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Consider the following table about the technology of producing cars and TVs, where labor is the only factor of production:
1 Car 1 Tv Country 1 20 labor 5 labor Country 2 50 labor 25 labor
(a) Country 1 has a comparative advantage in :
(b) Country 2 has a comparative advantage in :
(c) Assume that each country has 1000 workers, draw the production possibility frontier of each country? DONT NEED
(d) The trade price:
(e) Assume that the autarky production is when both countries devote half of their labor to produce each good. Now, suppose that country 1 devotes 40% of their labor to produce cars and 60% to produce TVs, while country 2 devotes 75% of their labor to produce cars and 25% to produce TVs, and then they decide to trade such that the number of cars available for consumption in both countries after trade is the same as in autarky. Complete the following table:
Country 1 Country 1 Country 2 Country 2 Car Tv Car Tv Autarky Production & Consumption Trade Production Trade Consumption Gains from Trade.
The company pays for 40% of its purchases in the month of purchase and 60% in the month following purchase. What would be the budgeted cash disbursements for purchases of inventory in December?
jessica company has forecast its sales as follows august 180000 actual september 280000 actual october
the company closes its books regularly on dec 31 but ast theend of 2007 it held its cash book open so that a more
Should you over pay taxes throughout the year and get a refund, knowing the government does not pay interest on the overpayment? Use time value of money to explain.
shawn bates was working to establish a business enterprise with four of his wealthy friends each of the 5 individuals
Which is linked to the text's Web site at academic.cengage.com/accounting/warren. What similarities and differences do you see?
Ontario still had $60,000 of the goods in its inventory at the end of the year. The amount of unrealized intercompany profit which should be eliminated in the consolidation process at the end of 2006 is:
XYZ plc provides engineering and consultancy services tothe oil and gas industry. Over the past few years, they have incurred expenditure of £1m researchingand developing a new product, the "UniSensor" for which they have registered a patent.
The prepaid insurance account had a balance of $2,750 at the beginning of the year. The account was increased for $1,500 for premiums on policies purchased.
The ________ is the discount rate that equates the present value of the cash inflows with the initial investment.a. internal rate of return.b. net present value.c. payback period.d. cost of capital.
assume youre a product manager for a large profit-seeking manufacturing firm.nbspnbspspecifically you manage product
Assuming the equipment was sold at the end of the second year for $200,000; determine the gain or loss on the sale of the equipment.
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