<span>This is behavioral segmentation. The company is looking at how the consumers' behaviors are affected by the use of the products. They are also looking at what the customers are looking for in terms of results of the product and how it will benefit their lives.</span>
Complete/Correct Question:
Assume that Brad and Theresa can switch between producing wheat and producing beef at a constant rate.
Minutes Needed to Make
1 Bushel of Wheat
Brad: 10
Theresa: 6
1 Pound of Beef
Brad: 12
Theresa: 10
Brad has a comparative advantage in the production of
a. wheat and Theresa has a comparative advantage in the production of beef.
b. beef and Theresa has a comparative advantage in the production of wheat.
c. both goods and Theresa has a comparative advantage in the production of neither good.
d. neither good and Theresa has a comparative advantage in the production of both goods.
Answer:
B, beef and Theresa has a comparative advantage in the production of wheat.
Explanation:
Firstly, let's define comparative advantage.
Comparative advantage can be said to be the ability to produce a product at a far lesser rate than is obtainable.
From the above question, it can be deduced that Theresa has a comparative advantage in the production of wheat going by the huge difference in the time needed to produce wheat.
On the other hand, Brad has a comparative advantage in the production of beef. This is because the time difference in the production time of wheat isn't the same with beef and as such Brad has some advantage in this regard.
Cheers.
Answer:
External borrowing from India
Explanation:
The Government of Bhutan has planned to spend more than it collects from various revenue streams. Taxes form the biggest source of revenue for any government. The gap between a country's planned expenditure and the estimated revenue is the fiscal deficit.
The government of Bhutan finances its budget deficits through external borrowing. India is Bhutan's biggest trading partner and financier.
Answer:
Allocated MOH= $240
Explanation:
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (3,648,000 + 960,000) / 96,000
Predetermined manufacturing overhead rate= $48 per direct labor hour
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 48*5
Allocated MOH= $240
Answer:
Actual pounds used =4,350
Explanation:
<em>T</em><em>he material quantity variance</em><em> is the difference between the actual quantity of material used and the standard quantity and the difference multiplied by the standard price per quantity. </em>
<em> Pound</em>
Standard quantity 4500
Actual quantity ___y___
Quantity variance ( <u>4,500 - y favourable</u>
Variance in ($) = (4500 -y ) × $2.50
375 = 11,250 - 2.50y
2.50y = 11,250 - 375
= (11,250-375)/2.50
= 4,350
Actual pounds used =4,350
