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Evgesh-ka [11]
3 years ago
15

If a country's P X/ P Y in autarky is less than the P X /P Y on the world market, then this country has a comparative advantage

in the ________ good, and, if the country now engages in international trade and moves along its production-possibilities frontier, its production of the X good will ________.
Business
1 answer:
LUCKY_DIMON [66]3 years ago
3 0

Answer:

  • production of X good
  • increase

Explanation:

Production of good X over production of good Y (PX / PY) represents the opportunity cost of producing good X instead of good Y. The lower the ratio, the lower the opportunity cost. A lower opportunity cost results in a comparative advantage in the production of good X.

If the country starts to trade it will need to produce more of good X in order to exchange for other goods.

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Hence the answer shall be Allowance for doubtful debts accounts


6 0
4 years ago
Melbourne Company uses the perpetual inventory method. Melbourne purchased 500 units of inventory that cost $4.00 each. At a lat
ra1l [238]

Answer:

$1,200

Explanation:

Calculation to determine what the amount of ending inventory appearing on the balance sheet will be:

First step is to determine the units in ending inventory

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5 0
3 years ago
Suppose that a company is a price taker and sells its product for $15 each. This tells us that the firm is participating in the
galben [10]

Answer:

perfect competition; equal to $15

Explanation:

A Perfect competition industry is characterised by :

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2. Prices are equal to marginal revenue and average revenue.

3. plenty buyers and sellers.

4 free entry and exist of firms.

A monopolistic industry is chartcerised by :

1. Firms that are price makers.

2. Plenty buyers and sellers.

3. Price and average revenue are less than the marginal revenue

A monopoly is characterised by :

1. Firms that are price makers.

2. One seller

3. Price and average revenue are less than the marginal revenue

6 0
3 years ago
List the factors that influence the price of labor
liraira [26]
Im not completely sure bc i dont see anything other than letters so im gonna say B
4 0
3 years ago
A customer owns a convertible subordinated debenture, convertible into common at $25 per share. The bond is currently trading at
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Answer:

c:40:1 OR B:32:1

Explanation:

3 0
3 years ago
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