Business, 19.02.2020 06:02 jonmorton159
Suppose that Italy and Germany both produce beer and stained glass. Italy's opportunity cost of producing a pane of stained glass is 5 barrels of beer while Germany's opportunity cost of producing a pane of stained glass is 11 barrels of beer. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that the production of stained glass and has a comparative advantage in the production of beer. has a comparative advantage in Suppose that Italy and Germany consider trading stained glass and beer with each other. Italy can gain from specialization and trade as long as it receives more than of beer for each pane of stained glass it exports to Germany. Similarly, Germany can gain from trade as long as it receives more than of stained glass for each barrel of beer it exports to Italy. Based on your answer to the last question, which of the following prices of trade (that is, price of stained glass in terms of beer) would allow both Germany and Italy to gain from trade?a) 1 barrel of beer per pane of stained glass b) 10 barrels of beer per pane of stained glass c) 2 barrels of beer per pane of stained glass d) 17 barrels of beer per pane of stained glass
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Business, 22.06.2019 15:00
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Business, 22.06.2019 15:20
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
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Business, 22.06.2019 20:00
Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49
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Business, 22.06.2019 21:30
Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?
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Suppose that Italy and Germany both produce beer and stained glass. Italy's opportunity cost of prod...
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