Business, 22.02.2020 00:54 Senica

Shen and Valerie run a catering business in which they have two major tasks: getting new clients and preparing food for events and parties. It takes Shen 10 hours to prepare the food for an event and 5 hours of effort to get each new client. For Valerie, it takes 12 hours to prepare food for an event and 3 hours to get a new client.
A) In this scenario, has an absolute advantage in food preparation, and has a comparative advantage in food preparation.
Suppose that initially Victor and Crystal are both doing both tasks. Then they decide to start shifting some work according to the principle of comparative advantage. In particular, the person with the comparative advantage in food preparation will take over preparing food for one more event, and the other person will use the freed-up time to get more clients. As a result, the total number of events for which food is prepared will remain unchanged, but the number of new clients will increase by .

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:00

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

Answers: 2

Answer

Business, 22.06.2019 06:30

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication

Answers: 2

Answer

Business, 22.06.2019 22:20

Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.

Answers: 1

Answer

Business, 23.06.2019 03:10

Wisconsin snowmobile corp. is considering a switch to level production. cost efficiencies would occur under level production, and after tax costs would decline by $36,000, but inventory would increase by $300,000. wisconsin snowmobile would have to finance the extra inventory at a cost of 13.5 percent.a. determine the extra cost or savings of switching over to level production. should the company go ahead and switch to level production? b how low would interest rates need to fall before level production would be feasible?

Answers: 1

Answer

You know the right answer?

Shen and Valerie run a catering business in which they have two major tasks: getting new clients and...

Questions