Suppose we have a 2-person world, with only stephen and his friend lebron. suppose that stephen can move 70 boxes or bake
28 cookies in an hour. suppose that lebron could move 36 boxes or bake 9 cookies in an hour. is trade possible?

choose one:

a. no, trade isn't possible, because lebron has an absolute advantage in both making cookies and moving boxes.

b. yes, trade is possible. stephen should make cookies while lebron moves boxes, because stephen has a
comparative advantage in making cookies and lebron has a comparative advantage in moving boxes.

c. yes, trade is possible. stephen should move boxes while lebron makes cookies, because stephen has a
comparative advantage in moving boxes, whereas lebron has a comparative advantage in making cookies.

d. no, trade isn't possible, because stephen has an absolute advantage in both making cookies and moving
boxes.

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.

Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?

Sally has a high-paying management position with a fortune 500 company, but she is tired of working for corporate america. so sally has decided to start a business, and she knows she will be successful as an entrepreneur because entrepreneurs typically