Answer:
Yes, other countries probably have a comparative advantage in the production of rice.
Explanation:
Comparative advantages are given by the opportunity costs of producing one product instead of another. In this case, the opportunity cost of producing rice in China has increased due to higher prices of fruits and vegetables.
The costs of producing a certain good are not only labor costs, but they also include capital and land costs. It is possible that other Asian countries have lower labor costs than China and therefore have comparative advantage in the production of rice. But even countries were labor is more expensive can also have a comparative advantage in the product of rice due to lower capital and/or land costs.
<span>True. Parks and natural areas provide an avenue for humans to conduct adventure programs and activities. with proper stewardship and preservation, parks and natural areas provide a conducive place for outdoor recreation and education programs that may lead to increased health, wellness, and community participation.</span>
The assertion is untrue. According to the 80/20 rule, even in times of limited resources, a company should make all efforts to produce 100% of its potential result on a particular topic.
<h3>What is implied by the 80/20 rule?</h3>
According to the Pareto principle, 20% of causes account for about 80% of the consequences for many outcomes. In other words, only a small proportion of causes result in disproportionate effects. Understanding this idea is crucial because it will enable you to decide which projects to prioritize in order to have the biggest impact.
The Pareto Principle in business describes how only 20% of a company's customers typically account for 80% of its revenue. Business owners who follow the 80/20 rule are aware that concentrating their marketing efforts on the top 20 percent will yield the best results.
One of the best ideas for time and life management is the 80/20 rule. This guideline, also referred to as the Pareto Principle, states that 80% of your results will be accounted for by 20% of your actions.
Learn more about 80/20 rule: brainly.com/question/28080786
#SPJ4
Answer:
$30,000 decrease in the net income of Fletcher Inc.
Explanation:
Product G contribution margin = Sales - Variable cost = $210,000 - $180,000 = $30,000.
Since the discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products F and H, that means the fixed cost of $50,000 on product G will continue to be incurred while Product G contribution margin of $30,000 which is currently being contributed to the net income will be lost.
Therefore, the amount of change in net income for the current year that will result from the discontinuance of Product G is a $30,000 decrease in the net income of Fletcher Inc.
The answer is C (I think)