1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
babymother [125]
3 years ago
5

When a country can produce a product more cheaply than its trading partners, it is known as __________?

Business
1 answer:
Mashutka [201]3 years ago
7 0
When a country can produce a product more cheaply than its trading partners, it is known as: <span>comparative advantage
For example, United States often imported exotic fruits from Brazil. Since Brazil is a tropical country, the cost in producing exotic fruits will be significantly lower compared to growing it in the United States. Therefore, we can say that brazil has a comparative advantage in this product compared to united states.</span>
You might be interested in
Landed costs refer to:
viktelen [127]

Answer:

A price that includes both the cost of the product plus transportation to the buyer

Explanation:

Landed cost is defined as the total price of a product after it has arrived at a buyer's hands all the eay from the factory.<em> It considers the original price of the product, the transportation in land, air and ocean, customs, taxes, insurance, handling, fees, etc. </em>

I hope you find this information useful and interesting! Good luck!

5 0
3 years ago
Read 2 more answers
In a spreadsheet, there are many features that help you edit quickly.<br> O True<br> O False
Lapatulllka [165]

Answer:True

Explanation:There are many form a quick editing hoped this helped ;) ... In a spreadsheet, there are many features that help you edit quickly.

5 0
3 years ago
Read 2 more answers
Wu Production Company, which uses activity-based budgeting, is in the process of preparing a manufacturing overhead budget. Whic
creativ13 [48]

Answer:

Option which would likely appear on that budget will be:

Batch level costs: production setup.

Explanation:

Here the company uses activity based budgeting is a management accounting tool which new year budget is only seen by not considering the previous year records.

 Activity based budgeting which  is  a budgeting method in which firstly the overhead costs are being calculated and the the budgets gets created.

Batch-level cost is a cost which is not associated with any given specific individual units but is associated with a group of units.

For example, to set up a production run the cost incurred is associated with the batch of goods that are produced subsequently.

Another example can be be procurement costs. The expenses associated with the procurement costs include the  ordering of direct materials, paying suppliers and receiving goods.

Since all of the expenses are related to the orders placed numbers, they must be allocated not to an individual product but to group of unit.

6 0
3 years ago
The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:
Rainbow [258]

Answer:

d. $75,000

Explanation:

                                total         Los Angeles    Bay Area  Central Valley  

Revenues           $750,000      $200,000     $235,000    $325,000

Variable exp.      $410,000        $110,000      $120,000     $180,000

Controllable       $210,000         $65,000        $75,000      $70,000

<u>fixed expenses                                                                                      </u>

controllable        $130,000        $25,000        $40,000      <u>$75,000</u>

profit margin

Noncontrollable fixed expenses and common fixed expenses are not included in the calculation of individual controllable profit margin.

7 0
3 years ago
Who is the current CEO of Space X
sergiy2304 [10]

Answer:

Elon Musk is the current CEO of Space X

5 0
3 years ago
Read 2 more answers
Other questions:
  • Wilson Corporation produces a large number of fishing products. The costs per unit of a particular fishing reel are as follows.
    14·1 answer
  • Suppose that the presidents of two auto manufacturing companies exchange text messages in which they discuss jointly raising pri
    8·1 answer
  • Using the information below, calculate gross profit for the period:    Beginning Raw Materials Inventory$25,000 Ending Raw Mater
    12·1 answer
  • Based on the table, which of the following is true?
    9·2 answers
  • If you can borrow funds from a finance company at 12 percent compounded weekly​, the EAR for the loan is nothing​%. ​ (Round to
    9·1 answer
  • 1) You are indecisive about which stock to buy Microsoft, which is selling for $173 a share; or Apple, which is selling for $285
    15·2 answers
  • If the fair value of a debt investment that is classified as an available-for-sale investment declines for a reason that is view
    6·1 answer
  • Hi I need help with this question. I don't know what I'm doing so I hope you can explain how to solve it. Thank you in advance.
    5·1 answer
  • Jonathan is applying for a new credit card. His credit rating is average. Which APR should he expect after the introductory peri
    10·1 answer
  • Which factor would credit card companies most likely use to determine an
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!