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loris [4]
3 years ago
12

Assume the nation of Teeveeland does not trade with the rest of the world. By comparing the world price of televisions to the pr

ice of televisions in Teeveeland, we can determine whether A. Teeveeland has a comparative advantage in producing televisions. B. Teeveeland has an absolute advantage in producing televisions. C. consumer surplus exceeds producer surplus in Teeveeland. D. All of the above are correct.
Business
1 answer:
tino4ka555 [31]3 years ago
5 0

Answer:

A) Teeveeland has a comparative advantage in producing televisions.

Explanation:

If Teeveeland has a comparative advantage in producing televisions, then the price of televisions in Teeveeland should be cheaper than the world price. The world price is the average price of a good traded in international markets, in this case televisions.

International trade is based on comparative advantages, since countries export the goods that is can produce more efficiently (they have a comparative advantage in their production) and they trade for goods that they cannot produce efficiently. So if Teeveeland has a comparative advantage in producing televisions, it should start to sell them to the rest of the world.

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Daniel, age 38, is single and has the following income and expenses in 2020:
sergejj [24]

Answer:

A. $90,800

B. $87,575

Explanation:

Calculation to determine Daniel's gross income and his AGI

A. Calculation for the Gross income using this formula

Gross income=Salary income + Net rent income + Dividend income

Let plug in the formula

Gross income= $87,000 + 2,500 + 1,300

Gross income=$90,800

Therefore her Gross income is $90,800

B. Calculation to determine the AGI using this formula

AGI=Gross income - (Contribution to traditional IRA + Loss on sale of real estate)

Let plug in the formula

AGI= $90,800 - ($2,400 + $825)

AGI=$90,800-$3,225

AGI=$87,575

Therefore her AGI is $87,575

8 0
2 years ago
"In the __________ strategy, you can manipulate _________ to match supply and demand. a. Chase; inventory level b. Chase; invent
makkiz [27]

Answer:

a. Chase; inventory level

Explanation:

Chase Strategy is one of the two aggregate planning methods where the production is set according to demand forecasts. Hence in this type of aggregate planning, the inventory level may be increased for a certain duration to cater for higher demands while it can also be lowered through low production for low forecasts. Hence Inventory level may be manipulated to match supply and demand.

7 0
3 years ago
Read 2 more answers
Consider a competitive market with a large number of identical firms. The firms in this market do not use any resources that are
lakkis [162]

Answer:

a. increase price in the short run but not in the long run.

Explanation:

A perfectly competitive market is one in which firms in an economy produce similar goods, and use resources that are limited in quantity.

An increase in demand will result in a corresponding increase in price, and results in firms making high profits. In the diagram below it results in a shift of demand from D1 to D2.

In the long run as firms have low barrier to entry more firms enter the market and supply shifts from S1 to S2. There is reduction in prices and profits start to fall. This is illustrated in the second diagram.

8 0
3 years ago
Administrative Management Group of answer choices emphasizes perspective of senior managers and that management, as a profession
Vikki [24]

Answer:

The correct answer is the first option: Emphasizes perspective of senior managers and that management, as a profession, can be taught.

Explanation:

To begin with, the term known as "Administrative Management" refers to the discipline whose main purpose is to focus in the efficient and effective organization of people, information and procedures inside the entity that will all lead to the completion of the tasks that are needed to be done in order to achieve the termination of the product or service that organization produces. This particular approach seeks for the employers to achieve the field in where the understand all the contents necessary to analyze what is happening around the organization and be able to work with that as good as possible.

6 0
3 years ago
Which sales channel is projected to top $450 billion within the next several years?
pshichka [43]
According to one source from the internet, the cross-border sales is projected to top $450 within the next 5 years.  Cross-border trade is the process of buying and selling of products, selling goods and services between business domestically or in the neighborhood countries.
6 0
3 years ago
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