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dybincka [34]
3 years ago
10

Which of the following is not correct? a. The producer who requires a smaller quantity of inputs to produce a good is said to ha

ve an absolute advantage in producing that good. b. The producer who gives up less of other goods to produce Good X has the smaller opportunity cost of producing Good X. c. The producer who has the smaller opportunity cost of producing a good is said to have a comparative advantage in producing that good. d. The gains from specialization and trade are based not on comparative advantage but on absolute advantage.
Business
1 answer:
SCORPION-xisa [38]3 years ago
6 0

Answer:

b. The producer who gives up less of other goods to produce Good X has the smaller opportunity cost of producing Good X

Explanation:

<u>The opportunity cost is the cost of the best alternative.</u>

In this case, the producer uses factors (labor, raw materials, capital) to produce good X. His opportunity cost is the goods he would produce instead of good X.

A producer who gives up less of the other goods means his best alternative is lower than one who gives up more.

<em>For example</em>

if a producer can do

10 good X

or 50 of good Y

The opportunity cost for good X is 5 units of Y

if another producer can do

10 good X

or 20 of good Y

The opportunity cost of good X is 2 units of Y

For this second producer, it is more feasible to produce X than the first producer. It renounces to fewer unis of good Y

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Pursuing multiple market segments at the same time is the best way to enter new markets. Group of answer choices True False
Archy [21]

It should be noted that pursuing multiple market segments at the same time is not the best way to enter new markets. Therefore, it's false.

<h3>What is a market?</h3>

A market simply means the coming together of a buyer and seller for transactions purpose.

In this case, pursuing multiple market segments at the same time is not the best way to enter new markets. One needs to have complete knowledge before entering a market.

Learn more about market on:

brainly.com/question/25754149

7 0
2 years ago
A company’s retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cas
Alex Ar [27]

Answer:

C. $454,000.

Explanation:

We know that

The ending balance of retained earnings = Opening balance of retained earnings + net income - dividend paid

$375,000 = $0 + net income - $79,000

So, the net income would be

= $375,000 + $79,000

= $454,000

The ending balance of retained earnings - Opening balance of retained earnings is also known as increase in retained earning

6 0
3 years ago
With respect to the 4ps and marketing research which technique is out of place:_______
Over [174]

Answer:

d

Explanation:

The four P's of marketing are the foundation for which marketing stands on.

They include :

product - this is the good that is being marketed

price - what consumer pays for the good

place - this is where the good is being marketed

promotion - this are the various forms of advertising carried out for the good

8 0
3 years ago
XYZ corporation acquired two inventory items at a lump-sum cost of $100,000. The acquisition included 3,000 units of product 1P,
mina [271]

Answer:

b. $11,250

Explanation:

We are asked to know the gross profit:

gross profit: sales revenue - COGS

in this case sales revenue 1,000 units x $ 30 = 30,000

for COGS we will calculate with weighted average based on the sales price:

3,000 x 30 + 7,000 x 10 = 90,000 + 70,000 = 160,000

the cost of 160,000 dollars of sale is 100,000

we cross multiply for 30,000:

100,000 / 160,000 x 30,000 = 18,750 cost

now we solve for gross profit:

sales 30,000 - cost 18,750 = 11.250

6 0
3 years ago
Jane is not married and has no children she is 35 and owns here own home under which status is she most likely to file
uysha [10]

She would be most likely to file under SINGLE :)

Hope this helps

6 0
3 years ago
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