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pashok25 [27]
1 year ago
13

Nation Beta employing all its available resources nation alpha can produce either 800 units of chemicals or 1,600 units of cloth

ing. nation beta can produce either 200 units of chemicals or 800 units of clothing. which of the following statements is true? Nation Beta has a comparative advantage in producing chemicals. Nation Alpha has a comparative advantage in producing chemicals. Nation Beta is the high-cost producer of clothing.
Business
1 answer:
mr Goodwill [35]1 year ago
3 0

The true statement is Nation Alpha has a comparative advantage in producing chemicals. (second option)

<h3>What is comparative advantage?</h3>

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. Opportunity cost is the cost of forgoing the next best alternative action when one activity is undertaken over other activities.

For Nation Beta:

Opportunity cost of producing chemicals : 800 / 1600 = 0.5

Opportunity cost of producing clothes : 1600 / 800 = 2

For Nation Beta:

Opportunity cost of producing chemicals : 200 / 800 = 0.25

Opportunity cost of producing clothes : 800 / 200 = 4

To learn more about comparative advantage, please check: brainly.com/question/25139916

#SPJ1

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Answer:

The correct answer is C) Indiana

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To completely secure a secured transaction, or perfect the security, the secured party (in this case Maxwell) should file a financing statement with the <em>local public records office</em>, Secretary of State, or other appropriate government body.

The area that is local to Maxwell is where he lives which is Indiana.

Cheers!

7 0
3 years ago
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Answer: The answer is Customer Orientation.

Explanation:

Customer orientation is defined as the process whereby companies focus on determining all the needs of their customers, even as the needs change, in order to be able to design their products and services to meet the dynamic needs of their customers.

Customer orientation is important because it helps to identify customers' real needs, and satisfy them better than competitors. This is a guarantee that a company will retain its customers.

8 0
3 years ago
Mackalya is an office secretary at the "All American Office Products Company." This Company sells office supplies and office equ
Bogdan [553]

Answer:

1. Yes; Journal entry

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Credit- Cost of goods sold or Trading account A/c $160

3. Leaves to the cost of goods sold account

Explanation to:

1. Mackalaya used inventory. Remember, inventory is a term used to refer to all the merchandise (goods or products) a company has at the moment in stock.

2. The Journal entry to be made would be

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6 0
3 years ago
Joe walks into Best Buy prepared to spend no more than $500 cash on a new computer, but the price turns out to be $600. Joe is t
motikmotik

Answer:

Irrational decision

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Irrational decisions refer to those decisions which are not taken after enough deliberation, ignore the rationale, facts and logic, are rather decided out of whim and impulse and usually instantly decided.

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The choice of the consumer here is not rational or rather irrational since, he without considering other alternatives or exercise of judgement, without evaluating his costs, impulsively opted for the credit card lured by $25 gift card.

As per the economic theory, Joe's decision would be referred to as irrational.

8 0
3 years ago
Assume that Jack, Hal, and Sophia enter into a valid contract for the sale of the restaurant and for the covenant not to compete
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