Tom can solve 10 math problems or write 2 short stories in an hour. susan can solve 15 math problems or write 2 short stories in an hour. assuming each person produces correct math solutions and stories of equally quality, answer the questions below. make sure to explain your reasoning.
a. explain who has an absolute advantage and in what product?
b. explain whether or not there is any basis for trade between tom and susan? who should produce what?
c. explain how can susan gain anything in trading with tom?

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)