1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lesechka [4]
2 years ago
12

Suppose that the United States has an absolute advantage over Mexico in producing both agricultural and manufactured goods. In t

he U. S., the opportunity cost of 1 unit of agricultural output is 2 units of manufactured goods. In Mexico, the opportunity cost of 1 unit of agricultural output is 1.5 units of manufactured goods. Total production in the U. S. and Mexico will be maximized if
Business
1 answer:
irina [24]2 years ago
7 0

Given the above scenario, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

<h3>What is product maximization?</h3>

Product maximization refers to the process via which two trading nationalities or entities focus on the goods where they have the least opportunity cost.

Thus, n this case,  the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.

Learn more about Product Maximization at;
brainly.com/question/4171648
#SPJ12

You might be interested in
Ames, Inc., has $1 million of notes payable due June 15, Year 2. At the financial statement date of December 31, Year 1, Ames si
Delvig [45]

Answer: B. $40,000, $960,000

Explanation:

The long term obligation will be 80% of the collateral value which will be:

= 80% × $1.2 million

= 0.8 × $1,200,000

= $960,000.

Therefore, the short term obligation will be:

= $1,000,000 - $960,000

= $40,000

7 0
2 years ago
Horizontal analysis evaluates a series of financial statement data over a period of time Group of answer choices that has been a
Dmitrij [34]

Answer:

C) to determine the amount and/or percentage increase or decrease that has taken place.

Explanation:

Horizontal analysis can be regarded as an approach which is been used in analyzing financial statements through making comparism between specific financial information for a particular accounting period along with the information from other periods. This approach is been used by Analysts to make analysis of historical trends.

It should be noted that Horizontal analysis evaluates a series of financial statement data over a period of time to determine the amount and/or percentage increase or decrease that has taken place.

6 0
3 years ago
Suppose that a large lake in the middle of Minnesota evaporates, leaving more fertile farm land for growing corn available. Assu
densk [106]

Wages would fall as the number of workers available grows. Landowners in Louisiana will earn more rent as the demand for land increases.

<h3>What is the law of demand and supply?</h3>

The law of supply and demand is still in effect:

Wages: when the amount supplied increases, but the quantity required does not, the price falls.

When the quantity required increases without the quantity supplied increasing, the price rises.

Thus, Wages would fall as the number of workers available grows.

For more details about law of demand, click here:

brainly.com/question/14273030

#SPJ1

7 0
2 years ago
Mandy’s Packaging Inc. is a multibillion-dollar supplier of packaging materials. One of its salespeople rearranged production sc
daser333 [38]

Answer:

<u>Relationship selling</u>

Explanation:

Relationship selling is focussed more upon successfully building a long term relationship between a seller and a buyer rather than being merely focussed upon effecting a sales through .

The technique emphasizes upon the quality of interaction between the seller and the buyer which shall serve as a basis for develoment of a future relationship between the company and the customer.

This technique is prominent in case of those companies that rely on repetitive purchases on part of the buyer like private instructors. Good relationships may lead to customer loyalty which prompt repetitive purchases at their end.

In the given case, the supplier company's sales person rearranged production schedule so as to accomodate unexpected demand from a major client. Such an action demonstrates company's sales policy with emphasis upon relationship selling.

3 0
3 years ago
True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.
hodyreva [135]
False. 

If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is a GIFFEN GOOD. 

An inferior good is a good that decreases in demand if income increases. These are the goods that people opt not to buy when their purchasing power increases.
5 0
4 years ago
Other questions:
  • Suppose the daily change in price of a stock is normally distributed with mean = .20 and standard deviation = .30. What price ch
    6·1 answer
  • The last element of a formal business letter should be the salutation followed by your signature.
    5·1 answer
  • True or false: employers are made worse off but employees are made better off by this law.
    14·1 answer
  • You are taking a crash course in e-business in order to compete for a plum job opening in the field. However, you missed the cla
    7·2 answers
  • Earthquake _____ is a means of deciding where the ground is stable enough to build on in earthquake-prone areas. prevention miti
    9·2 answers
  • Al's Sport Store has sales of $897,400, costs of goods sold of $628,300, inventory of $208,400, and accounts receivable of $74,1
    9·1 answer
  • Which theoretical perspectives would view television and movies as a form of big business in which profits are more important th
    6·1 answer
  • For a monopoly, the socially efficient level of output occurs where marginal revenue equals marginal cost. average revenue equal
    7·1 answer
  • An action for breach of warranty generally must be brought within four years of the breach.
    9·1 answer
  • HELP PLS!!!! What is the organization for social workers?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!