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defon
3 years ago
7

At one time, most of the cars produced in Mexico were sold in Mexico. Today, however, Mexico both exports and imports cars. What

is a plausible explanation for this observation? How could comparative advantage explain this scenario?
Business
1 answer:
Gre4nikov [31]3 years ago
8 0

Answer:

Mexico either specialized in the production of high end cars which it exports, while it imports low end cars for its domestic market. Since Mexico is a developing country, most of the cars sold domestically will be low end cars.

Countries manufacture and export the goods which they can produce at a lower opportunity cost since they have a comparative advantage in their production. Mexico probably has a comparative advantage in the production of high end cars (specially vs. the US) which generate higher revenues.

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What is the primary responsibility of oversight bodies (such as an irb or iacuc)?
mojhsa [17]

The primary responsibility of oversight bodies (such as an IRB or IACUC) is to assess legal-regulatory compliance, and if applicable, to protect research subjects.

Responsibility can also be used to describe Group responsibility. societal accountability for businesses. Duty. obligation to pay.

Being responsible entails carrying out your obligations and accepting the consequences of your decisions. A duty is something you are required to do. Being responsible means carrying out your obligations. Taking ownership of your actions means accepting both the credit and the blame for what you have done.

Three Categories of Responsibilities Every Business Owner Must Fulfil

  • environmental obligations.
  • obligations to comply.
  • Customer obligations.

Responsibility is crucial because it gives people a feeling of purpose and helps society develop resilience in the face of hardship. Like an addiction, avoiding responsibilities may feel wonderful in the short run, but it results in misery and suffering that is tenfold worse in the long run.

To learn more about Responsibility visit here:

brainly.com/question/28903029  

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3 0
1 year ago
Condensed balance sheet and income statement data for Jergan Corporation are presented here.
IgorLugansk [536]

Answer:

Jergen Corporation

                                             2019                2020

(1) Profit margin Ratios:           13%                10%

(2) Gross profit rate               39.2%             35.7%

(3) Asset turnover                   1.06                 1.02

(4) Earnings per share         $2.63              $1.80

(5) Price-earnings ratio =       3.2x                4.2x

(6) Payout ratio =                 62%                76%

(7) Debt to assets ratio =   32%                28%

Explanation:

a) Data and Calculations:

Jergan Corporation

Balance Sheets

December 31

                                                 2020        2019        2018

Cash                                     $ 29,300    $ 17,300    $ 17,000

Accounts receivable (net)      49,900       44,100       47,800

Other current assets             90,900      96,000      63,900

Investments                           55,200      70,200      45,600

Plant and equipment (net)  500,700    370,600    358,000

                                          $726,000 $598,200 $532,300

Current liabilities                 $84,800    $79,100    $70,300

Long-term debt                    145,700     85,900      50,800

Total debt                         $230,500  $165,000    $121,100

Common stock, $10 par     348,000   320,000     312,000

Retained earnings               147,500     113,200      99,200

                                         $726,000 $598,200 $532,300

Jergan Corporation

Income Statement

For the Years Ended December 31

                                                            2020           2019

Sales revenue                                $743,000    $606,900

Less: Sales returns and allowances 40,000        29,500

Net sales                                          703,000       577,400

Cost of goods sold                          427,400       371,500

Gross profit                                     275,600      205,900

Operating expenses

(including income taxes)                 184,210        148,160

Net income                                    $ 91,390      $ 57,740

                                                     2020       2019     2018

Market price of common stock  $8.50      $7.50   $7.00

                                               2020        2019        2018

Retained earnings               147,500       113,200     99,200

Net income                         $ 91,390    $ 57,740

Dividend paid                     $57,090     $43,740

Outstanding shares             34,800       32,000

Dividend per share              $1.64         $1.37

Average Assets:             $662,100        $565,250

                    ($726,000 + $598,200)/2  ($598,200 + $532,300)/2

a) Ratios:

                                      2019                                  2020

(1) Profit margin Ratios: 13% ($91,390/$703,000)  10% ($57,740/$577,400)

(2) Gross profit rate     39.2%                                35.7%

                ($275,600/$703,000)                          ($205,900/$577,400)

(3) Asset turnover          1.06                                 1.02

                 $703,000/$662,100                          $577,400/$565,250

(4) Earnings per share $2.63 ($ 91,390/34,800)   $1.80 ($57,740/32,000)

(5) Price-earnings ratio = 3.2 ($8.50/$2.63)     4.2 ($7.50/$1.80)

(6) Payout ratio =            62% ($1.64/$2.63)     76% ($1.37/$1.80)

(7) Debt to assets ratio =      32%                             28%

                                       ($230,500/$726,000)    ($165,000/$598,200)

     

7 0
3 years ago
when the act curve is decreasing, we know that the mc curve is, and when the atc curve is increasing, we know that mc is
yuradex [85]

Answer:

When  ATC curve is​ decreasing, we know that the MC curve is

below the ATC curve​, and when the ATC curve is​ increasing, we know that MC is  above the ATC curve

Explanation:

ATC refers to average total cost and MC refers to marginal cost, these both curve derive from total cost when MC is below ATC curve it shows that MC is less than ATC at that point ATC is falling.

Likewise, when MC is above ATC curve it shows MC is grater than ATC curve and at that point ATC is rising.

furthermore, when MC is equal to ATC at that point ATC is at minimum point.

7 0
3 years ago
Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to b
Lelu [443]

Answer:

Liquor consumers

Explanation:

Price elasticity measures the degree of responsiveness of quantity demanded to changes in price. Demand is elastic if a small change in price has a great effect on quantity demanded. The coefficient of elasticity is usually greater than 1.

Demand is inelastic if changes in price has little or no impact on the quantity demanded. Coefficient of elasticity is usually less than 1.

The elasticity of demand for liquor is -0.4 while the elasticity of supply for liquor is 3.5. Therefore the demand for liquor is inelastic while the supply of liquor is elastic.

If taxes are imposed on consumers, the quantity demanded wouldn't change or change a little.

If taxes are imposed on suppliers, the quantity supplied would fall more.

Therefore , the burden of tax can be passed on more to consumers.

I hope my answer helps you.

3 0
3 years ago
Home Value Inc., Max Cart Inc., and Nice Necessities Inc. are three consumer-product retailing companies. Their products consist
ruslelena [56]

Answer:

D. Any advantage that one firm has will be short-lived.

Explanation:

With the three firms all producing the same product with similar resources in their production and distribution of their products, any advantage that a firm has over the others if any would not last long at all. This is because each firm is using similar technique in the same location. Hence, there's nothing special about one of the firms over the others.

8 0
3 years ago
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