Answer:
the answer should be
a. Overhead can be applied slowly as a job is worked on.
Increase price value profit becomes higher than price, what happens to a company
Answer:
Beneficiary
Explanation:
The person who gets the benefit in return for the trust is called the beneficiary.
Under this process, one person can make a profit due to the trust of the other person.
In the given question , Martin's trust will benefit given to his son Nathan.
So, Martin's son Nathan will be called the beneficiary.
Answer:
B. Opportunity Cost
Explanation:
Comparative Advantage is when an economy can produce certain goods & services at a lower opportunity cost than other trading economies.
Opportunity cost is the cost of next best option forgone while choosing a particular option.
Comparative advantage (production ability at lower opportunity cost) implies: Economy can produce a good/ service by sacrifising lesser amount of other good, than the other economy.
Example : Production Possibilities of 2 countries, 2 goods :-
Good X Good Y Opportunity Cost (Goods Ratio)
Country A 10 30 1:3 (10/30)
Country B 5 10 1:2 (5/10)
Country A can produce Good Y by sacrifising 3 units of Good X, Country B can produce Good Y by sacrifising 2 units of Good X. So, B can produce good Y at lesser opportunity cost than A. Hence, country B has comparative advantage in good Y.
