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katovenus [111]
3 years ago
11

According to the law of comparative advantage, both individuals and nations will be able to produce a larger joint output if eac

h productive activity is undertaken by Question 22 options: the high opportunity cost producer. the low opportunity cost producer. the producer who is able to hire workers at the lowest wage. the party that can complete the productive activity most rapidly.
Business
1 answer:
zzz [600]3 years ago
5 0

Answer:

the low opportunity cost producer. 

Explanation:

A person or nation has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries or people.

For example, let's assume country x produces either 10 Apples or 5 oranges in 1 hour while country y produces either 20 Apples or 2 oranges in one hour. The opportunity cost for country x of producing apples and oranges are 0.5 and 2 respectively. While for country y, the oopportunity cost of producing apples and oranges are 0.1 and 10 respectively.

Country y has an opportunity cost and comparative advantage in the production of Apples while country x has a comparative advantage in production of oranges.

I hope my answer helps you

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The statement that a person who scores high on the conscientiousness dimension is typically dependable, persistent, and oriented toward achievement is false. A person who score high on the  Emotional Stability dimension is typically dependable, persistent, and oriented toward achievement. This personality dimension defines the individual's <span>ability to remain stable and balanced.</span>
5 0
3 years ago
1. General Electric is famous for firing the lowest-performing 10 percent of managers each year. With its strict no-layoffs poli
AleksAgata [21]

Answer:

Firstly i will discuss General electric philosophy. So, what happens is sometimes when you don't put pressure on managers then they become lethargic and slow. For this matter they needs reminder to stay on tip of their game. But at the same time its demotivating too.

Secondly, in Valero energy they believe in psychological safety, to make their employees feel secure and safe. It has great impact on employee performance.

Actually, company's performance is not measured by profit and loss alone. It also measures by other factors like employee safety, employee motivation, impact of policies on employees and bringing positive addition to the life of employee.

General electric is high performing company in terms of profit and revenue. They follow negative reinforcement philosophy.

Both concepts eargs the employees to perform better. But one approach is better i.e to make them feel secure and make them believe that company cares for their career, future and well being. That actually motivates the employee. In return employees works wonders for that company.

In latest HR practices, many professionals are shifting from General electric philosophy to Valero energy philosophy. Because it increases productivity of employee by positive reinforcement. Which actually is better.

3 0
3 years ago
What is the standard cost of producing one 10​-pound case of roasted coffee​ beans? ​First, select the formula to calculate the
fredd [130]

Answer:

The question posted seems to be lacking in giving what the standard costing is in monetary value. However, the formula can be given.

The formula to calculate the standard cost of input:

standard cost of unit (monetary value) multiplied by the standard quantity per unit

For Example:

If the standard cost of unit is $10 then the standard cost of input will be:

$10 x 10 pounds per case

= $100 per case.

Explanation:

To calculate standard cost, you have to understand the definition of standard cost. Standard cost is the estimated cost of production for a business.

Apply the formula given to calculate the the standard cost of input. Once you have that value, you can then calculate the cost of producing a case of roasted coffee beans.

4 0
4 years ago
Which of the following integrates the functions of operations management, logistics management, supply management, and marketing
kolbaska11 [484]

Answer:

A. supply-chain management

Explanation: Supply chain management is the term used to describe the processes involved the handling of the flow of raw materials, finished goods, equipments and other supplies in order to ensure that materials are made available to the user at the right time right location and at the right quantity and Quality.

Supply chain management integrates both the operations, logistics, Marketing, supply management in order to efficiently manage or handle the flow of materials.

4 0
3 years ago
Read 2 more answers
Mason Company manufactures and sells shoelaces for $2.00 per pair. Its variable cost per unit is $1.70. Mason's total fixed cost
scoundrel [369]

Answer:

35,000 units

Explanation:

Data provided in the question:

Selling price = $2.00 per pair

Variable cost per unit = $1.70

Mason's total fixed costs = $10,500

Now,

Break even in units = ( Fixed cost ) ÷ ( Contribution per unit )

Also,

Contribution per unit = Selling price per unit - Variable cost per unit

= $2.00 - $1.70

= $0.30

thus,

Break even in units = $10,500 ÷ $0.30

= 35,000 units

8 0
3 years ago
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