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3 years ago

2) If a country, like the US, can produce all of the goods and services needed by

Business

1 answer:

WITCHER [35]3 years ago

5 0

Answer:

See below

Explanation:

Specialization means a company or country concentrating on producing few commodities. In practice, a state or company will focus on the products it can produce more efficiently. It means focusing on goods they can manufacture at a lower cost compared to other countries.

The USA can specialize in the goods and services it can produce at a lower cost than other nations. It can then export these products to other countries at competitive prices. For products that are costly to manufacture in the USA, it is prudent to import them from countries that can produce them at lower costs.

Some products manufactured in other countries at a lower cost may be sold in the USA at fair prices than when produced in the USA.

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Explanation:

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Answer:

The amount to be paid for the contract today = $220,908.32

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<em>The amount to be paid for the contract today will be equal to the present value of the annuity of $22,500 payable for 20 years discounted at a rate of 8% per annum.</em>

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Answer:

a. Considered sunk costs, not relevant in further decision making

Explanation:

the missing options are:

a. Considered sunk costs, not relevant in further decision making
b. Considered sunk costs, but still relevant in further decision making
c. Considered a loss
d. Considered a profit

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