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Bingel [31]
3 years ago
14

How does a country determine whether it has a comparative advantage in the production of certain goods?

Business
1 answer:
Sergeu [11.5K]3 years ago
7 0

Answer:

Comparative Advantage: A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country as compared to the other country.

For determining comparative advantage, countries compare their good's opportunity cost with the other country's goods opportunity cost.

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A company's environmental sustainability strategy consists of its deliberate actions to:A. shelter the environmental impacts fro
Rus_ich [418]

Answer:

Operate the business in a manner that promotes the longevity of sustainability effects.

Explanation:

A company's environmental sustainability strategy comprises of different actions that are carried out to maintain an effective environmental management system inorder to ensure that the company increases it's sales and maximises profit. This type of strategy helps to create a long term value for an organization. Examples of practices that companies carry out to ensure a sustainable environment include:

- Recruiting and training employees on different ways to maintain a sustainable environment.

- Creating an effective recycling program.

- Usage of environmental friendly equipments in the organisation.

5 0
4 years ago
A company assigns overhead using a plantwide rate. If total estimated manufacturing overhead is $900,000 and the total estimated
ozzi

Answer:

Overhead  application rate

= <u>Budgeted overhead</u>

  Budgeted machine hours

= <u>$900,000</u>

  30,000 hours

= $30 per machine hour

Overhead cost assigned to the product

= Overhead application rate x Actual machine hours  

= $30 x 12,000 hours

= $360,000                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

Explanation:

In this case, there is need to determine the overhead application rate, which is the ratio of budgeted overhead to budgeted machine hours.

Then, we will obtain the overhead cost assigned to the product by multiplying the overhead application rate by actual machine hours.

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3 years ago
Which of the following housing decisions provides a person with both
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How does supply and demand affect prices?
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The higher the supply the lower the price will be and the higher the demand the higher the price will be. This means that they have an inverse relationship. In short, the more you need something the more you're willing to pay for it, and the less you need it the less you want to pay, and this is basically how the economy works when producing and selling.
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A thesis statement should be clearly stated and narrowly focused. True False
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A thesis statement should be clearly stated and narrowly focused. False

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