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3 years ago

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4. Although bananas are grown in almost one hundred countries worldwide, Ecuador and Costa Rica are among the world's largest ba

nana growers due to their climate. These countries have a(n) _______ in the production of bananas.

1 answer:

Anestetic [448]3 years ago

7 0

Answer:

Comparative advantage

Explanation:

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The economic inefficiency of a monopolist can be measured by the A. area above marginal cost but beneath demand from the monopol

Reil [10]

Answer:

The correct answer is option D.

Explanation:

A monopoly firm is neither productively nor allocative efficient. The reason behind this is that it does not utilize the resources efficiently and produces below the socially optimal level of output.

Unlike perfect competition, which produces at the point where price equals marginal cost, a monopolist produces at the point where the price is greater than marginal cost.

This inefficiency is visible through the decrease in consumer surplus and deadweight loss. The difference between socially optimal level of output and monopoly output also represents inefficiency. The value of the goods and services that could have been made if monopolist chose to produce at a socially optimal level also shows inefficiency.

7 0

3 years ago

You have two options for how to spend the afternoon. you can either go see a movie with your roommate or work as a tutor for the

erma4kov [3.2K]

Answer: Economic Surplus : $12

Explanation: Economic surplus is the difference between benefit and cost.

In this case, since he is working as a math tutor, he will get $45, there is no other cost. But if he goes for a movie, he will have to spend $12 on movie, which is the cost he needs to bear. The economic surplus is $12 which is not spent on the movie and worked as a math tutor.

5 0

3 years ago

The following are selected 2020 transactions of Astin Corporation. Sept. 1 Purchased inventory from Encino Company on account fo

masya89 [10]

Answer:

inventory 50,000 debit

accounts payable 50,000 credit

--to record purchase of goods--

accounts payable 50,000 debit

notes payables 50,000 credit

--to record teh issued promissory note to setle the account--

cash 50,000 debit

discount on note payable 4,000 debit

notes payable 54,000 credit

--to record the discounted note--

Explanation:

a) we record the purchase as always.

b) we are trading a liability for another. We do not receive for the note.

c) we discount on the note and we are goind to declare the interest expense at maturity or year-end against this discount.

5 0

3 years ago

A company is considering opening a new product line. The building being considered will have a monthly lease and utility payment

abruzzese [7]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total fixed costs:</u>

Total fixed costs= 3,500 + (120*2*15)

Total fixed costs= $7100

<u>Now, using the following formula, we can determine the break-even point in units:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 7,100 / (100 - 40)

Break-even point in units= 118.33 = 119 units

<u>Finally, the number of units to earn $10,000 in profit:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (7,100 + 10,000) / 60

Break-even point in units= 285

4 0

3 years ago

What is the difference between federal purchases and federal expenditures? A. The difference between federal purchases and fede

Diano4ka-milaya [45]

Answer:

D

B

C

Explanation:

Federal purchases are purchases of goods and services and it is required that the government receives a good or services in return, whereas federal expenditures is the sum of government purchases including transfer payments.

In relation to GDP, Federal purchases have decreased by almost half since 1960.

In relation to GDP, Federal expenditures have increased since 1960.

3 0

4 years ago