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3 years ago

When an economy relies on specialization,

Business

1 answer:

liubo4ka [24]3 years ago

8 0

Answer:

The correct answer is option D.

Explanation:

Specialization in the economy can be defined as the situation in which an individual or nation produces a limited variety of goods in order to increase efficiency. Specialization improves the standard of living of the people.

If an economy relies on specialization each individual will produce the goods or services that he/she specializes in or has the relatively best ability to produce.

The economy produces the good or services it has the relatively best ability to produce, it relies on trade for other goods.

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Stephen runs a pet salon. He is currently grooming 130130 dogs per week. If instead of grooming 130130 dogs, he grooms 131131

borishaifa [10]

Answer:

Profit will increase by $2.3

Explanation:

Data provided in the question:

If instead of grooming 130130 dogs, he grooms 131131 dogs

Marginal cost = $65.82

Marginal revenue = $68.12

Now,

The effect on his profits of grooming 131 dogs instead of 130 dogs will be:

Change in profit = Marginal revenue - Marginal cost

Change in profit = $68.12 - $65.82

Change in profit = $2.3

Hence,

Profit will increase by $2.3

7 0

3 years ago

The balance in Happ Inc.’s general ledger Cash account was $71,580 at September 30, before reconciliation. The September 30 bala

Dafna1 [17]

Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The preparation of the bank reconciliation statement on September 30 is presented in the spreadsheet. Kindly find the attachment below:

7 0

3 years ago

Suppose Natasha currently makes $50,000 per year working as a manager at a cable TV company. For the soap making opportunity she

valina [46]

Answer:

She should quit her job, become an entrepreneur and choose the soap making for the highest profit/ income of $70,000

Explanation:

Step 1: Calculate Natasha's annual profit if she should start the soap business

The annual profit from Soap Business = Annual Revenue - Costs for the year

The annual profit = $465,000- $395,000 = $70,000

Step 2: Calculate Natasha's annual profit if she should start the internet opportunity she anticipates

The annual profit for the internet business = Annual Revenue - Costs for the year

= $3,275,000 - $3,250,000= $25,000

Since she is to make a choice between three options,

1. Manager Job per year = $50,000

2. Soap Making= $70,000

3. Internet Opportunity= $25,000

Then she should quit her job, become an entrepreneur and choose the soap making for the highest profit of $70,000

7 0

3 years ago

1. Acme Company just had a very successful IPO. Initial shares sold at a price far above their realistic value. The “buzz” on th

Korolek [52]

The price of Acme Company's stock will likely RISE.

There is a limited number of stocks available and because the demand for the stock is high and rising, the company needs to increase its price. The increase is price will make it more valuable to potential buyers and it will serve as deterrent to those who can't afford to buy the stock at its high price.

In short: supply is low, demand is high, resulting to an increase in price.

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4 years ago

When she is not working, shelby trains to run marathons. she wishes she had more time to travel to various races but work keeps

Sergeeva-Olga [200]

Answer:

Awards match desires

7 0

3 years ago

When an economy relies on​ specialization,

When an economy relies on specialization,