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Katen [24]
3 years ago
8

According to the factor-endowment theory, international specialization and trade cause a nation's cheap resource to become cheap

er and a nation's expensive resource to become more expensive. True or false?
Business
1 answer:
pychu [463]3 years ago
3 0

Answer:

False

Explanation:

Factor endowment policy states that a country would be abundant in a resource which most utilize the factor with which the country is excessively blessed or endowed with.

For example, in producing a particular good, out of all the factors of production, labor is most required. If the country is blessed or endowed with high supply of skilled labor, then the country would eventually turn out to be amongst the top producers of that good.

As per the theory, international specialization and trade would cause a nation's cheap resources (abundant initially) to become expensive and expensive resources (which were scarce earlier) to become cheaper.

Thus, the given statement is false.

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Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Ja
GenaCL600 [577]

Answer:

Results are below.

Explanation:

Giving the following information:

Miles Driven Total Cost

January 10,000 $17,000

February 8,000 13,500

March 9,000 14,400

April 7,000 12,500

<u>To calculate the variable cost per unit and the total fixed cost, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (17,000 - 12,500) / (10,000 - 7,000)

Variable cost per unit= $1.5

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 17,000 - (1.5*10,000)

Fixed costs= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 12,500 - (1.5*7,000)

Fixed costs= $2,000

3 0
3 years ago
at what point described below will producer surplus most likely drop to zero for a firm? a.) when the firm is taking a significa
kherson [118]

(B) When revenue equals opportunity and variable cost, then the producer surplus most likely drops to zero for a firm.

<h3>What is revenue?</h3>
  • The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue.
  • Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line."
  • A company's overall earnings or profit are referred to as income or net income.
  • Although both revenue and profit are positive indicators for your company, they are not the same thing.
  • The producer surplus for a firm will probably reach zero when revenue equals opportunity costs and variable costs.

Therefore, (B) when revenue equals opportunity and variable cost, then the producer surplus most likely drops to zero for a firm.

Know more about revenue here:

brainly.com/question/16232387

#SPJ4

3 0
1 year ago
You are reviewing a prototype refrigeration system developed by a Mexican manufacturing firm. The firm is eager to do business w
larisa [96]

Answer: i would say we will love to to do business with you however your product is UN safe. if you can make your product safe we will do bushiness with you.

Explanation:

5 0
4 years ago
Mow and Trim, a sole proprietorship that uses contract labor, has all of its authority centralized in a single person (the owner
dsp73

Answer:

Simple Structure

Explanation:

According to my research on different organization structures, I can say that based on the information provided within the question Mow and Trim is an organization with a Simple Structure. This type of structure has few rules, little work specialization and departmentalization, and the owner usually has most if not all control/authority in the organization.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
4 years ago
Museum curators are a tourism career.<br> A. <br> True<br> B. <br> False
tester [92]

Answer:

B.false

Explanation:

Curators are in charge of a collection of exhibits in a museum or art gallery. Their job is to build up collections, often in specialist areas. Curators develop ways in which objects, archives and artworks can be interpreted, through exhibitions, publications, events and audio-visual presentations.

6 0
3 years ago
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