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vivado [14]
3 years ago
6

Specialization and trade are closely linked to_____.

Business
1 answer:
lesya [120]3 years ago
6 0

Answer: The correct answer is "a. comparative advantage.".

Explanation: Specialization and trade are closely linked to <u>comparative advantage.</u>

The comparative advantage is the ability of a person, company or country to produce a good using relatively less resources than another.

The concept of comparative advantage is one of the basic foundations of international trade.

The theory of comparative advantages postulates that each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production.

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The average fixed cost curve a. always declines with increased levels of output. b. always rises with increased levels of output
Zolol [24]

Answer: a. always declines with increased levels of output.

Explanation: the average fixed cost curve graphically illustrates or shows the relation between average fixed cost a firm incurs in the short-run production of a good or service, and the quantity produced. The average fixed cost curve always declines with increases in the level of output resulting in a negatively sloped curve. This is to say that the average fixed cost is relatively high at smaller quantities of output, which then declines as the level of production increases--the more output increases, the more average fixed cost declines. Why this occurs is that a given fixed cost is spread over an increasingly larger quantity of output and as such, firms can profitably charge a lower price with increased output.

7 0
3 years ago
Engler Company purchases a new delivery truck for $55,000. In addition, the sales taxes are $4,000. Engler also paints on the lo
uysha [10]

Answer:

$61,390

Explanation:

Calculation to determine What does Engler record as the cost of the new truck

Using this formula

Cost of new truck=Purchase price+Sales tax, painting +Logo on the side of the truck +Safety testing +Tune up and oil change

Let plug in the formula

Cost of new truck=$55,000 + $4,000 + $1,600 + $290 +$500

Cost of new truck= $61,390

Therefore what Engler will record as the cost of the new truck is $61,390

6 0
3 years ago
During _____ processes for a new project, the organization recognizes that a new project exists, and completes a project charter
never [62]

Answer: (D) Initiating

Explanation:

The Initiating processes is one of the phase in the project management life cycle that is necessary for defining the existing project's main objective, success criteria and also the outcome.

The initiating processes helps in providing the effective information or data that is necessary for the developing the project. It is also refers top the process for obtaining the authorization for the given project.    

 According to the given question, the initiating processes recognizing all the existing projects and also complete all the project charter as part of recognition process.  

 Therefore, Option (D) is correct answer.

5 0
2 years ago
Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.
Bumek [7]

<u>TRUE</u>

<em>Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.</em>

<em><u></u></em>

4 0
3 years ago
Read 2 more answers
4800 ounces of salt, 9600 ounces of flour, and 2000 ounces of herbs. A bag of mild herb chips needs 2 ounces of salt, 6 ounces o
Zepler [3.9K]

Answer:

2A + 3B  ≤ 4800

Explanation:

Given:

Let A is mild herb chip

Let B is Spicy herb chip

  • A bag of mild herb chips needs 2 ounces of salt
  • A bag of Spicy herb chips requires 3 ounces of salt

So the total ounces of salt need to use for A and B is:

2A + 3B

and we only have 4800 ounces of salt, so the constraint for salt is:

2A + 3B  ≤ 4800

6 0
3 years ago
Read 2 more answers
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