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Degger [83]
2 years ago
13

Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coco

nuts to the other island in exchange for 1,300 fish. After the trade the other island has a total of ______ coconuts and ______ fish.
Business
2 answers:
timurjin [86]2 years ago
3 0

After the trade the other island has a total of 150 coconuts and 1300 fish.

<h3>What do you mean by the comparative advantage?</h3>

Comparative advantage refers to the maximization of the efficiency of the economy and its well being by focusing on the production of those resources, which country can produce and exports them in the exchange of those goods, which a country does not produce.

One can have the comparative advantage at production if it could produce the goods at lower cost as compare to the others.

Here, both the islands focus only on the making of the thing they're best at doing.

Learn more about the comparative advantage here:-

brainly.com/question/13221821

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DaniilM [7]2 years ago
3 0

Both islands specialize exclusively in the product for which they have a comparative advantage. After the trade, the other island has a total of 150 coconuts and 1300 fish. This is further explained below.

<h3>What is trade?</h3>

Generally, trade is simply defined as the exchange of commodities and services.

In conclusion, Both islands focus only on making the thing they're best at doing. Thanks to the exchange, the other island is now stocked with 1300 fish and 150 coconuts.

Read more about Trade

brainly.com/question/15115779

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6 0
3 years ago
Total asset turnover is computed as: multiple choice Average sales divided by average total assets Net sales multiplied by avera
Korolek [52]

Overall asset turnover is computed as internet sales divided via common total assets.

Asset turnover is the ratio of overall sales or revenue to average property. This metric facilitates buyers to apprehend how efficaciously groups are using their assets to generate income. traders use the asset turnover ratio to examine similar corporations inside an equal area or organization.

A higher ratio is favorable because it suggests a more green use of belongings. Conversely, a decreased ratio suggests the organization isn't using its belongings as effectively. This is probably because of extra production capability, terrible series strategies, or bad stock control.

The asset turnover ratio is the ratio between the cost of a business enterprise's sales or revenues and the fee of its property. it's far an indicator of the efficiency with which an employer is deploying its assets to provide sales. as a consequence, the asset turnover ratio can be a determinant of an organization's performance.

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6 0
2 years ago
The difference between the standard cost of a product and its actual cost is called a variance.
-Dominant- [34]

The difference between the standard cost of a product and its actual cost is called a cost variance. Therefore the statement is true.

<h3>What is the objective of variance?</h3>

Changing across all of the pieces of information in a data set, variance is a measurement of distribution. It enables us to estimate how far away a set of factors are from each other.

To describe the variation or difference between the standard cost of a product and its actual cost the use of cost variance is done. It is utilized to estimate the financial performance of any project.

Therefore, the statement is True.

Learn more about Variance, here:

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7 0
1 year ago
Brief Exercise 12-8 have a carrying Ayayai Corporation purchased Johnson Company 3 years ago and at that time recorded goodwill
blsea [12.9K]

Answer:

Explanation:

Since the fair value of the division is less than the carrying value of the division so the loss on impairment is recorded

The journal entry to record the impairment of the goodwill is shown below:

Loss on impairment A/c Dr $30,000

                       To Goodwill A/c $30,000

(Being loss on impairment is recorded)

The computation is shown below:

= Carrying value - fair value  

= $300,000 - $270,000

= $30,000

4 0
3 years ago
Scenario 34-1. Take the following information as given for a small, imaginary economy: When income is $10,000, consumption spend
laiz [17]

Answer:

0.75

Explanation:

Marginal Propensity to Consume (MPC) is the change in consumption due to change in income

Change in consumption = $7,250 - $6,500 = $750

Change in income = $11,000 - $10,000 = $1,000

MPC = Change in consumption / Change in income

MPC = 750 / 100

MPC = 0.75

6 0
3 years ago
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