Answer: No, because all of the defendant's facilities and offices are in State A.
Explanation:
Following the information given in the question, a federal district court cannot have subject matter jurisdiction over the plaintiff's action.
In this case, there's no subject matter jurisdiction by the court as theres subject matter jurisdiction when there is full diversity of citizenship, and the amount of controversy is more tha $75,000.
Answers and explanation:
A) There's an absolute advantage when a nation can manufacture a product at a higher quality and faster pace than another. Comparative advantage is based on the opportunity cost of choosing an alternative option, which is the gain one forfeits. If one nation has a lower opportunity cost to manufacture a good than another it has a comparative advantage.
B) <em>Trade patterns can be easier identified using an absolute advantage</em> since it implies analyzing the worldwide market and determining what products are produced by different countries and at what speed regarding the demand of the product by other nations.
Answer:
Option (D) is correct.
Explanation:
Given that,
Cost = Beginning inventory + Purchases + Freight in
= 30,000 + 175,000 + 2,500
= $207,500
Retail = Beginning inventory + Purchases + Net markups
= 45,000 + 240,000 + 9,500
= $294,500
Cost to retail ratio:
= $207,500 ÷ $294,500
= 0.7046
Therefore, the cost to retail ratio is 0.7046.
Answer:
C = 100 + 0.8Y
Explanation:
$100 represents autonomous consumption. It is consumption that would take place even if income was 0.
0.8Y represents income dependent on income. The higher income is, the higher this component of consumption.
0.8 = $80/100
I hope my answer helps you