Answer:
C. 280,000 270,000
Explanation:
Units Started and Completed: Total Units in Process during April - Work in Process Units at April 30
Equivalent Units of Production (Weighted Average Method): Units Started and Completed + Ending Inventory x % Completion
Units Started and Completed: 280,000 units - 25,000 units = 255,000
Equivalent Units of Production Materials: 255,000 + 25,000 x 100% = 280,000
Equivalent Units of Production Conversion Costs: 255,000 + 25,000 x 60% = 270,000
Answer:
Section 1..... Italy has a comparative advantage in the production of shoes, and Austria has a comparative advantage in the production of fish.
Section 2.... 5 pounds of fish, ; 1/10 pairs of shoes
Section 3..... A and C.
Explanation:
The comparative advantage is known to be a term that is in use in the economic world,where a country or company has the ability of producing goods at extremely lower cost compared to that of its partners or competitors.
This is very important because, the country or company will be able to produce its goods by making use of fewer resources.
And thereby gives the country or company an edge in selling its goods at a reasonable lower price when compared with that of its competitors.
In this case, it is summarized or concluded that, Italy has a lower opportunity cost of producing shoes. So, Italy has a comparative advantage in shoes and Sweden has a comparative advantage in fish.
The marginal product of the fourth worker is 150 bushels of wheat.
<h3>What is the marginal product?</h3>
Marginal product is the change in the total product of labour when labour is increased by one unit.
Marginal product = change in output / change in labour
change in output = 1300 - 1000 = 300
change in labour = 4 - 2 = 2
300 / 2 = 150
To learn more about marginal product, please check: brainly.com/question/13623353
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The stereo would cost 3750 British pound in Britain at the prevailing exchange rate.
Explanation:
Given details-
The exchange rate between the British pound and US Dollar- 0.75 British pounds for 1 USD
Cost of the stereo= 5000 USD
Proportionate cost of the stereo in the British pound-
Exchange rate conundrum can be understood in the following way easily-
It means that for every 1 USD, a person in Britain would shell out 0.75 British pounds. In other words, the British pound is dearer than USD.
Since the cost of the stereo is 5000 USD and 1 USD is 0.75 British pound
5000 USD would equal 5000* 0.75 British pound= 3750 British pound
cost of the stereo is 3750 British pound
Answer: Insufficient competition but strong differentiation
Explanation:
Products can fail when there is sufficient competition with weak differentiation.
If instead there is insufficient competition, the product has a better chance of being successful because it is offering a service that not many other products can replicate. People will therefore buy more of it.
Also if the product is strongly differentiated, it means that the company took the extra step of adding features to the product to make it stand out and be more useful to the customer. This can increase the appreciation for a product which will increase it's demand this ultimately leading to the success of the product.
