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sukhopar [10]
1 year ago
10

if both producers decided to trade with each other to stock their toy stores, the terms of trade that would benefit both geppett

o and lewis (1 puppet
Business
1 answer:
True [87]1 year ago
7 0

They would be willing to trade in the range of 2 puzzles per puppet to 5 puzzles per puppet.

Trade between two agents or countries allows the countries to enjoy the next total output and level of consumption than what would be possible domestically. Canada and Mexico can each specialize in the great they need a comparative advantage in and exchange with each other.

The terms of trade are dependent as long as they're between the 2 countries' opportunity costs. As an example, any amount of greater than 1/3 and fewer than 1 traded for 1 cotton shirt would represent interdependent terms of trade. The gains from trade are only supported by comparative advantage, not absolute advantage.

A person can have an absolute advantage in both goods or activities, and yet still gain from trade by specializing within the good or activity during which it's a comparative advantage. The theory of comparative advantage holds that whether or not one nation can produce all goods more cheaply than can another nation, both nations can still trade under conditions where each benefits.

Under this theory, what matters is relative efficiency. Even when one country has an absolute advantage altogether products, trade can still benefit either side. This can be because gains from trade come from specializing in one's comparative advantage.

learn more about trade: brainly.com/question/24473707

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Correct identification of the underlying root cause is the desired outcome of the ________________ approach to problem solving.
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Answer:

Letter A is correct. <u>Cause-oriented.</u>

Explanation:

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3 years ago
Uli produces stereo speakers. The selling price per pair of speakers is $1,930. There is no beginning inventory. Costs involved
blondinia [14]

Answer:

Ending inventory= $240,840

Explanation:

Giving the following information:

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The full costing method (absorption costing) includes all costs related to production, both fixed and variable. <u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>

F<u>irst, we need to calculate the total production cost:</u>

Total cost= 1,610*470 + 679,420

Total cost= $1,436,120

<u>Now, the unitary cost and ending inventory cost:</u>

Unitary cost= 1,436,120/1,610= $892

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7 0
3 years ago
What function of the management process is used to monitor and ensure the organization is meeting its​ goals? A. Controlling B.
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Answer: Controlling

Explanation:

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