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nalin [4]
3 years ago
6

When nations increase production in their area of _________________ and trade with each other, both sides can benefit.

Business
1 answer:
Elenna [48]3 years ago
7 0

Answer:

comparative advantage

Explanation:

Comparative advantage in finance is crucial for production because it helps nation to manufacture their goods with low opportunity cost compare to their co- partner in that production line.

Production which is an essential aspect in economics is a process of turning raw materials into finished goods are very crucial in each nation of the world and for economic process to be completed.

It should be noted that When nations increase production in their area of comparative advantage and trade with each other, both sides can benefit from it.

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It costs a company $14 of variable costs and $6 of fixed costs to produce product Z200 that sells for $30. A foreign buyer offer
Andrej [43]

Answer:

the net income would be decreased by $3,000

Explanation:

The computation of the net income is shown below;

Total cost is

= $14 + $5

= $19 per unit

And, the Selling price is $18 per unit

Now

Income = Revenue - Cost

= $18 - $19

= -1 per unit

And, finally

Total Income = 3000 units × (-1)

= -$3000

Hence, the net income would be decreased by $3,000

7 0
2 years ago
Poka Yoke uses a number of devices to mistake-proof a process. Which of the following would NOT be included?A)Fixture templatesB
marissa [1.9K]

Electric relays a number of devices to mistake-proof a process. the following would not be included.

<h3>What are the devices?</h3>

A device is a complete piece of natural science hardware that is used to compute or support computer mathematical functions within a larger system. Some devices, such as peripheral devices, are subsidiary in nature and can provide input, output, or both to a computer.

Relays are electrically powered switches that operate by receiving electrical signals from other sources to open and close circuits. By turning the switch on and off, they receive an electrical signal and transmit it to other pieces of equipment.

Therefore, Thus, option (B) is correct.

Learn more about devices here:

brainly.com/question/11599959

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6 0
1 year ago
State whether true or false and briefly explain why:
gayaneshka [121]

Answer:

Stating True or False

P > MC, so producing more would mean that the marginal cost increases to match the market price. FALSE

P = AC, so producing more would mean that the average cost would exceed the price reducing profits. FALSE

P = MC, so producing more would mean that the marginal cost would exceed the price reducing profits.  TRUE

MR < MC, so producing more would mean that the marginal cost increases to match the market price. FALSE

Explanation:

All profit-maximizing producers accept a market price (P) that is equal to the marginal cost (MC), i.e. (P = MC).  At this point, the market price does not exceed the marginal costs (costs of factors of production).  When = P > MC, it shows that the benefits of producing more goods exceed the production costs, to the benefit of the society.   However, if P < MC, then the social costs of producing the goods exceed the social benefits, signalling that the economy should produce less.

4 0
3 years ago
What is gdp expressed in constant, or unchanging, prices called?
horsena [70]
The GDP expressed in constant, or unchanging prices is called real GDP. 
Real GDP or Real Gross Domestic Product is the measurement of the value of economic output modified for the changes of prices like inflation or deflation.  This modification will transform the measure of the money-value, nominal GDP, into an index intended quantity of total output.
4 0
3 years ago
Read 2 more answers
The confirmation of customers' accounts receivable rarely provides reliable evidence about the completeness assertion because:__
vlada-n [284]

Answer:d

Explanation:maybe

6 0
2 years ago
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