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Tom [10]
3 years ago
15

Suppose that France and Germany both produce fish and olives. France's opportunity cost of producing a crate of olives is 4 poun

ds of fish while Germany's opportunity cost of producing a crate of olives is 10 pounds of fish. By comparing the opportunity cost of producing olives in the two countries, you can tell that __________ has a comparative advantage in the production of olives and _______ has a comparative advantage in the production of fish.
Business
1 answer:
Genrish500 [490]3 years ago
4 0

Answer:

France

Germany

Explanation:

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

France has a lower opportunity cost in the production of olives compared to Germany.

It means that Germany would have a lower opportunity cost in the production of fish when compared to France.

I hope my answer helps you

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_______ is using outside consultants to assess organizational processes such as workflow, informal intra-unit relationships, and
olganol [36]

Answer: process consultation

Explanation: process consultation is using outside consultants to assess organizational processes such as workflow, informal intra-unit relationships, and formal communication channels. Process Consultation is the creation of a relationship with the client that permits the client to perceive, understand, and act on the process events that happen in the client's both internal and external environment in order to improve the situation as defined by the client. However, A process consultant is an individual that is highly qualified professional that has deep knowledge and insights into and understands the psychological and social dynamics of working with various client systems such as whole organizations, groups, and individuals.

6 0
3 years ago
Morrison Company manufactures two products: digital cameras and video cameras. The company uses an activity-based costing system
Shtirlitz [24]

Answer:

"$127.11 per unit" is the correct approach.

Explanation:

The activity cost as per the questions will be:

Activity 1:

= \frac{30,000}{600}

= 50 ($)

Activity 2:

= \frac{45000}{900}

= 50 ($)

Activity 3:

= \frac{96600}{2400}

= 40.25 ($)

Now,

The overhead cost for digital cameras will be:

= (50\times 100)+(50\times 600)+(40.25\times 400)

= 5000+30000+16.100

= 51100 ($)

Per unit overhead cost will be:

= \frac{51100}{10000}

= 5.11 ($)

hence,

The total cost will be:

= Direct \ costs+Indirect \ costs

= 122+5.11

= 127.11 \ per \ unit ($)

4 0
3 years ago
Cost of Quality Report A quality control activity analysis indicated the following four activity costs of a hotel: Inspecting cl
irina [24]

Answer: Check attachment

Explanation:

Quality cost:

Prevention $265000

Appraisal $175000

Internal failure $20000

External failure $40000

Total $500000

Percent of total quality was calculated as:

Quality cost classification/Total

e.g. Prevention = 265000/500000 × 100 = 53.00%

Check attachment for further information.

5 0
3 years ago
GDP tends to _____. rev: 04_09_2018 Multiple Choice overstate economic welfare, because it does not include certain nonmarket ac
yaroslaw [1]

Answer:

understate economic welfare, because it does not take into account increases in leisure

Explanation:

While GDP is often used as an index to assess the standard of living of a state or country, there are a number of limitations to this indicator. GDP does not take into account entertainment, health and education costs, off-market operations, nature of the environment etc.

Therefore the second option is correct

5 0
4 years ago
Explain the advantages and disadvantages of having pollution control under local and state rather than federal jurisdiction.
tatiyna

Answer:

Explanation:

Local government officials are outraged by unfunded mandates–regulations imposed from Washington but paid for locally. For example, Montanans must clean up the naturally-occurring arsenic in the Madison River because arsenic levels coming from geysers in Yellowstone Park exceed national standards. Yet, according to Environmental Protection Agency (EPA) estimates, a person would have to consume two liters of untreated water from the source and eat 6.5 grams of fish every day for 70 years to increase his or her risk of cancer by 1 in 10,000. Towns such as Aspen, Colorado, and Triumph, Idaho, are locked in an unending battle with the EPA because it claims that hazardous waste sites (places that have old mine tailings) must be cleaned up even though the communities do not feel the risks warrant the disruptions (Stroup 1996). Federal regulations to protect endangered species and wetlands have forced property owners to stop farming, logging, and building on their property (Lund 1995)

5 0
3 years ago
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