Suppose there are only two goods produced in an economy: phones and meals. maria is adept at assembling electronics but has poor skills at preparing food. mike is an accomplished chef but is not very skilled at assembling electronics.
currently mike and maria each work independently, and they each produce both meals and phones. however, they are considering trading some of their respective output with each other, but only if that would allow each person to become more propserous.
which statement is not true?
o mike should produce more food and fewer phones, and maria should produce more phones and fewer meals.
o customers will gain if mike and maria decide to specialize in what they do best and trade their output.
o mike and maria would gain by using their time making only the one good that they are best at producing.
o mike and maria will both gain only if they trade the same number of phones for the same number of meals.

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions

Weekly sales at nancy's restaurant total $ 84,000. labor required is 420 hours at a cost of $21,000. raw materials used amount to $40,000. what is the partial measure of productivity for labor hours?