The following hypothetical production possibilities tables are for china and the united states. assume that before specialization and trade the optimal product mix for china is alternative b and for the united states is alternative u.
china production possibilities
product a b c d e f
apparel 30,000 24,000 18,000 12,000 6,000 0
chemicals (in tons) 0 6 12 18 24 30
u. s. production possibilities
product r s t u v w
apparel 10,000 8,000 6,000 4, 2,000 0
chemicals (in tons) 0 4 8 12 16 20
instructions: enter your answers as whole numbers.
(a) are comparative-cost conditions such that the two countries should specialize?
if so, what product should each produce?
(b) what is the total gain in apparel and chemical output that would result from such specialization?
apparel: units.
chemicals: tons.
(c) what are the limits of the terms of trade?
units of apparel for 1 ton of chemicals and units of apparel for 2 tons of chemicals.
(d) suppose that the actual terms of trade are 1 unit of apparel for 1½ units of chemicals and that 4,000 units of apparel are exchanged for 6 units of chemicals. what are the gains from specialization and trade for each nation?
the united states or china has a gain of units of apparel.
the united states or china has a gain of tons of chemicals.

Consider the following limit order book for a share of stock. the last trade in the stock occurred at a price of $50. limit buy orders limit sell orders price shares price shares $49.75 500 $49.80 100 49.70 900 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 a. if a market buy order for 100 shares comes in, at what price will it be filled? (round your answer to 2 decimal places.) b. at what price would the next market buy order be filled? (round your answer to 2 decimal places.) c. if you were a security dealer, would you want to increase or decrease your inventory of this stock? increase decrease

Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100