Answer:
Positive; Positive
Explanation:
The specific factors model was developed by Paul Samuelson and Ronald Jones where labor is defined as a mobile factor while land is specific factor.
In the specific factors model, the effects of trade on welfare overall are positive and for fixed factors used to produce the exported good they are positive."
Answer:
No representation broker
Explanation:
A no representation broker represents no one in a broker relationship, the agent only represents himself. Since the broker does not represent the buyer nor the seller, he/she can help them both in order to complete the transaction. There is no loyalty nor any fiduciary responsibility in the transaction.
But no representation brokers have certain duties:
- Disclose his/her duties to the sellers and buyers.
- Deal with all parties honestly and fairly.
- Disclose all known facts that materially affect the value of residential property.
- Account for all the funds entrusted to the licensee.
Answer:
total cost for Bret in a year with 8 opening is $62400
Explanation:
given data
average cost = $300
total cost = $60000 per year
to find out
total cost for Bret in a year with 8 opening
solution
we know here no of opening is 8
so variable cost will be
variable cost = 8 × 300
variable cost = $2400
so
total cost for Bret in a year will be
total cost = variable cost + fixed cost
total cost = 2400 + 60000
total cost = $62400
so total cost for Bret in a year with 8 opening is $62400