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xenn [34]
3 years ago
12

Nathan and Lucas own separate tree farms that produce timber. Both farms are the same size and have the same resources available

. Compared to Lucas, Nathan grows his trees closer to one another and as a result, produces more timber. Which of the following statements is true?
a. Lucas has a comparative advantage in producing timber.
b. Lucas has an absolute advantage in producing timber
c. Nathan has a comparative advantage in producing timber.
d. Nathan has an absolute advantage in producing timber.
e. Neither Nathan nor Lucas has an absolute advantage.
Business
2 answers:
AleksandrR [38]3 years ago
8 0

Answer:

The correct answer is letter "C": Nathan has a comparative advantage in producing timber.

Explanation:

Comparative advantage can be defined as the advantage an individual, institution or country has over competitors by producing at lower opportunity costs. Having a comparative advantage does not imply the individual or country has an absolute advantage which implies industry rivals are unlikely to imitate the comparative-advantage company due to factors such as uniqueness of the raw materials or processes in production.

Thus, <em>as Nathan can grow trees closer to each other than in Lucas's farm, Nathan has a comparative advantage over Lucas since possessing farms the same size and counting on the same resources, Nathan can grow more trees and produce more timber.</em>

Mekhanik [1.2K]3 years ago
4 0

Explanation:

c. Nathan has a comparative advantage in producing timber.

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Assume the company is considering investing in a new machine that will increase its fixed costs by $42,500 per year and decrease
Semenov [28]

Answer:

The company should purchase the machine.

Explanation:

Note: The complete question is attached below

Forecasted contribution margin income statement

For the Year Ended December 31

Particulars                                       Amount$

Sales                                                2,440,000

Variable cost(10,000*185(195-10))  <u>1,850,000</u>

Contribution margin                        590,000

Fixed cost (327,600+42,500)         <u>370,100</u>

Income                                              <u>$219,900</u>

Because the income increase by $57,500 due to the pruchase, the company should purchase the machine

8 0
2 years ago
The secret to effective sales is to have a
melamori03 [73]

Answer:

Unique selling proposition (USP)

Explanation:

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It defines or means that such kind of campaigns should be made unique or distinctive propositions to the customer or clients in order to convinced them for switching or shifting the brands.

So, the secret for having a effectives sales, to have a USP (Unique Selling Propositions).

5 0
3 years ago
The fact that cmc allows low-level employees to have greater access to higher-level employees is called
masha68 [24]
It is called Affective commitment
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5 0
3 years ago
assume that autonomous consumption is $1610 billion and disposable income is $11,200 billion. Using the consumption function, ca
Viefleur [7K]

Answer:  $9,226

Explanation;

The consumption function is;

Consumption = Autonomous consumption + (Marginal Propensity to consume * Disposable income)

Marginal Propensity to Consume;

=Increase in consumption expenditure/  Increase in Disposable income

= 680/1,000

= 0.68

Consumption = Autonomous consumption + (Marginal Propensity to consume * Disposable income)

= 1,610 + ( 0.68 * 11,200)

= $9,226

6 0
3 years ago
Daniel is the owner of a footwear manufacturing company. To increase the production of footwear on a weekly basis, he orders his
alexandr1967 [171]

Answer:

According to the Blake/Mouton grid, Daniel falls under the produce-or-perish management style, also known as the authority compliance style  

Explanation:

This management style is very autocratic, very much a Theory X management style.

Daniel is very autocratic, has strict rules and policies. In the short run, this management style can achieve high productive results, but in the long run the low morale of the workers will end up hurting their performance. Daniel believes that his employees are just a means to an end, and that their needs are secondary and not important.

7 0
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