Answer:
1. The size of the economy as a whole grows as a result of free trade.
2. Consumers benefit from free trade.
3. Free trade can reduce cost of trading:
Explanation:
The three strongest arguments that you can offer to the Indian government about why the policy shift to freer trade is desirable for India are as follows:
1. The size of the economy as a whole grows as a result of free trade: It provides for more efficient production of goods and services. This is because it encourages goods and services to be created in areas with the finest natural resources, infrastructure, or skills and experience. It boosts productivity, which can lead to greater long-term wages. There is universal consensus that growing global trade has boosted economic growth in recent decades.
2. Consumers benefit from free trade: By removing barriers and promoting competition, it lowers prices. Quality and choice are likely to improve as a result of increased competition.
3. Free trade can reduce cost of trading: Non-tariff barriers can be reduced, resulting in less red tape and lower trading costs. Companies that deal in multiple nations might reduce their compliance expenses by working with a single set of laws. In principle, this will lower the cost of goods and services.
Answer and Explanation:
The preparation of the production budget is presented below:
Projected sales units 800,000 candles
Add: Desired ending inventory, Dec 31 20,000 units
Total units available 820,000 units
Less: Estimated beginning inventory,Jan 1 -35,000 units
Total units to be produced 785,000 units
We simply applied the below formula i.e
= Sales units + ending inventory units - beginning inventory units
By applying this formula we can get the Total units to be produced in January month
Answer:
A, B.
Explanation:
A is relevant as the 400-pound remaining can be sold at market price after the special order
B is relevant as the whole 5,500 can be sold at market price instead of the special order
C is irrelevant as the cost has already been uncured
D is irrelevant
Fixed cost remained constant regardless of how many products are sold. Fixed cost is a cost behavior which always emerged regardless of the quantity product sold. Machine depreciation expense, insurance expense, and rent expense are several examples of this cost behavior. On the contrary, variable cost is an another type of cost behavior that changes relating to the quantity of the sold product.
<span>The shortest possible time an activity can be completed realistically is called crash time. In project management crash time is a method that is used to shorten the length of a project. To do this, the team will decided on a crucial part of the project they can complete in less time than normal. This speeds up the projects completion time and allows for more work to be completed. </span>
