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1 year ago

If the world price for a good exceeds the before-trade domestic price for a good, then that country must have.

1 answer:

3 0

If the world price for a good exceeds the before-trade domestic price for a good, then that country must have a comparative advantage in the production of the good.

The domestic price level represents the current price of a particular good or service in an economy. Government agencies or national economists tend to look at different price levels to gauge how prices rise or fall, which is economically known as inflation and deflation, respectively.

If the world price is lower than the domestic price of a good in a country, allowing free trade will reduce that country's total surplus. When the world price of a good is lower than the domestic price of a good, the imposition of a tax on an imported good will increase the total surplus in the market.
Economic pricing theory asserts that in a free market economy, market prices reflect the interaction between supply and demand: prices are set to match the quantity supplied and the quantity demanded.

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Lion Industries required production for June is 132,000 units. To make one unit of finished product, three pounds of direct mate

OleMash [197]

Answer:

Raw materials to be Purchased 426,000

Explanation:

Raw materials production needs 396,000 (A)

Desired Ending Inventory 330,000 (B)

Total needs 726,000 (C) (A+B)

Beginning Inventory (300,000) (D)

Raw materials to be Purchased 426,000

(A)

Required production 132,000

each units required 3 pounds of raw materials per unit

so we multiply to get how many are required for production

(B) the desired inventory are additional units we need to purchase

(D) the beginning inventory are units we already have on inventory, decreasing our purchase needs.

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3 years ago

What is the acronym for the rainbow

emmasim [6.3K]

Answer:

roygbiv

Explanation:

roygbiv

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1 year ago

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Assume the audience for Who Wants to Be a Millionaire on a local cable channel is 115,000. During the months of January and Febr

Lapatulllka [165]

Answer:

Gross Impressions

Explanation:

Gross impressions represent the total number of households or individuals that is represented by a given media schedule. It is the impression that an advertisement gets. It is the total sum of audiences that is individuals or households that is exposed to the same commercial or program on multiple occasions. It is different to gross rating points. The latter deals with the number of impressions while the former deals with the number of audiences.

In this case, gross impressions

= Audience × number of ads

= 115000 × 16

= 1840000

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3 years ago

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Jamie Potts works for a California-based computer manufacturer. According to Jamie, the time required to develop a new product h

Artist 52 [7]

The correct answer would be, CAD software.

Jamie Potts works for a California based computer manufacturer. According to Jamie, the time required to develop a new product has decreased because of the increased use of CAD software.

Explanation:

CAD stands for Computer Aided Design. In CAD, people use the computer to create, develop, modify, analyze or optimize a design. Computer Aided Design help the designers in the following:

Increased productivity of the designer
Improved Designs
Improved Quality of the products
Improved Communication
Better database management

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2 years ago

An expanding economy puts stress on the manufacturing ability of a company. When a firm turns business down during periods of ec

Len [333]

An expanding economy puts stress on the manufacturing ability of a company. When a firm turns business down during periods of economic expansion, a problem exists in the area of <u>capacity utilization</u>.

The capacity usage rate measures the proportion of a company's potential output this is truly being found out. The capability usage price of an organization or a national economy may be measured so one can provide perception into how nicely its miles reach their capacity.

Efficiency is commonly expressed as a percent of the actual output to the anticipated output. capacity usage, on the other hand, is a degree of ways well an organization makes use of its efficient capability. it's the relationship between capability or theoretical most output and the real production output.

Ability utilization is a degree of the extent to which the productive potential of a commercial enterprise is getting used by potential users may be calculated by way of: real. output / maximum output x a hundred. results of operating beneath capability.

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1 year ago