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shutvik [7]
3 years ago
9

The law of comparative advantage indicates that if a group of individuals wants to maximize their joint output, then each good s

hould be supplied by
Business
1 answer:
Hitman42 [59]3 years ago
6 0

Answer:

b. the low opportunity cost producer.

Explanation:

Here are the options to this question :

a. the person with the lowest wage rate.

b. the low opportunity cost producer.

c. the person with the most advanced technical knowledge.

d. the person that can accomplish the task most rapidly.

a country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.

for country A,

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice  = 10/5 = 2

for country B,

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans  = 10/5 = 2

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

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The bank would want to know the person’s credit history so the bank knows the person will repay the loan.
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3 years ago
Otion Inc. is a relatively new firm in the consumer electronics industry. The company's primary objective is to become the marke
muminat

Answer:

C) Internal production systems that could reduce costs by 30 percent below the current industry standards

Explanation:

VRIO can be defined as the tool used to analyze a firm’s <u>internal resources and capabilities</u> in relation to them being a source of sustained competitive advantage. It purports that organisations have to look inwards for development of competitive advantage.

VRIO is an acronym for a the four qualities that must be possessed if internal competencies must produce competitive advantage:  Value, Rarity, Imitability, and Organization.

Hence in the case of Otion Inc, the right resolve and direction is its <u>internal</u> production systems being able to reduce costs by 30% below industry standards.

The key word is internal.

7 0
3 years ago
The statement of cash flows (indirect method) reports depreciation expense as an addition to net income because depreciation
dalvyx [7]

Answer: B. reduces reported net income of the period but does not involve an outflow of cash for that period.

Explanation:

Depreciation is the wear and tear of an asset due to the use of the asset. When an asset is depreciated, such an asset is eventually sold at a scrap value.

The statement of cash flows (indirect method) reports depreciation expense as an addition to net income because depreciation reduces reported net income of the period but does not involve an outflow of cash for that period.

5 0
3 years ago
Acme Global uses a software program to scan applications for minimum qualifications. If an applicant does not meet the minimum r
harkovskaia [24]

Answer:

The correct answer is A. smart technology.

ExplanTation:

Smart technology, today it is sold in any type of electronic device, as well as a telephone, a computer, a TV, cooking utensils and household appliances in general.

This concept of intelligent technology, is justified mainly for the purpose of offering different electronic prototypes, a logical programming that reacts to stimuli that are attributed to its sensors. Something very similar to what occurs with a new brain that, in addition to receiving specific instigations, proceeds in an immediate way to generate the corresponding chords to the dictated call.

In this order of ideas, the electronic devices are endowed with sufficient capacity to understand messages such as, in the case of the cell phone or the television, the presence and use of this device by a person, as it proceeds to lower its performance by optimizing the energy that requires its operation.

6 0
3 years ago
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next seven years, because
umka2103 [35]

Answer:

The price of the stock today will be $66.19

Explanation:

To calculate the price of a stock whose dividends will grow at a constant rate forever is calculated using the constant growth model of dividend discount model approach. To calculate the price of the stock today using this model, we use the following formula,

P0 = D1 / r - g

We will first calculate the price of the stock at t=8 using D9 because we use the next period's dividend to calculate the price of a stock. We will then discount back the price at t=8 to today's price.

P8 = 14.25 * (1+0.06)  /  (0.14 - 0.06)

P8 = $188.8125

The price of the stock today will be,

P0 = 188.8125 / (1+0.14)^8

P0 = $66.189 rounded off to $66.19

3 0
3 years ago
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