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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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The Retained Earnings balance was $24,100 on January 1. Net income for the year was $19,900. If Retained Earnings had a credit b
padilas [110]

Answer: $17800

Explanation:

The opening balance of Retained earnings = $24,100

Net Income for the year = $19,900

Closing balance of Retained earnings = $ 26,200

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Hence, the amount of dividends declared during the year  is $17800.

4 0
3 years ago
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3 years ago
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Who is a shareholder? A Shareholder is the partial owner of the company who purchases and owns _____ in a company.
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3 years ago
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Suppose that the price of good X rises from $12.00 to $12.90, and as a result the quantity demanded of good X falls from 5,000 u
ivann1987 [24]

Answer:

The price elasticity of demand is 1.14.

The price is Elastic.

Elasticity is more than one so total revenue will fall.

Explanation:

Given the initial price of good x = $12

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% change in price = [(12.90 - 12) / 12] x 100 = 7.5 %

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3 years ago
Suppose the monopolist is thinking about charging men a 10% higher price. if the monopolist does so, the quantity demanded by me
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It would not fall at all. Monopolists own the entire industry meaning the consumers have no alternatives. If they have no alternative they have no choice but to buy even if the price increases
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