Suppose that each worker in Belgium can produce either 20 units of food per hour or 80 units of machinery per hour. At the same time, workers in France can produce either 15 units of food per hour or 30 units of machinery per hour. a. Explain which country has an absolute advantage in the production of food. Explain which country has an absolute advantage in the production of machinery

Uppose stanley's office supply purchases 50,000 boxes of pens every year. ordering costs are $100 per order and carrying costs are $0.40 per box. moreover, management has determined that the eoq is 5,000 boxes. the vendor now offers a quantity discount of $0.20 per box if the company buys pens in order sizes of 10,000 boxes. determine the before-tax benefit or loss of accepting the quantity discount. (assume the carrying cost remains at $0.40 per box whether or not the discount is taken.)

Amanda works as an industrial designer

Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.