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Serga [27]
3 years ago
14

Kiddy Toys produced beautifully made stuffed animals that many customers wanted. However, the product was so expensive that most

potential customers could not afford it. Which of the following applies to this scenario?Multiple Choice
a. high efficiency and high effectiveness
b. high efficiency and low effectiveness
c. low efficiency and high effectiveness
d. low efficiency and low effectiveness
Business
1 answer:
amm18123 years ago
6 0

Answer:

The answer is: C) Low efficiency and high effectiveness.

Explanation:

The company Kiddy Toys made a great product (High effectivness) but they couldn´t produce it a reasonable cost, so it was very expensive to sell (Low efficiency). As a result they had a great toy that very few customers could afford to buy.

Sometimes a company is able to manufacture a great product, they had a terrific idea that lots of people will like and want. The problem is that if they can not manufacture that product at a low cost then they will never have high sales volumes. This is the very exact reason why most toys nowadays are created in the US but mass produced in China.  

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quizlet If a country can produce more of a good or service, it has a(n) advantage. If the country can produce a good or service
poizon [28]

If the country can produce a good or service at a lower opportunity cost, it has a comparative advantage.

<h3>What is comparative advantage?</h3>
  • In an economic model, agents have a comparative advantage over others if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to the trade.
  • Comparative advantage describes the economic reality of trade advantages for people, firms, or nations as a result of disparities in their factor endowments or technological progress.
  • (The absolute advantage, comparing output per time (labor efficiency) or per quantity of raw material (monetary efficiency), is typically considered more intuitive but less accurate – productive trade is possible as long as the opportunity costs of manufacturing commodities vary between countries.)

Therefore, if the country can produce a good or service at a lower opportunity cost, it has a comparative advantage.

Know more about comparative advantage here:

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7 0
2 years ago
Which of the following is a period during which aggregate output, as measured by real GDP, declines
Klio2033 [76]

Answer:

D. Recession

Explanation:

Aggregate output in an economy declines during a recession. This is because economic activities are declining. When such occurs GDP declines. This is different from stagflation in the sense that during a recession, only real GDP declines. However, in a stagflation, the fall in GDP also results to the increase in inflation. During recessions, economic activities are low so is price level.

4 0
1 year ago
Mikalya put 500$ in the bank. The annual interest rate is 2 percent. How much money will mikalya earn in one year?
Tema [17]

Answer:

&10

Explanation:

This is a case of simple interest.

It gotten as Interest= Prt

Where:

P=principal

r=rate

t=time

Therefore

$500×2%×1= 10

5 0
3 years ago
Montana Mining Co. (MMC) paid $200 million for the right to explore and extract rare metals from land owned by the state of Mont
algol [13]

Answer:

The beginning of the extraction activities is 14.7 million.

Explanation:

Please find the detailed answer as follows:

Present Value of Cash Flows Expected From the Project/Asset Retirement Obligation at the Beginning = (.60*10 + .40*30)*PVIF(7%,3 Years) = (.60*10 + .40*30)*.81630 = 14.7 million .

8 0
3 years ago
Arrange the steps for conflict resolution in proper sequence. Every individual involved in the conflict is encouraged to offer a
Lyrx [107]

-Individuals involved in the conflict is encouraged to come together.

-Every individual involved in the conflict expresses his or her opinion in an open manner.

-Every individual involved in the conflict is encouraged to offer a solution.  

-Discuss all the solutions and decide on the one that satisfies everyone.

8 0
3 years ago
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