Suppose we have a 2-person world, with only stephen and his friend lebron. suppose that stephen can move 48 boxes or bake 24 cookies in an hour. suppose that lebron could move 36 boxes or bake 9 cookies in an hour. is trade possible? choose one:
a. no, trade isn't possible, because lebron has an absolute advantage in both making cookies and moving boxes.
b. yes, trade is possible. stephen should make cookies while lebron moves boxes, because stephen has a comparative advantage in making cookies and lebron has a comparative advantage in moving boxes.
c. no, trade isn't possible, because stephen has an absolute advantage in both making cookies and moving boxes.
d. yes, trade is possible. stephen should move boxes while lebron makes cookies, because stephen has a comparative advantage in moving boxes, whereas lebron has a comparative advantage in making cookies.

Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58