QUESTION 8 Graph of a production possibility frontier for country Z showing cell phones daily production on the y-axis and clothing daily production on the x-axis. Points are as follows A: 0,8 B: 10,6 C: 15,4 D: 18,2 and E: 20,0. Point G is outside of the curve at 15,7 and F is inside the curve at 10,4.

The graph shows that Country Z can the opportunity cost of producing 8 cellphones is 20 clothing. If Country X wants to buy 8 cellphones and pay 30 clothing, what would Country Z do?
a.
Country Z and X are better off by trading with each other (e. g., Country Z is better getting 30 clothing by trade than producing 20 clothing)

b.
All of the above

c.
Gains from trade allow for this voluntary exchange between Country Z and X

d.
Country Z will focus all production to make 8 cellphones (A) and trade them with Country X for 30 clothing, instead of producing domestically 20 clothing (E)

Lipman auto parts, a family-owned auto parts store, began january with $10,300.00 in cash. management forecasts that collections from credit customers will be $11,400.00 in january and $14,800.00 in february. the store is scheduled to receive $5,000.00 in cash on a business note receivable in january. projected cash payments include inventory purchases ($13,000.00 in january and $13,600.00 in february) and operating expenses ($2,700.00 each month). lipman auto parts' bank requires a $10,000.00 minimum balance in the store's checking account. at the end of any month when the account balance dips below $10,000.00, the bank automatically extends credit to the store in multiples of $1,000.00. lipman auto parts borrows as little as possible and pays back loans in quarterly installments of $2,000.00, plus 4 percent interest on the entire unpaid principal. the first payment occurs three months after the loan.