All categories

2 years ago

Who has the comparative advantage in the production of corn? jakejaneboth jake and jane.neither jake nor jane.

Business

1 answer:

Pachacha [2.7K]2 years ago

4 0

Jake has a comparative advantage in the production of corn.

<h3>Who has a comparative advantage?</h3>

A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people. Opportunity good is the number of goods that have to be given up in order to produce a good.

Opportunity cost for:

Jake : 20 / 80 = 0.25

Jane: 40 / 40 = 1

Jake has a lower opportunity cost. He has a comparative advantage in the production of corn

Please find attached the table used in answering this question. To learn more about comparative advantage, please check: brainly.com/question/25139916

#SPJ1

You might be interested in

At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31

bezimeni [28]

Answer and Explanation:

The journal entries are shown below:

a. Bad Debt Expense ($135,500 × 5% - $2,304) Dr. $4,471

To Allowance for Doubtful Accounts Cr. $4,471

(Being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expense and credited the allowance for doubtful debts as it decreased the value of the assets

b. Bad Debt Expense ($135,500 × 5% + $678) Dr. $7,453

To Allowance for Doubtful Accounts Cr. $7,453

(Being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expense and credited the allowance for doubtful debts as it decreased the value of the assets

8 0

3 years ago

Benefits are offered by employers to attract good employees

Troyanec [42]

Answer:

its true :))

Explanation:

4 0

3 years ago

Read 2 more answers

Please answer now!!

Naya [18.7K]

Answer:

Change in an organization leads to many positive aspects – that lead to retaining a competitive edge and also remaining relevant in your business area. Change encourages innovation, develops skills, develops staff and leads to better business opportunities and improves staff morale

hope this helped you

please mark as the brainliest (ㆁωㆁ)

7 0

3 years ago

The following data are from the accounting records of Niles Castings for year 2: Units produced and sold 80,000 Total revenues a

Kruka [31]

Answer:

Gross Margin = $ 115,000 Contribution Margin= $ 144,500

Explanation:

Nile Castings

Income Statement

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Fixed Manufacturing Costs $ 41,000

Gross Margin $ 115,000

Less Marketing & Administrative Costs

Fixed Marketing Costs $ 38,000

Variable Marketing Costs $ 11,500

Net Profit $ 65,500

Nile Castings

Income Statement Under Absorption Method

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Variable Marketing & Administrative Costs $ 11,500

Contribution Margin $ 144,500

Less Fixed Costs

Fixed Manufacturing Costs $ 41,000

Fixed Marketing Coss $ 38,000

Net Profit $ 65,500

3 0

3 years ago

Erik's job is to negotiate the best price for his client, a retaller that sells high-end shoes. He approaches a shoe manufacture

Zielflug [23.3K]

Answer:

D. broker

Explanation:

A broker is a person or a firm who organizes or arranges for financial transactions between two parties or more. A broker is an intermediary because they connect a willing seller to a willing buyer for a commission. Brokers do not take ownership of the products being transacted. They only create a link between buyers and sellers.

Erick is a broker. He acts on behalf of the retailer and connects them to the manufacturer.

7 0

3 years ago