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3 years ago

When countries trade, their consumers have access to

Business

2 answers:

Sunny_sXe [5.5K]3 years ago

6 0

Answer:

When countries trade, their consumers have access to "more" goods at cheaper prices, workers will produce "more" goods for export, and countries will become "interdependent."

Explanation:

Plato

irakobra [83]3 years ago

4 0

Answer:When countries trade, their consumers have access to raw goods at cheaper prices, workers will produce better goods for export, and countries will become Richer..

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__________ is credited with being the first restaurant to franchise.

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3 years ago

Suppose Nicholas owns a business making Christmas tree ornaments. Currently, he makes 300 ornaments a month. At this level of pr

Fudgin [204]

<u>Solution and Explanation:</u>

1. MC = Cost of raw material + Cost of time

MC = 5 plus (10 divide by 2)

MC = $10

2. TFC = $300

Q = 300 , AFC = TFC/Q = 300 divide by 300 = $1

3. His profit maximizing output would be higher

Reason: P = MR = $15 , MC = $10

Since MR > MC, and at the profit maximizing point MR = MC, it is better for Nicholas to increase his output.

4. His profit maximizing output would be higher

Reason: P = MR = $15 , MC = $4 + $5 = $9

Since MR > MC, and at the profit maximizing point MR = MC, it is better for Nicholas to increase his output.

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3 years ago

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3 years ago

What are the six basic step of the problem solving process? HURRY I NEED THIS QUICK

SSSSS [86.1K]

Answer:

1) identify your problem: Try to describe the problem as much as possible, as opposed to focusing on the potential consequences or implications of the problem.

2) Pin point the problem

3) so that means you should do research based on the problem ^

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5)see how the problem could affect you or others

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3 years ago

Read 2 more answers

Zoie makes 2 products from a common input. Each product may be sold at the split-off point or processed further. The following i

Ymorist [56]

Answer:

Zoie

The minimum amount the company should accept if Product 1 is sold at the split-off point is:

= $30,000.

Explanation:

a) Data and Calculations:

Product 1 Product 2

Allocated joint processing costs 21,200 35,700

Sales value at split-off point 38,100 19,200

Costs of further processing 17,000 19,900

Sales value after further processing 30,000 28,300

The minimum amount the company should accept if Product 1 is sold at the split-off point is $30,000.

b) Further processing of Product 1 does not make economic sense. Zoie should sell the product at split-off point at $38,100. Similarly, based on the facts provided, Product 2 hardly deserves further processing.

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3 years ago