The decrease of the inflation leads to an Increase in Unemployment according to Keynesian Phillips curve.
What is Inflation?Inflation refers to the situation which increases the prices of the goods and services in the country. It is due to the shortage in the supply of economy and increased demand.
The Phillips curve depicts the negative trade-off between inflation and unemployment rates. When unemployment is high, inflation is low; when unemployment is low, inflation is high.
Therefore, it can be concluded that Increase in Unemployment is the result of decrease in inflation rates.
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In a customer service center, there are 18 complaints dropped per minute. what is the probability that the number of complaints in the next minute will be not more than 4 and not less than 2?
Poisson value for X =2 ,3, 4 is 2.46726E-06, 1.48035E-05 and 6.66159E-05 respectively.
Let us define a random variable X = number of complaints per minute Then X can be modelled as a Poisson variable with mean m = 18
We require P( 2<= X < = 4 ) =P(X=2)+P(X=3 ).P(X= 4) = 0.0000838867
Siméon Denis Poisson, a French mathematician, gave the Poisson distribution its name to describe how often an event is likely to occur over a period of time of "X". When an interesting variable is a discrete count variable, poisson distributions are used. In a Poisson distribution, e is constant and roughly equal to 2.71828, and represents the distribution's mean.
A discrete probability distribution is a Poisson distribution. It provides the likelihood that an event will occur a specific number of times (k) over a predetermined period of time or space. The mean number of events (lambda), which is the only parameter of the Poisson distribution, must be considered.
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If there is a conflict between a person’s verbal communication and non-verbal communication, people are more likely to believe their non-verbal communication. please select the best answer from the choices provided t f
If there is a conflict between a person's verbal and non-verbal communication, people are more likely to believe their non-verbal communication - TRUE
While verbal communication is essential to achieving success in both interpersonal and professional relationships, non-verbal communication – also known as body language – always speaks louder than words. Often performed automatically rather than intentionally, body language is the use of observable behaviors, attitudes, and habits for nonverbal communication.
When you communicate with other people, you are constantly sending and receiving non-verbal signals, whether you realize it or not. Your posture, tone of voice, amount of eye contact, gestures, and other nonverbal behaviors all convey important messages. They can put people at ease, inspire confidence and draw people to you, or they can irritate and confuse.
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(q011) what might be the reason why gay and lesbian couples spend twice as long doing domestic chores as their heterosexual equivalents?
Same-sex couples see domestic work as legitimizing their households, which makes domestic work a validating activity.
An equal-sex relationship is a romantic or sexual relationship among human beings of equal intercourse. same-intercourse marriage refers back to the institutionalized recognition of such relationships within the form of a wedding; civil unions may exist in international locations wherein identical-sex marriage no longer.
Opposite- or equal-sex popularity refers to whether or not the spouses or companions are of the opposite sex or equal intercourse. A couple own family refers to a family that carries a married or common-law couple.
Same-intercourse marriage, also called homosexual marriage, is the wedding of people of the identical sex or gender.
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How will an increase in the price of dvds affect the demand for dvd players? why?
Increase in the price of DVDs, demand for DVD players decreases.
Call for is the quantity of a great that clients are willing and able to buy at diverse costs during a given time. the relationship among charge and quantity call for is also referred to as the call for curve.
Demand is the amount of purchasers who're inclined and in a position to buy merchandise at diverse fees at some stage in a given time period. call for for any commodity implies the clients' preference to collect the best, the willingness and ability to pay for it.
As instance, if a client is hungry and buys a slice of pizza, the first slice may have the greatest benefit or utility.
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Costs assigned to units of product in absorption costing include ______ manufacturing costs.
Charges assigned to devices of product in absorption costing consist of each variable and fixed manufacturing costs.
Manufacturing is the making of goods by using hand or by way of a system that upon finishing touch the enterprise sells to a client. items used in production may be uncooked materials or issue elements of a bigger product. production typically occurs on a big-scale production line of machinery and professional labor.
The term manufacturing refers to the processing of raw materials or components into completed goods thru the usage of tools, human exertions, equipment, and chemical processing. production allows organizations to sell completed merchandise at a higher value than the fee of the uncooked materials used.
Manufacturing is described because of the advent of the latest products, both from uncooked materials and components. Examples of manufacturing consist of automobile groups, bakeries, shoemakers, and tailors, as all of them create merchandise, in place of offer offerings.
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What is the purpose of each type of job analysis, and how can the three types described in this chapter be combined to produce an overall understanding of work in an organization?
Interviews, observations, and questionnaires are the three job analysis techniques that can be utilized to generate a general picture of the work because they are all sufficient for gathering pertinent data.
OBSERVATION METHOD: As the name suggests, a job analyst watches a specific job and the duties that go along with it.INTERVIEW METHOD: Using this technique, job analysts speak with current employees to get pertinent data.QUESTIONNAIRE METHOD: In this approach, a questionnaire is created in order to gather details about a position.Interviews, observations, and questionnaires are the three types described in this chapter to be combined to produce an overall understanding of work in an organization.
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A retired woman has $140,000 to invest. She has chosen one relatively safe investment fund that has an annual yield of 9% and another riskier fund that has a 13% annual yield. How much should she invest in each fund if she would like to earn $14,000 per year from her investments?.
She needs to invest $1,05,000 and $35,000 in each fund in order to generate $14,000 annually from her assets.
Investing: A purchase made with the hope of making money or seeing your money grow is called an investment. A rise in an asset's value over time is referred to as "appreciation." When someone invests in a thing, they do so with the thought that they will use it to generate income in the future rather than for immediate consumption.
Consider investments 1 and 2, which offer yields of 9% and 13% annually, respectively, and are labelled X and Y, respectively.
X + Y = 1,40,0000.09X + 0.13Y = 14,000
0.09X + 0.13 (1,40,000 - X) = 14000
9X + 13 (1,40,000 - X) = 14,00,000
9X + 18,20,000 - 13X = 14,00,000
- 4X = 14,00,000 - 18,20,000
- 4X = - 4,20,000
X = 1,05,000
Y = 35,000
Why are investments advantageous?
A smart way to manage your finances and perhaps even boost your wealth is through investing. If you make sensible financial decisions, your money may increase in value and outpace inflation. The key causes of investment having a higher growth potential are the power of compounding and the trade-off between risk and reward.
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What+is+the+present+equivalent+of+$+to+be+received+in+years+when+the+interest+rate+is+%?
What is the present equivalent of 18,000 to be received in 15 years when the interest rate is 7% per year?
N periods equal 15 years.
Interest rate I is 7% annually (compounding)
PV (present value) = -6,524.03
FV = + 18,000 in the future
Simple interest is equal to (18000*7*15)/100. = 18900
The maturity sum is therefore 18000 + 18900 = 36900.
PV = ?
N = 15 (periods)
Rate = 7%
FV = 18,000
PV ($6,524.03)
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What are the advantages and disadvantages of changing the company organization from a sole proprietorship to an llc?
The advantage of changing the company organization from a sole proprietorship to an llc include personal liability protection and, tax flexibility while the disadvantage is that it's more tedious than sole proprietorship.
What is a sole proprietorship?A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A sole proprietor may hire staff members and does not always work alone.
The definition of a limited liability company (LLC) is a type of business structure where the owners are referred to as "members" and are partners in a business entity with all the protection of a corporation as well as the option to pass through any business profits and losses to their personal income tax return.
In conclusion, the advantage of changing the company organization from a sole proprietorship to an llc include personal liability protection and, tax flexibility while the disadvantage is that it's more tedious than sole proprietorship.
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Why would current critics of fiat money urge governments to return to a gold standard?
The current critics of fiat money urge governments to return to a gold standard because they fear the government would issue too much money.
What is Fiat money?In a broad sense, fiat money refers to any forms of currency that have been declared legal tender by a government edict or fiat.However, the phrase is typically used to refer to legal tender coins or paper money with face values significantly in excess of their intrinsic worth and that cannot be redeemed for gold or silver. fiat cash.It is often proclaimed to be legal currency by a government edict.Fiat money has occasionally been printed by regional banks and other organisations throughout history. Fiat money is often created in the contemporary period via government legislation.In most cases, fiat money is worthless and has no useful use.It only has value because those who use it as an accounting unit or a means of exchange, in the case of money, concur that it has worth.They have faith that other individuals and businesses will accept it.To know more about fiat money, refer to the following link
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What+is+the+current+value+of+a+$1,000+bond+with+a+9%+annual+coupon+rate+(paid+semi-annually)+that+matures+in+10+years+if+the+appropriate+stated+annual+discount+rate+is+6%.
Present value is the value today of an amount of money in the future. If the appropriate interest rate is 10 percent, then the present value of $100 spent or earned one year from now is $100 divided by 1.10, which is about $91.
Since the bond is a discount bond, its only payment is the repayment of the par value at maturity, i.e., in one year. The current price is $800, so the yield to maturity is calculated as follows: 800 = 1000 / (1 + yield to maturity) 1 + Yield to maturity = 1.25.
Par value, also known as a nominal value, is the face value of a bond or the stock value stated in the corporate charter. The Par value for a bond is usually $1,000 (or to a lesser degree $100), as these are the most common denominations in which they are issued.
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A nut store normally sells cashews for $4. 00 per pound and peanuts for $1. 50 per pound. But at the end of the month the peanuts had not sold well, so, in order to sell pounds of peanuts, the manager decided to mix the pounds of peanuts with some cashews and sell the mixture for per pound. How many pounds of cashews should be mixed with the peanuts to ensure no change in the revenue?.
5 pounds of cashews should be mixed with the peanuts to ensure no change in the revenue for the nut store.
Let x be the number of pounds of cashews
Given,20 pounds of peanuts are sold at a rate of $1.50 per pound
and the mixture is sold at a rate of $2.0 per pound
According to the Question,
[tex]\frac{20*1.5 + 4*x}{x +20}=2[/tex]
[tex]\frac{30+4x}{x+20} =2[/tex]
x=5
Hence, 5 pounds of cashews should be mixed with the peanuts to ensure no change in the revenue
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The question was incomplete. Check below the full question
A nut store normally sells cashews for $4.00 per pound and peanuts for $1.50 per pound. But at the end of the month the peanuts had not sold well, so, in order to sell 20 pounds of peanuts, the manager decided to mix the 20 pounds of peanuts with some cashews and sell the mixture for $2.00 per pound. How many pounds of cashews should be mixed with the peanuts to ensure no change in the profit?
On january 1 2020 concord corporation issued 5200000, 10-year 4ond at 102. interest payable annually on january 1. the journal entry to record this transaction on january 1 2020 is:_________
The journal entry to record the transaction on January 1 2020 :
Cash A/c Dr. 5304000
To Bonds Payable A/c 5200000
To Premium on Bonds Payable A/c 104000
(Being Interest payable annually on the bond issued by Concord Corporation)
The cash is debited in the foregoing journal entry because it increased assets, and the bond payable and premium on bond payable are credited because they increased liabilities.
WORKING NOTES :
Assume that the face value of bonds is $100 per bond, however it is mentioned that it is issued at $102. That means, there is a premium of $2 per bond.
Premium on bonds = $5200000 x 2 / 100 = $104000
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The most obvious cultural distinction a company must take into account when deciding to undertake international business is:________
The most obvious cultural distinction a company must take into account when deciding to undertake multinational business is language.
In addition to its intrinsic fee, culture presents vital social and monetary benefits. With advanced studying and health, elevated tolerance, and opportunities to come together with others, tradition complements our nice of lifestyles and increases usual nicely-being for both people and communities.
Placed honestly, your cultural identity is the feeling that you belong to a group of human beings like you. that is frequently due to shared features like birthplace, traditions, practices, and ideals. artwork, songs, and meals additionally form your cultural identity.
Cultural values are the core concepts and beliefs upon which a whole network exists and defend and depend on for existence and harmonious relationship.
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The central division for chemical company has a return on investment of 30 nd an investment turnover of 1.86. the profit margin is:_________
The profit margin is 16.13%
Explanation:
Given,
Return on investment = 30
Investment turnover = 1.86
Profit= return/Investment
Profit= [tex]\frac{30}{1.86}[/tex]
profit= 16.13%
The profit margin of the chemical company is 16.13%
How do I calculate profit margin?
Find out your COGS (cost of goods sold). ...
Find out your revenue (how much you sell these goods for, for example, $50 ).
Calculate the gross profit by subtracting the cost from the revenue. ...
Divide gross profit by revenue: $20 / $50 = 0.4 .
Express it as percentages: 0.4 * 100 = 40%
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Writers of business messages should avoid sentences that begin with ""it is"" or ""there are"" because they.
Writers of business messages should avoid sentences that begin with ""it is"" or ""there are"" because they contain more words than necessary.
Businesses communicate with their customers through a variety of messaging channels using business messaging. The channels enable back-and-forth, two-way conversations rather than messaging blasts, such as advertisements or bulk email sends, empowering both customers and brands to reach out to one another.
Effective messages have a specific goal to educate, persuade, or work with the target audience. The message should be created taking into account the level of understanding, possible response, and relationship with the composer of the audience.
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Do the observations by patricia hewitt make any sense in economic terms? explain.
YES, his observation does make sense in economics, more about the sponsorship in the game by the management committee as they show the money initiated by the which company and how much they are paying.
And the public does think that economics is less and some think that the prize money is equal but it is totally dependent on the number of funds they are having for the match and the sponsor's money and taking out some as their profits.
For a player to win a match they have to do hard training and hard labor over it and to receive something that is not useful for the player in any way is better to get the amount paid to them as a reward for their winning so that they can be able to invest that money on the area of there interest or there need. Yes, we can not measure a win with some amount of money by as per the rule offering a prize its a better option in respect of others.
No, the length of the playing time can not measure the amount of prize it's not relevant as every game is tough to play and need lots of energy and dedication and for every player its tough to get trained daily and work hard for there match. Every game needs training and hard work. It is the requirement of the game that it takes less time duration but the energy and dedication are equal so, time can not measure the amount of the prize.
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If nominal gdp in 2019 exceeds nominal gdp in 2018, then the production of output must have.
If nominal GDP in 2019 exceeds the rate of nominal GDP in 2018, then the production of output must have risen or fallen because there is not enough information to determine what happened to real output.
The rate of Real GDP increased by 2.3 percent in 2019 which is from the year 2018 annual level to the year 2019 annual level as it is compared with an increment of 2.9 percent occurred in 2018.
The increase in the rate of real GDP occurred in 2019 made a major reflection in the positive contributions from PCE, in the field of nonresidential type of fixed investment, spending of the federal government, spending of state and local government, and the private type of inventory investment that were partly offset by those negative contributions from the part of residential fixed investment.
The deceleration takes place in real GDP in 2019 as it is compared to 2018 which primarily reflects decelerations in the nonresidential type of fixed investment and consists of a downturn in exports, which were partly affected by the offset as by accelerations in both states, local as well as spending of the federal government. The number of Imports increased less in 2019 than occurred in 2018.
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Your+bank+pays+2.9%+interest+per+year.+you+put+$1,200+in+the+bank+today+and+$700+more+in+the+bank+in+one+year.+how+much+will+you+have+in+the+bank+in+two+years?
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. It is distinct from a fee that the borrower may pay the lender or some third party.
Our interests are the activities that we enjoy doing and the subjects that we like to spend time learning about. of interest. If something is of interest, it holds your attention and makes you want to learn more about it. Nothing much of interest was discussed.
FV = 1500*1.0292 + 600*1.029 = 2,205.66
2. Value of perpetuity after 5 years = 500/.09 = 5,555.56
PV of the above = 5,555.56/(1.095) = 3610.73
3. PV = 39000, Y = 1%, N = 60, FV = 0
Monthlly payments = 867.53 (use financial calculator or PMT function in excel)
4. IRR = 20400/15000 - 1 = 0.36 or 36%
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Henry and walter open savings accounts at the same time. henry invests $6,500 at 4.54% simple interest, and walter invests $7,100 at 4.74% simple interest. after eight years, how much more interest has walter earned than henry? a. $331.52 b. $420.67 c. $631.52 d. $719.59 please select the best answer from the choices provided a b c d
After 8 years, Walter will earn (A) $331.52 interest from Henry.
Bank interest is a fee paid when paying for services for borrowing money provided by the bank within a certain period of time. Interest is determined by a percentage of the total deposit or loan amount.
Bank interest is divided into credit interest rates and savings interest rates. The loan interest rate is a certain price that the customer must pay to the bank in return for the loan obtained. While the savings interest rate is a certain amount paid by the bank to customers in return for their savings.
Bank interest has its own functions and benefits. For banks, interest is a source of income for banks. For example, when a bank offers assistance in the form of credit that can be borrowed with terms and conditions that apply to customers. The borrowed loan will be returned to the bank in monthly installments plus the interest rate agreed by both parties during the loan agreement. So, interest from credit installments can be a net input for banks.
The formula of interest rate is = Principle x Interest rate x Time
Interest rate of Henry:I = $6,500 x 0.0454 x 8 = $2360.8
Interest rate of WalterI = $7,100 x 0.0474 x 8 = $2692.32
The difference between Henry's and Walter's interest calculated is $2692.32-$2360.8 = $331.52
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An automobile company decides to improve the quality of its products and bring more variety into its entire product line. The company has decided to adopt ________.
An automobile company decides to boost the standard of its products and produce more variety into its entire merchandise. the corporate has decided to adopt Industry wide Differentiation.
Industry-wide differentiation may be a technique employed by companies after they diversify their line of products to achieve unexplored sectors of the market and increase their chances of collecting higher revenue. Normally, this practice is dispensed by large entities with enough funds for investment and covering risks. Therefore an automobile company decides to boost the standard of its products and convey more variety into its entire line of products. the corporate has decided to adopt Industry wide Differentiation
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Typical responsibilities of _______ include coordinating and linking groups, departments, and divisions within a company.
Typical responsibilities of middle managers include coordinating and linking groups, departments, and divisions within a company.
Who are Middle Managers?The management level known as middle management is the one that reports to higher level managers and oversees one to two subordinate level managers.
Its responsibilities include overseeing subordinate managers and carrying out orders from superiors. Instead of only handling operational responsibilities and decision-making, middle management is accountable for the overall management of an organization.
Because it comes with respectable pay and a wealth of supplementary benefits, this level of management is regarded as a senior position within the organization. Middle managers often include departmental and branch managers.
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Consider the businesses that began in the founders garages? What were the benefits of starting in there garage for these companies ? Would you ever consider starting your business in your garage why or why not
Some of the benefits of starting their companies in their garage to the businesses were:
Low costs of operations Allows for work at odd hours Comfortable and familiar environmentFor the benefits above given, I would consider starting my business in my garage.
What are the benefits of starting a business in a garage?When you have your business in your own garage, you won't have to pay for things like rent and utilities for the business alone which would save you from costs of operating.
You can also work at the garage in odd hours like the early mornings and late nights without worrying about safety or being too far from home.
Also, you can dress as comfortably as you like because you'll still be home. This will help with creativity.
These are good reasons why I would start my business from my garage.
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Explain the difference between materiality and cost benefit when preparing financial statements.
The difference between materiality and cost -benefit while preparing financial statement are given below-
According to the cost benefit principle, the cost of providing information through financial statements should not outweigh its utility to readers. The main point is that some financial data is prohibitively expensive to produce. whereas the significance of information in a company's financial statements is referred to as materiality. If a transaction or business decision is significant enough to warrant reporting to investors or other users of financial statements, it is considered "material" to the business and cannot be omitted.
A cost-benefit principle includes measurable financial metrics such as revenue earned, or costs saved as a result of a project decision, whereas the concept of materiality allows for the provision of ignoring other accounting principles if doing so has no impact on the financial statements of the business in question.
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The usual starting point for a direct labor budget for a manufacturer is:________
a. direct materials budget.
b. production budget.
c. cash budget.
d. sales budget.
The usual starting point for a direct labor budget for a manufacturer is
production budget. Option B is the correct answer.
What is a budget?A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends money.There are various types of budgets like sales budget, production budget, direct material budget, operating expense budget, cash budget, flexible budget, and fixed cost budget etc., also known as functional budgetsWhat is the Production Budget?The production budget calculates the number of units of products that must be manufactured, and is derived from a combination of the sales forecast and the planned amount of finished goods inventory to have on hand (usually as safety stock to cover for unexpected increases in demand). The production budget is typically prepared for a "push" manufacturing system, as is used in a material requirements planning environment.
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If san francisco were to repeal its rent control law, the prices for short rentals in the city listed on airbnb and other peer-to-peer sites would likely?.
If san francisco were to repeal its rent control law, the prices for short rentals in the city listed on airbnb and other peer-to-peer sites would likely to fall because the availability of housing would grow as the average rent rose.
Rent control law limits the amount a landlord may charge for leasing or renewing a lease. Municipalities typically pass rent control laws, although the specifics might differ greatly. All are designed to keep housing expenses within the reach of those with lower incomes.
Airbnb, which stands for "Air Bed and Breakfast," is a service that allows property owners to rent out their premises to tourists in need of a place to stay. As the average rent rose the availability of houses would grow which leads to the fall in prices for short rentals.
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An ordinary share has a current price of r82.50 and is expected to grow at a constant rate of 10 percent. if you require a 14 percent rate of return, what is the current dividend on this share?
Ordinary shares, additionally called not unusual stocks, are stocks sold on a public alternate. every proportion of stock commonly offers its owner the right to 1 vote at a organization shareholders' meeting. unlike in the case of preferred shares, the owner of regular shares isn't always guaranteed a dividend.
Dividend Growth Bale C4) = 107, peY Yeow.
Dividend per shave m next year (D1) = 2
As per the Pwidend Digcouwt Model the required Rode
of Peto Cite )is calculated by using “we following
fowl:
Pequived Rote of Retuw (he) = Cie} 9
OM = (Pr/ R825] 4 O10
punouto = (D1/RR2-6C)}
ou e (Di R820)
Dr = RBA5O ¥ 0104
pre-RS-BO PY Shove
pividend pev shave ia next ov CDi) =
deco went dividend pay Shave x
pre-Do¥ O49)
P22 = Do¥ C1+0-10)
R&I = Dox 10
Therefore the Do = R220/140
Do = BB00 per Shove
the lend CDO) on “this Shave
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If you place a stop-loss order to sell at on a stock currently selling for per share, the minimum loss you will experience on shares if the stock price rapidly declines to per share is:_________
If we place stop-loss order, the minimum loss we will experience on shares if the stock price rapidly declines to per share is 10%.
A stop-loss order is an order placed with a broker to buy or sell a specific stock at a predetermined price. The purpose of a stop-loss order is to limit an investor's loss on a security position. Setting a stop-loss order 10% below the price at which you purchased the stock, for example, will limit your loss to 10%.
The most important advantage of a stop-loss order is that it is free to use. Your regular commission is only charged once the stop-loss price is met, and the stock must be sold. A stop-loss order can be thought of as a free insurance policy.
Furthermore, when it comes to stop-loss orders, you don't have to keep track of how a stock is performing on a daily basis. This convenience is especially useful when you are on vacation or otherwise unable to monitor your stocks for an extended period of time.
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To calculate the multiplier, we ________ the change in equilibrium expenditure ________ the change in autonomous expenditure that generated it.
We multiply the change in autonomous expenditure by the change in equilibrium expenditure to determine the multiplier.
The components of an economy's total spending that are unaffected by the real level of income within that same economy are referred to as autonomous expenditures. Whether it occurs at the governmental or personal level, this type of spending is regarded as automatic and obligatory. According to classical economic theory, every increase in autonomous expenditures will result in at least an equal increase in overall output, such as GDP, if not a bigger one.
Whatever the source of money, an autonomous expenditure requirement must be satisfied. It is seen as independent in nature because the need is not affected by wealth. These costs are frequently related to the capacity to keep a state of autonomy. The capacity for self-government is a component of nation-state autonomy. It describes an individual's capacity to function with a certain degree of societally acceptable independence.
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If point a represents alice’s current production and point b represents betty’s current production, under what circumstances can both alice and betty benefit from specialization and trade?.
If point a represents alice’s current production and point b represents betty’s current production, then, Alice produces more lemonade and Betty produces more pizzas
The term "current production" refers to the amount that is less than the lesser of the previous month's production of each of product of sale, calculated separately, by the borrower and its subsidiaries, and the Current Production, as reasonably determined by the borrower, of each of product of sale, calculated separately, by the borrower and its subsidiaries for each month for the period ending no earlier than the latest month for which volumes are hedged under swap agreements. Current Production that occurs at the moment, or during the measurement time. Current Production refers to the amount of product of sale produced by the Borrower and its Restricted Subsidiaries during the previous month, divided by the actual product equivalent for each month.
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If point a represents alice’s current production and point b represents betty’s current production, under what circumstances can both alice and betty benefit from specialization and trade?.
