These countries can gain from trade because norway has an absolute advantage producing fish oil.
Answer:The formula for calculating marginal product of labour is output/no of workers
Explanation:For each day ,you will divide the output by the number of workers to get the MPL
Day 1 = _ because no production took place
Day 2 = 60/1=60
Day 3 = 100/2 =50
Day 4 = 130/3 = 43.3
Day 5 = 150/4 =37.5
Day 6 =160/5 =32
This in in line with the law of diminishing marginal product of labour .
Answer:
(D) $ 1,450
Explanation:
The ending balance in allowance for uncollectible accounts is calculated by the following equation.
Opening Balance + Allowance for the year - Receivables written off = Ending Balance
$ 1,610 + $ 1,590 (0.5 % of sales on credit, $ 318,000 *0.5%) - $ 1,750 ( Receivables written off) = Adjusted allowance for uncollectible accounts <u>$ 1,450</u>
The amounts collected are not relevant in calculating the ending balalnce
This system can help a business monitor quantitative business factors
Inventory and transaction systems
Explanation:
The Inventory and transaction systems are usually there to report on the tangible benefits of the transaction that are being made and the commerce that is happening for the business over all.
These inventories are thus to be deigned and computed in the manner that would best align with the interest of the company and the firm that is needed for the quantitative business.
Quantitatively, one would need substantial data and this can provide it well.
