Include your phone number and email address in the first paragraph of your cover letter or in the closing lines below your name and signature
Indicate whether the statement is true or false
False
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An economy has 100 households. The ten rich households each have incomes of $50,000 in period 1 and $75,000 in period 2. The ninety poor households each have incomes of $20,000 in period 1 and $25,000 in period 2. Assume that the price of the good is $1 in both periods. Also assume that the households borrow from each other. Suppose that each household decides that its consumption in period 1 will equal 50 percent of the present value of its income from both periods. The equilibrium real interest rate is about
A. 20 percent. B. 30 percent. C. 40 percent. D. 50 percent.
Market diversification shifts the company's focus to unrelated industries
Indicate whether the statement is true or false
The information that follows was obtained from the accounting records of Portofino Manufacturing during a period when the company sold 100,000 units.Sales revenue$8,800,000Variable costs2,400,000Fixed costs6,016,000Required: A. Compute the company's per-unit contribution margin and break-even point in units.B. How many units must Portofino sell to produce a target profit of $550,400?C. Assume that Portofino was able to reduce the variable cost per unit by $4. What selling price could management charge if it desired to maintain the current break-even point?D. Depreciation charges of $640,000 are included in the firm's fixed costs of $6,016,000. If these charges were to increase by 10%, what effect, if any, would this cost increase have on the company's contribution margin?
What will be an ideal response?
What does it mean for a country to have an absolute advantage? Compare that to having a comparative advantage.
What will be an ideal response?