The nations of Appleland and Orangeland produce apples and oranges. In Appleland, there are 100,000 hours of labor available in a month, and it takes 2 hours of labor to produce a barrel of apples, and 4 hours of labor to produce a crate of oranges.
In Orangeland, there are 200,000 hours of labor available in a month, and it takes 4 hours of labor to produce a barrel of apples and 1 hour of labor to produce a crate of oranges.
1. Which country has an absolute advantage in each good?
2. What is the opportunity cost of a crate of oranges in Orangeland?
3. What is the opportunity cost of a crate of oranges in Appleland?
4. Which country has a comparative advantage in each good?

Match the vocabulary word to the correct definition. 1. human resources department 2. job description 3. ethics 4. labor relations 5. occupational safety & health administration a. a detailed list of the functions and requirements for a position b. the exchange between the employer and employee c. principles that define appropriate conduct d. the government agency responsible for monitoring safety in the workplace e. the division of a business responsible for hiring, managing,maintaining, and firing the workforce

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)

E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability