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3 years ago

Which of the following is true?

Business

1 answer:

NNADVOKAT [17]3 years ago

4 0

Answer: Option (D) is correct.

Explanation:

Correct option: A nation cannot have a comparative advantage in the production of every good.

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 than the other country.

While calculating the opportunity cost of producing a commodity, country takes into account both the commodities. Hence, it was not possible that a country is having comparative advantage in the production of every commodity.

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A manufacturing company incurs direct materials costs of $6 per unit. The total direct materials cost is______when the company m

Alja [10]

Answer:

$12,000

Explanation:

The manufacturing company has a direct materials cost of $6

The company manufactures 2,000 unit

Therefore total direct material cost can be calculated as follows

= 2,000×6

= $12,000

Hence the total direct material cost of $12,000

4 0

3 years ago

Jared, the operations head at Cerise Confectionery, showed gratitude to his employees by hosting an employee appreciation day. I

Art [367]

Answer:

Leading is the correct answer.

Explanation:

Leading is a process of influencing, directing and guiding a people of an organization to show them a direction.

Leading is the function that is carried out in the management process to motivate the employees to reach the organizational objectives.

Thus leading create a positive attitude among the people working in the organization.

4 0

3 years ago

Which utility applies to a company that educates customers about its products’ features? A. form utility B. knowledge utility C.

grandymaker [24]

Answer:

C. possession utility

Explanation:

The explanation can be justified by the definition of these terms.

<em>Possession utility </em>is a term used to refer the value that the company offers to the consumers if they purchase or use the product in the way that the company made it for - similar with the feature of products. In general, it is the perceived value from the products.

Meanwhile: Knowledge utility is created from the increase in knowledge of the consumers about the product. This applies to the customers. Form utility is created when there is change in the shape or forms of products. Place utility is about making goods and services accessible to the potential consumers. And price utility is about making products affordable with customers and reasonable with the value it offers.

3 0

3 years ago

Dan would like to save $1,500,000 by the time he retires in 30 years and believes he can earn an annual return of 8%. How much d

Ket [755]

Answer:

$13,241

Explanation:

From the data we were given in the question:

future value = fv = $1,500,000

time = t = 30 year

rate = r = 8%

We are required to find out How much does he need to invest to achieve his goal

solution

future value = principal ( 1+ rate)^(t-1) / rate

1500000 = principal (1 + .08)^(30-1)/ 0.08

we make principal, p, subject of the formula.

principal = 1500000 / ( (1 + .08)^(30-1)/ 0.08 )

Principal = 1,500,000 / 113.2832

principal = 13241.15

so Dan needs to invest $13241

6 0

3 years ago

At your future job, you get an unexpected raise from $50,000 a year to $75,000 a year. With the increased income, you decide to

seropon [69]

The Marginal propensity to consume is 0.4

Here, we are calculating the marginal propensity to consume (MPC).

Change in Income = New Income - Old Income

Change in Income = $75,000 - $50,000

Change in Income = $25,000

Change in Consumption = New Consumption - Old Consumption

Change in Consumption = $40,000 - $30,000

Change in Consumption = $10,000

Marginal propensity to consume = Change in Consumption / Change in Income

Marginal propensity to consume = $10,000 / $25,000

Marginal propensity to consume = 2/5

Marginal propensity to consume = 0.4

Therefore, the Marginal propensity to consume is 0.4.