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4 years ago

Select the correct definition of the term "comparative advantage."

Business

1 answer:

gavmur [86]4 years ago

4 0

Answer:

Explanation:

First of all, it's the only answer that make sense, because we're talking about competitive. So, in order to be competitive you need to offer goods or services with high quality and lower costa than the competition.

This is like a competitive rule for organisations. When a company has this ability, you can say that is a high competitive company.

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Which group would most likely dislike a city ordinance that bans loud vehicles?

weqwewe [10]

The correct answer of the given question above would be the MOTORCYCLE DRIVERS. The group that would most likely dislike a city ordinance that bans loud vehicles are motorcycle drivers. Often times, motorcycles create loud noises in the public street which create disturbance especially in those places where loud sounds are prohibited. Hope this answer helps.

3 0

4 years ago

Read 2 more answers

Boise Timber Co. computes its break-even point strictly on the basis of cash expenditures related to fixed costs. Its total fixe

JulsSmile [24]

Answer:

285,000 units

Explanation:

The computation of the cash break-even point of sales units is shown below:

Cash break-even point = (Fixed cost - depreciation) ÷ (contribution margin per unit)

where,

Fixed cost = $7,600,000

Depreciation = $7,600,000 × 0.25% = $1,900,000

And, the contribution margin per unit is $20

So, the cash break-even point of sales units is

= ($7,600,000 - $1,900,000) ÷ ($20)

= 285,000 units

8 0

3 years ago

In the short run a) a firm does not have sufficient time to change any of the resources it uses. b) a firm does not have suffici

timama [110]

Answer:

c) a firm does not have sufficient time to change the level of use some of its inputs.

Explanation:

The definition of short-run in economics is not a term to be used for a specific certain period of time but it means that the period of time is too short that the firms cannot change the level they are using of some of their inputs or costs. It means they do have fixed costs they cannot change. For example, all machinery installed, a yearly rent paid, electricity or others that the firm cannot change unless there is sufficient time. In a short period of time, it will have those costs anyway. The firm cannot change the level of that input. And it is short run of at least one input. It may be many. But it is not necessary to have all inputs unchanged to consider that period of time as short-run.

However, firms can change level of inputs if they have more time. That is cost the long run. All costs are variable costs when we are in long run.

3 0

3 years ago

1. A company expects to sell 400 units of Product X in January and then expects sales to increase by 10% per month. If Product X

Len [333]

Answer:

1. $13,240

2. 16,000 units

3. 22,000 units.

Explanation:

The question is answered as follows

Part 1: Determine the total sales for the first quarter as follows

January Sales in Units = 400 Units

February Sales Units = 400 x 110% or 1.1= 440 units

March Sales Unites = 440 x 110% or 1.1. = 484 units

Total Sales = 1,324 x $10 = $13, 240

Part 2: Determine Production In August

Production in August making use of the relevant figures

= Expected units + (Expected units in september x 80%) - Inventory on August 1

= 12,000 + (0.8 x 15,000) - 8000= 16,000 Units

Part 3: Determine the Production Units as follows

Sales Units + Closing Inventory of finished goods - The Opening Inventory of finished goods

= 20,000 units + 5,000 units - 3000 units = 22,000 units

3 0

3 years ago

Read 2 more answers

If a software package is purchased, consider a _____, which offers additional support and assistance from the vendor.

GalinKa [24]

If a software package is purchased, consider a supplemental maintenance package which offers additional support and assistance from the vendor.

Supplemental maintenance with assist in future issues while using the software. These can range from not working correctly or just needing a few tips on how to use the software. Most companies that sell software or electronics, offer these.

7 0

4 years ago