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AURORKA [14]
3 years ago
5

Regan grows flowers and makes ceramic vases. Jayson also grows flowers and makes ceramic vases. Regan can produce 3 times as man

y vases in a day as Jayson, and Regan can grow twice as many flowers in a month as Jayson. Who would gain from trade between Regan and Jayson?
Business
2 answers:
Dominik [7]3 years ago
7 0

Answer:

B

Explanation:

its the only obviose answer

klasskru [66]3 years ago
3 0

Answer:

Both would gain

Explanation:

Regan and Jayson are two people who are in the same business or trades. They both grows flowers and make ceramic vases.

But Regan is better in producing both the items. Regan produces ceramic vases 3 times in a day as many vases Jayson produces and can grow twice as many flowers as Jayson in a month.

Now both Regan and Jayson can do the business and benefit if they try to focus on the comparative advantage of the market.

Hence both Regan and Jayson will gain from the trade.

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Round 784.967 to the nearest whole number
ella [17]
784.967 rounded to the nearest whole number is 785
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3 years ago
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Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Agoria, a nation with a pure market
Marta_Voda [28]

Answer:

Two weaknesses as consultant can be identify: The economy experiences economic fluctuations, and people with no resources to sell could starve

Explanation:

In a pure market economy, the allocation of resources is based on purely the dynamics between supply and demand. If our economy is closed (there is no imports nor exports) and there is not different actors (such as government) and all trade goods are perfect (they are not public or semi-public goods), then the market will efficiently allocate all the resources. Nevertheless, this is not the case, and with an open economy and the existence of imperfections, any external impact will cause economic fluctuations, and those workers with no demandable offer will not be hired, and potentially will be out of the market.

3 0
3 years ago
On January 1, 2014 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $30,000 and $500, respect
san4es73 [151]

Answer:

correct option is $750

Explanation:

solution

we know here that Net balance of opening accounts receivable is

Net balance of opening accounts receivable = $30000 - $500

Net balance of opening accounts receivable = $29500

and

Credit sales during the year is here $7500 0

and Cash payments received = 74550

so

uncollecectible account expenses = credit sales × % of sale uncollectible

so uncollecectible account expenses = $75000 × 1%

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so correct option is $750

8 0
3 years ago
Product focused processes: allow more customization, but are not very efficient. are desirable because resource needs increase s
Vikki [24]

Answer:

The correct answer is letter "C": are processes that are specialized for relatively few products or customer groups.

Explanation:

Product-focused processes are those that follow a market segmentation. Companies decide to what sector of the market they will drive their efforts towards and specializes in the manufacturing of a determined good.

Production tends to involve high volumes and low variety process but provides manufacturers relatively high facility utilization. Examples of product-focused processes are the production of light bulbs or bolts.

4 0
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Cox Co. accounts for its inventory using the LIFO cost method. An inventory loss from a permanent market decline of $360,000 occ
kirill115 [55]

Answer:

$360,000

Explanation:

Last in first out (LIFO) is a method used in inventory where the cost of most recently purchased goods is the one to be expensed first. Also current losses are the first to be reported.

An inventory loss incurred in a quarter must not be deferred, but recorded as items within an interim must be reported in the same period they were incurred, unless it can be redeemed before the end of the fiscal year. It is not considered a temporary item.

The loss reported in May will be reported for that quarter in June.

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