Answer:
B) aliceland has an absolute advantage, but not comparative advantage, in producing food.
Explanation:
Aliceland has absolute advantage in the production of food because it produces more food (32) than Georgeland that produces (16). Aliceland doesn't have a comparative advantage because both lands have the same comparative advantage in the production of food.
Comparative advantage of Aliceland in food production = 16 / 32 = 0.5
Comparative advantage of Georgeland in food production = 8 / 16 = 0.5
Aliceland has absolute advantage in the production of food and cloth but no comparative advantage in either.
Georgeland doesn't have absolute or comparative advantage in the production of food and clothes.
I hope my answer helps you
Adel could easily just pawn the watch from cash but might not have a 500$ even, I say its B.
Answer: B. Capitalized in the machine account
Explanation:
To capitalized an equipment or asset in this case a machine, is to put the equipment on the balance sheet of expensing. When a piece of equipment is bought for $500 , rather than to report it as a $500 expense immediately, it will be listed in the balance sheet as a $500 asset.
The machine in this case the machine increased it production capacity by 25% without expanding its useful life, the cost of improvement is " capitalized in the machine account ".
Answer:
correct option is C. Economies of scale
Explanation:
we know here that Margaret expend his business by 20 more people
so we can say according to given this is Economies of scale because
Economies of scale is cost advantage that the business can be exploit by the expand scale of production in long run
and effect is reducing long run average cost of production over the range of output and lower cost is improvement of productive efficiency
it can feed in form of lower market prices
they give business competitive advantage in the market and lead to lower price but high profit
so we can say correct option is C. Economies of scale
The demand for air travel between two cities doubles. The elasticity of the supply of air travel between these cities will <span>become more elastic, the longer the time since demand doubled</span>. Elasticity is the responsiveness between supply or demand when nothing changes but the price. In this situation, the demand for air travel between two citifies doubled, so, the traveling is elastic because even though the demand rose, so did the price, but the demand didn't start to drop.