-Whenever countries have different opportunity costs in production they can benefit from specialization and trade.
-Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors.
Answer:
Revenue from investment = 229,400
Explanation:
Given:
Purchased shares = 37,000
Value per share = $52
Sherman Corporation total shares = 100,000
Cash dividends = $162000
Net income = $620000
Find:
Revenue from investment = ?
Computation:
Revenue from investment = Net income (Purchased shares / Sherman Corporation total shares)
Revenue from investment = $620000 (37,000 / 100,000)
Revenue from investment = 229,400
Answer:
$88,150
Explanation:
DINK method for insurance sums one half of all the debt plus funeral expenses. Thus,
Using DINK method
One half of mortgage, 140,000 = 70000
One half of car loan, 14000 = 7000
One half of personal debts, 4800 = 2400
One half of credit card loans, 3500 = 1750
Funeral expenses = 7000
Thus
Total insurance needed =
70000 + 7000 +2400 + 1750 + 7000
= $88,150
Note that, when using DINK method, what the spouse earn isn't used in calculating total insurance.
Answer:
c. Hal’s lost wages at Burger Haven
Explanation:
The opportunity cost is the cost of the best alternaive rejected to perform the current project.
We must calculate the opportunity cost for each factor when needed. The most common example, if someone is using a place for a personnal project, the opportuniy cost will be the sum of:
The rent factor, the proceeds it could receive from the space
The labor factor, the salary it could recieve if it is working on a different project.
In this case, Hal only is resining to labor factor, so the opportunity cost for collegue is the lost wages at burger haven
