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Masja [62]
3 years ago
9

Country A is an extremely efficient producer of tin. However, its climate and terrain makes it difficult to produce corn. Accord

ing to the theory of comparative advantage, Country A should:__________.
Business
1 answer:
Advocard [28]3 years ago
7 0

Answer:

Theory of comparative advantage states that a country has a comparative in a production of certain commodities if the opportunity cost of producing these commodities is lower than the other countries.

Here, it is given that country A is a efficient producer of tin and there are some difficulties in producing corn. So, country A have to concentrate on the production of Tin and purchase the corn from any other efficient producer.

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Glumhoff​'s Packaging Department had the following information at July 31. All direct materials are added at the end of the conv
katovenus [111]

Answer:

Explanation:

The total equivalent units of direct materials and conversion costs for the month has been computed and attached.

Note that the conversion cost for the ending work in process was calculated as:

= $35,000 × 28%

= $35,000 × 0.28

= $9,800

Check the attachment for further analysis.

6 0
3 years ago
When the price of a textbook falls by 4 ​percent, the quantity demanded of textbooks increases by 5 percent. What is the price e
just olya [345]

Answer:

The price elasticity of demand for textbooks is 1.25

Explanation:

Price elasticity of demand is given by percentage change in quantity demanded divided by percentage change in price

Percentage change in quantity of textbooks demanded = 5%

Percentage change in the price of a textbook = 4%

Price elasticity of demand for textbooks = 5% ÷ 4% = 1.25

5 0
3 years ago
The four seasons spa and salon has retained a marketing consultant to assist them with its annual strategic planning retreat. Sh
Alecsey [184]

Firms are known to have goals. the first activity the organization should pursue as part of its strategic planning process is to;

  • Review or establish the organization's mission and goals.

<h3>What is the mission and goals of the Organization about?</h3>

The mission of any firm is said to show or depicts the organization's past and present by using or stating why the organization exists.

It also talks about the role a firm plays in society. Goals are said to be some key aims that organizations have to pursue so as to reach their visions and missions.

The best goals are regarded as SMART. which means: specific, measurable, achievable, realistic, and time-bound.

Learn more about organization's mission from

brainly.com/question/4269555

6 0
2 years ago
Assume for the United States that the opportunity cost of each airplane is 50 cars. Which of these pairs of points could be on t
Natasha2012 [34]

Answer: b. (200 airplanes, 12,500 cars) and (150 airplanes, 15,000 cars)

Explanation:

The opportunity cost of an airplane is 50 cars. This means that if the number of planes produced were reduced by 50, the number of cars should increase by:

= 50 * 50

= 2,500 cars.

In option B, the airplanes were 200 and then reduced by 50 to 150. This led to an increase in cars of:

= 15,000 - 12,500

= 2,500 cars

Option B therefore satisfies the constraints and is correct.

5 0
3 years ago
Which of the following would result if the business purchased supplies on credit?
White raven [17]
C. supplies would increase, and accounts payable would increase
6 0
3 years ago
Read 2 more answers
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