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trapecia [35]
3 years ago
14

to have ____ advantage means to be able to produce more using the same resources. To have _____ advantage means to have a lower

______. Comparative advantage is the basis for ______. It is _____ for one producer to have a comparative advantage for every good
Business
1 answer:
Anestetic [448]3 years ago
3 0

Answer:

Absolute, Comparative, Opportunity cost, Gains of trade, Not possible

Explanation:

The terms that will be filled in these blanks are economic terms that are used often in the business. The completed sentences have been written below -

  • To have absolute advantage means to be able to produce more using the same resources.
  • To have comparative advantage means to have a lower opportunity cost.
  • Comparative advantage is the basis for gains of trade.
  • It is not possible for one producer to have a comparative advantage for every good.
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After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $11,500 price, but financing
aksik [14]

Explanation:

I = Prt

I = (10000)(.11)(4) = $4400

Total Cost = Down Payment + Principal Borrowed + Interest

Total Cost = 2000 + 8000 + 4400

= $14,400

Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments

Monthly Payment = (10,000 + 4400) / 48

= $300

APR= (2 × n × I) / [P × (N + 1)]

APR = (2 × 12 × 4400) / [10,000 × (48+1)]

= 21.55%

3 0
3 years ago
Burton Company uses a normal costing system. The company uses direct labor-hours as the cost-allocation base. The following info
densk [106]

Answer:

the allocated direct manufacturing overhead costs of Job 56 is $25

Explanation:

Overheads in manufacturing process are allocated to jobs or products using cost drivers or surrogates.

<em><u>First Step : Determine the Pre-determined Overhead rate</u></em>

Pre-determined Overhead rate = Budgeted Overheads / Budgeted Activity

                                                    = $2,000 / 800

                                                    = $ 2.50 per labor hour

<em><u>Step 2 : Determined the Amount of Overhead allocated to Job 56 based on labor hours utilised</u></em>

Overhead for Job 56 = Pre-determined Overhead rate × Hours Used

                                     = $ 2.50 × 10

                                     = $25

3 0
3 years ago
When a market’s annual growth rate falls below 10 percent, a star will become a dog if it still has the largest market share?
mezya [45]
That statement is false

according to <span>IX Boston Consulting Group Model, a star will became a<em> cash cow</em> </span><span>if it still has the largest market share under this circumstances.
This means that the company still making enough cash for its employees and still enjoy a pretty high-profit margin.

</span>
3 0
3 years ago
Allison and josh are partners in a business. allisons capital is $60,000, and joshs capital is $100,000. profits for the year ar
solmaris [256]
Hi there

The share of profit and loss based on their proportion of their capital
Total capital is
100000+60000=160000

Allison's share of profit is
80,000×(60,000÷160,000)=30,000

joshs share of profit is
80,000×(100,000÷160,000)=50,000

Good luck!
4 0
3 years ago
In the model of the money supply process, the Federal Reserve's role in influencing the money supply is represented by
myrzilka [38]

Answer:

both the required reserve ratio and the market interest rate (A)

Explanation:

The Federal Reserves influences the money supply by manipulating required money banks deposit reserve ratio, market interest rate and open market operations. If the Federal reserves wants to increase the supply of money, it will reduce the required reserve ratio by banks. Thus commercial bank would have more money at their disposal to lend to clients.

Also, the Federal Reserves, which is the apex bank and regulator of ALL bank, play the role of ''lenders of last resort'', hence they lend money to commercial banks, when they are constrained financially, by this, banks are able to lend to customers with ease.

Furthermore, the Federal reserves also buys and sells securities, which it uses to either increase the supply of money or reduce the supply of money in the economy, and can use this model to also address economic problem such as inflation.

6 0
3 years ago
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