Answer: We have assumed constant returns to scale.
Explanation:
Comparative advantage simply stated that an economy should produce the goods whereby the said economy has a lower opportunity cost than its counterpart.
Based on the analysis in the question, the inaccurate assumption is that we have assumed constant returns to scale. This means that an increase in the inputs such as capital and labour which are used in producction will also cause an identical increase in output. In reality, this isn't always true.
Answer:
Ashley used 87 pounds of type B coffee
Explanation:
4.3a + 5.9b = 749.80
a + b = 142
b = 142-a
4.3a + 5.9(142-a) = 749.80
4,3a + 5.9(142-a) = 749.80
4.3a + 837.8 - 5.9a = 749.80
4.3a - 5.9a = 749.80 - 837.80
-1.6a= -88
a= -88 / 1.6 = 55
55 + b = 142
b= 142- 55 = 87
That is the way we get how many pounds of type B coffee Ashley used
Answer:
I think the answer is the good has many complements.
Explanation:
I have no real idea. I just have a feeling.
Answer:
C. The actual variable overhead costs were lower than the budgeted costs.
Explanation:
Variable Overhead Cost variance =Budgeted cost - Actual Cost
where this value is positive, this is favorable, where this is negative it is unfavorable.
Actual cost = Actual hours X Actual rate per hour
Budgeted Cost = Budgeted hours for actual level of production X Budgeted rate per hour
Even if actual hours are lower than budgeted it will not lead to favorable overhead as actual rate per hour might be less.
Total variable overhead will only be favorable when net actual variable overhead cost is less than budgeted variable overhead costs.
C. The actual variable overhead costs were lower than the budgeted costs.
Two accounting equalities to maintain in transaction analysis are Assets and Liabilities + Equity.
One key element of performing accounting transaction analysis is ensuring that the accounting equation is balanced. This means that for every debit account entry, you must have a credit account entry of the same amount.
This accounting equation works as-
Assets = Liabilities + Equity
Assets- This refers to the resources of a company and includes cash and cash equivalents, accounts receivable, and inventory.
Liabilities and equity- The liabilities of a company refer to its financial obligations, such as loans, long-term debts, mortgages, and notes payable.The shareholder’s equity of a company refers to the dollar value of the company and can be calculated by subtracting its liabilities from its assets. Both liabilities and equity show how the company has financed its assets.
To learn more about transaction analysis here
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