1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nookie1986 [14]
3 years ago
5

I. Two countries produce the same goods for the same opportinity cost

Business
2 answers:
Serggg [28]3 years ago
7 0

Answer:

A

Explanation:

II only. It is advantageous to trade if two countries produce different goods for different opportunity costs, which was choice II. The choices of I, III, and IV are reasons as to why you would NOT trade.

Setler [38]3 years ago
6 0

Answer:

A) II only

Explanation:

A company or country producing goods and services at a lower opportunity costs gain comparative advantage over other firms or nations. It means the country can offer the product to the market at a lower price than any others. A lower opportunity cost implies the benefits forfeited in the production costs less.

A low cost of production or cheaper inputs makes the opportunity cost of production low. A country that can manufacture certain goods and services at a lower price should produce in bulk for the export market. Similarly, the country should import what other countries can produce at a lower price. Trading from this perspective facilitates prudent use of the factors of production.

You might be interested in
Phil, age 20, is single and can be claimed as a dependent on his parent's return. He had $150 in interest income and wages of $7
Korvikt [17]

Answer: B - $7,150

Explanation: Standard taxation is an option by IRS to reduce an inidvidual taxable income. this is subject to an individuals filling status.

Phil who is aged 20, single and who can claim a dependent on his parents tax filling return. As of 2019, his standard tax deduction is limited to his earned income plus $350.

According to the above question, Phil earns $7,000 as wages plus $150 in interest income.

From the above information, Phil has a standard tax of $7,150.

3 0
3 years ago
How to find national survey of 2000 adult citizens of a nation found that 23​% dreaded​ valentine's day. the margin of error for
trasher [3.6K]
This means that the figure might be 6.2% percent of off and there is a 90% chance of the figure being correct to 6.2%
7 0
3 years ago
Read this selection from the opening of an application message, and then answer the corresponding question.
DiKsa [7]

Answer:

Be more specific with your skill-set for the job.

Explanation:

Most of the people like to describe briefly their skills, but they do it with no details. I mean, to get attention from the owner of the company, or the manager, you need to say, since the beginning, why are you the right person for the job, because everybody says they are good for it.

In addition to it, you should explain your experience for the job and your achievements as a professional in the field.

4 0
3 years ago
Assume that the short-run cost and demand data given in the tables below confront a monopolistic competitor selling a given prod
REY [17]

Profit is maximized when Q = 4 and P = $40, with maximum profit = $90.

<u>Explanation:</u>

(a)  (i) Marginal cost (MC) = Change in Total cost (TC) by Change in output (Q)

(ii) Total revenue (TR) = Price (P) into Q

(iii) Marginal revenue (MR) = Change in TR by Change in Q

(iv) Profit = TR - TC

Therefore:

Q  TC  MC  P  TR  MR  PROFIT

0  25   60  0   -25

1  40  15  55  55  55  15

2  45  5  50  100  45  55

3  55  10  45  135  35  80

4  70  15  40  160  25  90

5  90  20  35  175  15  85

6  115  25  30  180  5  65

7  145  30  25  175  -5  30

8  180  35  20  160  -15  -20

9  220 40  15  135  -25  -85

10  265 45  10  100  -35  -165

When Q = 4, MR = $25 and MC = $15, so MR > MC. When Q = 5, MR = $15 and MC = $20, so MR < MC. Therefore,  

Profit is maximized when Q = 4 and P = $40, with maximum profit = $90.

(b)  In the long run, new firms will enter the market by being attracted by positive short run profit. Therefore in long run, demand for individual firm will decrease, price for individual firm will decrease and profit will decrease until each existing firm earns zero economic profit.

4 0
3 years ago
The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports account
zaharov [31]

Answer:

the Days sales outstanding is 49 days

Explanation:

The computation of the days sales outstanding is shown below:

Days sales outstanding is

= Average accounts receivable ÷ Credit sales × 365  days

= (($520.2 million + $486.6 million) ÷ 2) ÷ $3,749.9 million × 365  days

= 49 Days

hence, the Days sales outstanding is 49 days

We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0
3 years ago
Other questions:
  • One place where the average viewer is likely to be exposed to avant-garde cinema (or at least its influence) is in:
    7·1 answer
  • The exponential smoothing forecasting technique slowly responds to changes in the mean level of demand when A. a small alpha val
    7·1 answer
  • Discuss the following statement: "Real GDP has decreased for two quarters in a row; we definitely are living through a contracti
    15·1 answer
  • The following is the adjusted trial balance for Nadia Company. Nadia Company Adjusted Trial Balance December 31 Account No. Debi
    13·1 answer
  • Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct m
    11·1 answer
  • Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh
    5·1 answer
  • Consider the economy of Freeland, whose overall actual price index and actual output are P and Y respectively, and the natural r
    11·1 answer
  • On December 31, 2020, Berclair Inc. had 600 million shares of common stock and 7 million shares of 9%, $100 par value cumulative
    12·1 answer
  • Does anyone know anything on accounting????
    13·1 answer
  • The variance analysis cycle ______. Multiple choice question. begins with the preparation of the budget includes the investigati
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!