Answer:
Mexico export 1 unit of cloth and import 2 unit of food
Explanation:
given data
Mexico’s cost producing 1 unit of food = 3 units of clothing
US cost producing 1 unit of food = 0.5 units of clothing
Trade ratio = 1:1
to find out
How beneficial would it be for Mexico
solution
as given in question we know that Mexico opportunity cost of producing food is lower in the US
so here United States will produce food and Mexico will produce cloth
and trade ratio is 1:1 so that Mexico has export 1 unit of cloth and can import 1 unit of food
and
when the trade ratio is 1 unit of clothing for every 2 unit of food
Mexico export 1 unit of cloth and import 2 unit of food
so as that Mexico will gains more by later trade ratio
Answer:
$ 7000
Explanation:
Given data;
Weekly salary of the salesperson = $ 600
Commission earned = 1 % on the sales over $ 2000
The amount earned by the salesman in the week = $ 650
Thus, the commission received = $ 650 - $ 600 = $ 50
Now,
let the amount over $ 2000 for which the commission of $ 50 paid be 'x'
therefore,
1 % of x = $ 50
or
0.01x = $ 50
or
x = $ 5000
Hence, the total sales was of $ 2000 + $ 5000 = $ 7000
Answer:
Idea is a thought and business opportunity is what job you want.
Explanation:
Answer:
Non-compete clause
Explanation:
The name of this clause is Non-compete clause. It is is a clause under which one party agrees not to enter into or start a similar profession or trade in competition against another party. By prudence of this non compete clause, the worker attempts and gives his acknowledgment to the state of the business that over the span of the work or significantly after the representative leaves the administrations/occupation of the business, he will not be the contender of the business in the structure and nature of the work of the business.
Answer: The correct answer is the first statement.
Explanation: Marginal revenue product measures the amount by wich the extra production of one more worker increases a firm's total revenue.
<u>It is an economic term used to describe the change in total income that results from a unit change of one type of input variable. There are many types of input variables that you can change, such as adding an employee or a new machine.</u>
