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mrs_skeptik [129]
1 year ago
4

Initially, the number of tools per worker was higher in Blahnik than in Gribinez. From 2022 to 2062, capital per worker rises by

4 units in each country. The 4-unit change in capital per worker causes productivity in Blahnik to rise by asmaller amount than productivity in Gribinez. This illustrates the ______ effect.
Business
1 answer:
qwelly [4]1 year ago
3 0

Answer:

Catch up effect

Explanation:

Catch up effect or convergence effect states that when equal resources are allocated to a poor and rich economy the poor economy tends to grow faster than the rich country.

Consider this instance where the number of tools per worker was higher in Blahnik than in Gribinez. So Blahnik was richer.

Capital per worker rose by 4 units in each country, and resulted in smaller increase in productivity in Blahnik compared to Gribinez (that is the poorer country Gribinez was growing faster).

This can be related to the law of diminishing returns where additional units of input will result in lower increase in productivity as production progresses.

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Okay so, I'm doing Financial Literacy and I understand nothing. I would really appreciate any help.
Helen [10]

Answer:

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7 0
1 year ago
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On a survey of how students spend their time, one question asks, "Which of the following best describes your employment status?"
lesya692 [45]

Answer:

1. Mutual exclusivity

Explanation:

This researcher did not address the aspect of mutual exclusivity well enough as evidenced in options c and d in the coding above.

This is because option d says full time students. Option d is not mutually exclusive as a student can be a full time student and work part-time, and one can be a full time student and also be unemployed or employed full time

6 0
1 year ago
Cornwell Products has adopted an ABC costing system to allocate its overhead costs. The following manufacturing activities and c
brilliants [131]

Answer:

$240

Explanation:

The computation of the overhead would be allocated to Job​ #804 for the quality control​ activity is shown below:

= Estimated overhead cost of Quality control ÷ Estimated amount of allocation base

= $320,000 ÷ $4,000 test runs

= $80

Now there are  3 quality control test runs

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6 0
1 year ago
The before tax cost of debt for a firm which has a marginal tax rate of 30% is 12%. Therefore the cost of debt that should be us
Ede4ka [16]

Answer:

Option C is correct answer

Explanation:

We have the following details:

Cost of Debt (Kd) = 12%

Tax Rate = 30%

Cost of debt for discounting Capital Project is Post Tax Cost of debt

The reason of this is that the Interest paid on debt is eligible for tax deduction, Hence Post Tax cost of debt will be used for discounting the project cashflows

Discount rate = Cost of Debt * ( 1 - Tax rate )

= 12% * (1 - 0.30)

= 12% * (0.70)

= 8.4%  is the cost of debt that should be used in calculating the cost of capital for capital budgeting purposes.

4 0
1 year ago
A bank statement shows a balance of $8,695 at June 30. The bank reconciliation is prepared and includes outstanding checks of $2
chubhunter [2.5K]

Answer:

The adjusted cash balance at June 30 is $7,980

Explanation:

In order to calculate the adjusted cash balance at June 30 we would have to make the following calculation:

adjusted cash balance at June 30=Balance as per Bank Statement+Deposit in transit-Outstanding checks+bank Service charge-returned paid check no.900

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adjusted cash balance at June 30=$7,980

The adjusted cash balance at June 30 is $7,980

6 0
1 year ago
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