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In one hour, John can prepare 2 income tax returns or 4 financial statements. In one hour, Frank can prepare 1 income tax return or 3 financial statements. Frank and John currently work separately, and they are deciding whether to continue working alone or to work together. If they continue working separately, each of them must continue to produce both tax returns and financial statements. In this example, the value of one tax return and one financial statement is the same. Based on the above information on comparative advantage:A. Frank should specialize in preparing financial statements in a joint effort.B. Frank should specialize in preparing tax returns in a joint effort.C. John should work alone, preparing both tax returns and financial statements.D. There is not enough information to know whether they should work alone or combine their efforts.
“Comparative advantage will benefit all people because everyone has a comparative advantage in something. Therefore, trade based on comparative advantage should be facilitated without undue government intervention”
are socially responsible companies economically successful? in other words does it pay to be socially be responsible?
the demand curve for a product is given by qxd 1200 - 3px - 0.1pz where pz 300. what is the cross-price elasticity of
find demand curves for x and y using the following utility functions all demand curves should be functions of income
What is kenyas factor of production for their land and labor. which means what percentage do they use their land for what.
Nu Things, Inc., is considering investing in a business venture with the following anticipated cash flow results: EOY Cash Flow. Determine the investment’s worth
for the statement below you are to write two answers. one answer should agree with the statement the other should
Welcome to Accenture, we are happy to have you join our public sector consulting arm. The Senate Banking Committee is considering a limit placed on what automated teller machine (ATM) owners can charge in terms of usage fees. Currently, the n..
1. aspen inc. is a manufacturer and distributor of digital recording decks for commercial recording studios. revenue
1. a special interest group cannot impose its will on the majority because the perceived costs and benefits from
One of the partners favors moving downtown because she believes the additional business gained by moving downtown will exceed the higher rent at th downtown loaction plus the cost of making the move. THe other parnter at the PBS opposes the moves.
A lawyer who drives a beat-up car and wears frumpy dresses may have a hard time getting customers. Potential clients may conclude from his appearance that he is poor, and if he is poor, he probably is not very good.
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