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Irina-Kira [14]
3 years ago
13

The Republic of South Africa exports edible fruits and nuts into the common market known as the European Union, and imports from

the European Union other products which South Africa could produce but at a higher cost than what it costs the Europeans to produce. This practice follows the premise of _________________.
1. The Theory of Competitive Positioning
2. The Theory of Absolute Advantage
3. The Theory of Malthus
4. The Theory of Comparative Advantage
Business
1 answer:
Nitella [24]3 years ago
8 0

Answer:

4. The Theory of Comparative Advantage

Explanation:

The theory of comparative advantage implies that nations will partake in trade with each other, exporting goods which have a comparative productivity advantage. The theory was first proposed by David Ricardo in 1817.

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Ferkil Corporation manufacturers a single product that has a selling price of $100 per unit. Fixed expenses total $225,000 per y
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Answer:

Break-even point in units= 6,500 units

Explanation:

Giving the following information:

Selling price per unit= $100

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Desired profit= $67,500

<u>First, we need to calculate the contribution margin per unit:</u>

Break-even point in units= fixed costs/ contribution margin per unit

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<u>Now, we can determine the number of units to be sold:</u>

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3 years ago
I’ll mark the best one with 20 points !
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Explanation:

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Suppose workers notice a fall in their nominal wage but are slow to notice that the price of things they consume have fallen by
kvasek [131]

Answer:

The correct answer is <em>Temporarily low and so supply a smaller quantity of labor</em>.

Explanation:

The inflation index is a variable that takes little to be identified by people. Although the price of products may have volatile movements, a decrease in the first place will lead to "Normal" behavior, which is expected to increase in the future.

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