Business, 09.04.2020 02:26 vontaeofficial5176
Raven and Drew produce baseballs and golf balls. Raven can produce six baseballs per hour or four golf balls per hour. Drew can produce three baseballs per hour or one golf ball per hour.
Based on the scenario, Raven hasA. a comparative advantage in producing both goods. B. a comparative advantage in producing golf balls, but not baseballs. C. a comparative advantage in producing neither good. D. no absolute advantage. E. a comparative advantage in producing baseballs, but not golf balls.
Answers: 2
Business, 22.06.2019 19:40
Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.
Answers: 3
Business, 22.06.2019 22:20
As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.
Answers: 2
Business, 23.06.2019 20:00
What could explain why a decrease in taxes could lead to a less-than-proportionate increase in output? a. as a result of diminishing returns to current consumption, consumers may choose to spread the extra spending over the long term rather than consuming the proceeds of a tax cut all at once. b. consumers may choose to save much of the tax cut in anticipation of having to pay higher taxes in the future. c. a decrease in taxes will necessitate lower government outlays, thus largely offsetting the higher consumption expenditures of households. d. all of the above. e. a and b only.
Answers: 3
Business, 23.06.2019 21:30
Involves a strategic effort by firms to supply customers with environmentally friendly, sustainable merchandise and services. greenwashing eco-marketing greener advertising eco-selling green marketing
Answers: 1
Raven and Drew produce baseballs and golf balls. Raven can produce six baseballs per hour or four go...
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