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IgorC [24]
2 years ago
10

The jewels that a jewelry maker uses for his necklaces are becoming harder to find. Because of this he has to raise the price of

the necklaces. Which factor is this in determining price?
A. Related products
B. Strength of economy
C. Elasticity of the market
D. Production cost
Business
1 answer:
Alja [10]2 years ago
4 0
The answer is d is production cost 

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Assume Ireland and Mali can both produce grain and dates, and that the only limited resource is the farming labor force, meaning
likoan [24]

Answer:

a. Which country has the absolute advantage in producing dates?

Mali

b. Which country has the absolute advantage in producing grain?

None

c. Which country has the competitive advantage in producing dates?

Mali

d. Which country has the comparative advantage in producing grain?

Ireland

Explanation:

Opportunity cost of producing dates:

Ireland = 10 / 5 = 2 tons of grains

Mali = 10 / 25 = 0.4 tons of grains

Opportunity cost of producing grains:

Ireland = 5 / 10 = 0.5 tons of dates

Mali = 25 / 10 = 2.5 tons of dates

7 0
3 years ago
Explain the link between scarcity and opportunity cost.​
Helga [31]

Answer:

Resources are limited in supply(scarcity) while wants are unlimited thus one has to make a choice to satisfy a need.Some choices are forgone(opportunity cost)

5 0
3 years ago
Skyler Manufacturing recorded operating data for its shoe division for the year. Sales $4,500,000 Contribution margin 500,000 Co
Anna71 [15]

Answer:

Controllable margin= $300,000

Controllable margin in %= 33.3%

Explanation:

Controllable margin is sales revenue less controllable variable costs and fixed cost.

Controllable margin= Sales revenue - controllable variable cost - controllable fixed costs

Controllable margin= contribution margin - fixed costs

                                     = 500,000 - 200,000= 300,000

Controllable margin in %= 300,000/900,000 × 100 =33.3%

Controllable margin in %= 33.3

3 0
3 years ago
On January 1, 1997, an investment account is worth 100,000. On April 1, 1997, the value has increased to 103,000 and 8,000 is wi
loris [4]

Answer:

(B) 6.25%

Explanation:

January 1, 1997 = $100,000

April 1. 1997 = $103,000 - $8,000 = $95,000

January 1, 1999 = $103,992

annual interest rate for 1997 = i = (x - 100,000 + 8,000) / [100,000 - 8,000(1 - ³/₁₂) = (x - 100,000 + 8,000) / [100,000 - 8,000(1 - 0.25) = (x - 92,000) / 94,000

x = 92,000 + 94,000i

annual interest rate for 1998 = 1 + i = 103,992/x

x = 103,992/(1 + i)

0 = x(1 + i) - 103,992

now we replace x by 92,000 + 94,000i

0 = (92,000 + 94,000i)(1 + i) - 103,992

0 = (94,000 (1 + i) - 2,000)(1 + i) - 103,992

we now replace 1 + i by Y

0 = (94,000Y - 2,000)Y - 103,992

0 = 94,000Y² - 2,000Y - 103,992

using a calculator, Y = 6.25%

4 0
3 years ago
Last season at City Opera House, far more people attended opera X than opera Y. However, opera Y generated far greater net profi
Gnesinka [82]

A difference in the subject matters of operas X and Y

Explanation:

A difference in ticket prices , operating expenses , merchandise sales with operas X and Y could directly explain the result indicated about the given statement.

The costs of goods produced is typically included in the balance sheet as a separate item. The residual expenditures not included in COGS are operating expenses. Customer selling is carried out by merchandising, whereas the term "sales" applies to a customer who simply purchases a product and performs a buying transaction.

3 0
3 years ago
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