Answer:
The answer is d. Work in Process account.
Explanation:
Work-In-Process (WIP) refers to the materials that have started the production process, but have not yet been completed. The work-in-process inventory account is an asset account that is used to track the cost of the partially finished goods.
The strongest barriers to entry effectively block all potential competition.
What's an example of a barrier?
The definition of a barrier is anything, both herbal or manmade, that continues something from passing through. An example of a barrier is a fence. Ice shelf. A high fence of stakes enclosing the vicinity wherein a match of knights become held; lists.
What does it suggest to set barriers?
A barrier is an strive at blockading intimacy or growth in a dating.
What is a barrier to mastering?
A barrier to learning is some thing that stands within the manner of a toddler being able to study correctly. A learner may additionally experience one or extra obstacles to mastering throughout his or her schooling.
What are the 4 types of barriers?
Permit's explore 4 classes of barriers to powerful conversation inside the administrative center (language boundaries, inclusion barriers, cultural barriers, and environmental barriers).
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Answer:
Spain has a comparative advantage in the production of olives and;
Austria has a comparative advantage in the production of fish
9 pounds of fish per crate of olives (being more favorable to Spain)
6 pounds of fish per crate of olives (being more favorable to Austria)
Explanation:
Spain renounce to 5 pounds of fish to produce olives while Austria to 10
threfore is much better in competitive term for Spain as the opportunity cost is lower
The opposite is true for Autria regarding fish production. is better producing that as renounce to less olives than Spain
Austria will sale above purchase olive for less than 10
while Spain will sale for more than 5
Given this requirement there are two options which allow for trade and generate gain for both countries.
Answer:
Italy has a comparative advantage in the production of cheese
Explanation:
Suppose that Italy and Sweden both produce rye and cheese.
Italy's opportunity cost of producing a pound of cheese is 5 bushels of rye while Sweden's opportunity cost of producing a pound of cheese is 10 bushels of rye.
<u>By comparing the opportunity cost of producing cheese in the two countries, you can tell that Italy has a comparative advantage in the production of cheese because it has a lower opportunity cost (as a matter of fact half the cost) in comparison with Sweden.</u>
<u>Comparative advantage is an economic term that refers to an economy's ability to produce goods and services at a lower opportunity cost than that of trade partners</u>