You know the right answer?
Pat and kris are roommates. they spend most of their time studying (of course), but they leave some...
Questions
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
English, 17.09.2020 15:01
question
English, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Biology, 17.09.2020 15:01
question
History, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
question
Mathematics, 17.09.2020 15:01
Questions on the website: 13722367