If an embargo is placed by England on France, England will produce more bread and France will produce more cheese.
<h3>What is a comparative advantage?</h3>
A country has comparative advantage in production of a good if it produces at a lower opportunity cost when compared with other countries. Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.
A country that has a comparative advantage in the production of a good should produce that good and import the goods for which it does not have a comparative advantage in its production.
If an embargo is placed, countries would not be able to trade so they would have to increase the production of goods they would have otherwise imported.
To learn more about comparative advantage, please check: brainly.com/question/25139916
#SPJ1
Answer:
The equilibrium may increase, decrease or remain the same.
Explanation:
If more students attend college they will need textbooks, so the demand for textbooks will increase. This will cause the demand curve to shift to the right.
At the same time, as paper becomes cheaper, the cost of producing textbooks will get reduced. This will increase the supply of new textbooks. This increase in supply will cause the supply curve to shift to the right.
If textbook authors accept lower royalties the cost of production for textbooks will decrease, so the supply will increase.
If fewer old textbooks are sold, the demand for new textbooks will increase.
This increase in both demand and supply of textbooks will increase the equilibrium quantity of textbooks. But the change in equilibrium price depends on the proportionate change in demand and supply.
If both demand and supply increase by the same proportion, the equilibrium price will remain the same.
If demand increases more than the supply, the equilibrium price will increase.
If supply increases more than demand, the equilibrium price will fall.
Answer:
13.86%
Explanation:
WACC = cost of equity x percentage of equity + (cost of debt x percentage of debt x ( 1 - tax rate))
0.65 x e + (9 x 0.6 x 0.35) = 10.90
cost of equity = 13.86%
Total physical units to be accounted for are equal to "started (or transferred) into production plus the units in beginning work in process".
<u>Option: D</u>
<u>Explanation:</u>
The division of physics known as mechanics, that develops the fundamental physical units. The conceptual progression is from the definition of motion to the movement causes (forces and torques), and then to the action of forces and torques.
Using the similar units on both sides to an equation may not ensure the equation is right, but having separate units on both sides of an equation would surely confirm that it is incorrect. So, reconciling units in problem-resolving is a best practice as one test on the work's accuracy.
Answer:
d. The company will take on too many high-risk projects and reject too many low-risk projects.
Explanation:
Weighted Average Cost of capital is the firm's is the rate which a firm has to pay to the lenders of fund. There can be different WACC for different projects as the WACC is based on the business risk. The beta factor can be different for all projects and since it is dependent on the nature of project and the risk it involves.