Answer:
Correct option:
an absolute advantage in producing a good, it might or might not have a comparative advantage in producing that good
Explanation:
If a country has
- an absolute advantage in producing a good, it definitely also has a comparative advantage in producing that good.
- an absolute advantage in producing a good, it might or might not have a comparative advantage in producing that good
- a comparative advantage in production of a good, it must also have an absolute advantage in producing that good.
- an absolute advantage in producing a good, it definitely will not have a comparative advantage in producing that good.
- None of these answers is correct.
the absolute advantage refer to the quantity of output of a certain good.
if country A does 100 and B 50
then, A has an absolute advantage as it can out produce B
the competitive advantage will when the opportunity cost of making a cartain product is lower than the other.
If A can do 500 of anther goods
while B can do 50
then the comparative advantage favors B
as it cost 50 /50 = 1 good to produce the produce
while for country A it cost: 500/50 = 10 goods to produce it.
GIven this analysis, the option B will be the correct
a country with an absolute advantage might or might nothave a comparative advantage as well.
Answer:
The cost of goods sold is $68970
Explanation:
The cost of goods sold is the cost of inventory that a company sells in a partcular period.
The cost of goods sold can be calculated as,
Cost of Goods sold = Opening inventory + Purchases - Closing Inventory
Cost of Goods Sold = 16500 + 71500 - 19030 = $68970
Answer:
The BEP will decrease, which is good.
The reason is that C90B has a better profit margin than Y45E so if the sales shift toward C90B the Contribution mix margin ratio will be higher and it will be easy to pay fixed cost and make a gain
Explanation:
C90B
sales 37,000
variable expenses 9,250
contribution margin 27,750
CM 0.75
Y45E
sales 29,700
variable expenses 16,335
contribution 13,365
CM 0.45
Answer:
B) increase the risk a bank faces.
Explanation:
Off-balance sheet activities include all the bank's activities regarding assets, debts or other financing activities that are not presented in the bank's balance sheet, e.g. issuance of guarantees, commitments to make loans, etc.
Banks incur in this type of activities because generally they charge fees for them (increase revenue) without affecting measures of indebtedness like debt to equity ratio.
Answer:
The correct answer is C. are incurred even if nothing is produced.
Explanation:
Fixed costs are the cost of an organization that don´t change with the amount of production. So , if the production is 0, this cost will exist anyway. For example: taxes, rental
Then, Fixed costs can be defined as costs that are incurred even if nothing is produced.
