If Natasha can produce either 5,000 pounds of cheese or 20 houses per year and Jameson can produce either 5,000 pounds of cheese or 10 houses per year then,
- Natasha has a comparative advantage in the production of cheese.
- Jameson has a comparative advantage in the production of cheese.
<h3>What is comparative advantage?</h3>
The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage.
The example of comparative advantage is-
- For instance, if a nation excels in producing both cheese and chocolate, they can choose to allocate the appropriate amount of labour to each product.
- This nation has a comparative advantage in producing chocolate if it takes one hour of labour to make 10 units of cheese and one hour of labour to produce 20 units of chocolate.
The importance of comparative advantage are-
- Ability to create a good or service for a lower opportunity cost is a benefit of comparative advantage.
- Companies with a comparative advantage are able to sell their products and services for less than their rivals do, resulting in higher profit margins and stronger sales margins.
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Answer and Explanation:
a. The computation of cost of ending work in process inventory for materials, conversion, and in total is shown below:-
For material = 2,080 × $15.66
= $32,572.80
For conversion = 930 × $6.23
= $5,793.90
For total cost of work in process inventory = $32,572.80 + $5,793.90
= $38,366.70
b. The computation of cost of the units completed and transferred out for materials, conversion, and in total is shown below:-
For material = 21,700 × $15.66
= $339,822
For Conversion = 21,700 × $6.23
= $135,191
For total cost of completed and transferred units = $339,822 + $135,191
= $475,013
Honestly you should answer this one yourself it seems like a question that contains your own answer
Answer:
Both provide jobs in the community
Both contribute to innovation through competition
Answer:
the return on common shares is 6.99%
Explanation:
The computation of the return on common shares is shown below:
= Dividend ÷ Stock price + growth rate
= $1.25 ÷ $27.22 + 2.4%
= 6.99%
hence, the return on common shares is 6.99%
We simply applied the above formula so that the correct value could come
And, the same is to be considered