1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solong [7]
3 years ago
8

Suppose that the united states and canada each produce only two products, televisions and food. The united states can produce 10

0 televisions a day, 150 pounds of food a day, or any linear combination in between. (for example, it could choose 100 televisions and no food, 50 televisions and 75 pounds of food, or 150 pounds of food and no televisions.) canada can produce 300 televisions a day, 330 pounds of food a day, or any linear combination in between. Which of these trades could make both the united states and canada better off?
Business
1 answer:
Alex3 years ago
6 0

Answer: Trade between the two countries is beneficial when United States trade food to Canada and Canada would trade televisions to the United States.

Explanation: In international trade, each country will produce a good in which it has a comparative advantage (lower opportunity cost).

Opportunity cost of food is,

Unites states = \frac{100}{150} = 0.66

Canada = \frac{300}{330} = 0.90

Opportunity cost of television is,

Unites states = \frac{150}{100} = 1.5

Canada = \frac{330}{300} = 1.1

Since, opportunity cost of food is lower in the United states, United states will export food.

Opportunity cost of television is lower in Canada, Canada will export television to the United States.

You might be interested in
Rafner Manufacturing identified the following budgeted data in its two production departments. Assembly Finishing Manufacturing
miss Akunina [59]

Answer:

1. $53.75 per direct labor hour

2. $80.625 per machine hour

Explanation:

Total manufacturing overhead costs= $1112500+$500000  = $1612500

Total direct labor hours= 11000+19000=30000

Total machine hours= 5000+15000=20000

1.       Company’s single plantwide overhead rate based on direct labor hours

= Estimated overhead costs/Estimated direct labor hours

=$1612500/30000 =$53.75 per direct labor hour

2.       Company’s single plantwide overhead rate based on machine hours

= Estimated overhead costs/Estimated Machine hours

=$1612500/20000 =$80.625 per machine hour

3 0
3 years ago
Read 2 more answers
Julie is trying to determine why there are such dynamic fluctuations in the conversion volume of her online website in the past
Klio2033 [76]

Answer:

Option D

Explanation:

Review of full history would include impressions share report which can be used to analyse loss of visual impression share, reason for loss can be identified and proper solution is administered.

3 0
3 years ago
Walton Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in th
tangare [24]

Answer:

Total estimated cost $148,680

Fixed cost $20,680

Explanation:

Using the high-low method to estimate the amount of fixed cost that is incurred each month

Units Cost

High 207 153,160

LOW 38 45,000

Difference 169 108,160

Variable cost per unit= 108,160/169

Variable cost per unit= 640

Fixed cost = 153,160-207*640

Fixed cost = 20,680

Total estimated cost= 200*640+20,680

Total estimated cost=128,000+20,680

Total estimated cost=148,680

Therefore Total estimated cost will be $148,680 and Fixed cost will be $20,680

4 0
3 years ago
Scott owns a welding business in alabama. every year, when he meets with his accountant to file his tax returns, he claims that
kykrilka [37]
For a loss to be shown on his tax return, the total expenses (prices of goods, supplies, transportation and so on) must be larger than the sale or revenue. 
Since he's always showing profit, this means that his revenue his more.

Scott may be including some illegitimate factors (factors that are not usually included in the calculation) in his calculations. These factors may lead to hypothetical loss for him.
8 0
4 years ago
Read 2 more answers
Anderson Products Inc., a large conglomerate, took over a small startup company that had made some breakthrough innovations in t
Whitepunk [10]

Answer: Acquisition

Explanation:

 The Acquisition is one of the type of method that helps in acquiring the various types of business strategies for manage the business for achieving the given target.

 The main objective of the acquisition in the business is that it helps in achieving the desirable goal and helps in finding the various types of strengthening characteristics of the firm.

According to the given scenario, the Andersen products Inc, is one of the small startup based company and they gaining the access for managing the organization technology and also the human capital.

Therefore, This transactional process is refers as the acquisition method.  

4 0
3 years ago
Other questions:
  • Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $21,500. Its estimated residual value was
    7·1 answer
  • 1. Use the given th term rules to find given<br>sequence 3n+ 1 (5th and 7th term)​
    6·1 answer
  • What did economic liberalism stand for​
    7·1 answer
  • On june 1, 2017, james places in service a new automobile that cost $40,000. the car is used 60% for business and 40% for person
    9·2 answers
  • An investment offers a total return of 14.0 percent over the coming year. Janice Yellen thinks the total real return on this inv
    12·1 answer
  • What type of fiscal policy calls for a decrease in government spending and an increase in taxes?
    14·1 answer
  • For february, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising e
    13·1 answer
  • Annabey Inc., a small candy manufacturing company established in 1937, now has several large units that sell unique flavors of c
    10·1 answer
  • Stephen is a day trader who constantly buys and sells only medical-related stocks. Stephen has _____ asset allocation strategy a
    12·1 answer
  • Which risk factors would the nurse teach a client about to prevent pelvic inflammatory disease (pid)? (select all that apply.)
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!