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Marianna [84]
3 years ago
14

Explain consumptions of the principal of absolute advantage​

Business
1 answer:
DENIUS [597]3 years ago
6 0

Answer:

The Absolute Advantage Theory assumed that only bilateral trade could take place between nations and only in two commodities that are to be exchanged.

Explanation:

In economics, the principle of absolute advantage refers to the ability of a party (an individual, a firm, or a country) to produce more of a good or service than competitors while using the same amount of resources.

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An increase in the price of gasoline will
Brums [2.3K]

Answer:

Shift the gasoline supply curve to the right.

Explanation:

in economy , A shift to the right in supply curves indicates that the supply of the product  increased, a shift to the left indicates that the supply of the product decreased.

When the price of gasoline increases, the amount of profit that the sellers can obtain by selling the product also increased.  This encouraged them to supply more of that product in the market.

4 0
3 years ago
A company deposits $3500 in a bank at the end of every year for 12 years. The company makes no deposits during the subsequent 8
Firdavs [7]

Answer:

FV= $94,108.42

Explanation:

<u>First, we need to calculate the future value of the 12 annual deposits:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {3,500*[(1.06^12) - 1]} / 0.06

FV= $59,044.79

<u>Now, the future value at the end of the 20 years (8 years more):</u>

FV= PV*(1 + i)^n

FV= 59,044.79*(1.06^8)

FV= $94,108.42

4 0
3 years ago
Concerning the classification of customers in the business market, General Motors is a(n) _________ when purchasing a mainframe
zimovet [89]

Answer:

a. <u>user</u>; <u>original equipment manufacturer(OEM)</u>

Explanation:

Business markets refer to purchase and sale of products by businesses with one another. For example, output for one business might be used as an input for another.

A business would be termed as a user when it purchases goods from another business, wherein such goods are not directly used in the manufacturing or creation of it's products.

Original Equipment manufacturer refers to a business which buys certain products and subsequently incorporates them in an altogether newer product  within it's brand name.

6 0
3 years ago
Evaluate the suitability of an overdraft compared to the other three products detailed in the case study and recommend, with rea
navik [9.2K]

I think it was just the same thing that I had to make real things I was not sending it is telling me to go abroad and get a good job in the future I would have you got to do something I am sure you would be able for that I see you have to ask question time and how you can send you after classes to be host in a way that you are looking forward to and your relationship will send you back from your experience with a new relationship and a government that needs a good job to

Explanation:

hope I help

3 0
2 years ago
Nu Company reported the following pretax data for its first year of operations. Net sales 2,950 Cost of goods available for sale
melomori [17]

Answer:

NU company.

The reason LIFO and FIFO present 2 different valuation of inventory is because of the way inventory is expensed in either methods.

LIFO stands for Last in First out. Meaning the last stock to be received should be the first to be issued to production.

If it thus shows that our costs of inventory has been increasing over the period, the inventory expensed to cost of sales will be high while the inventory balance in the balance sheet low. And the reverse if the costs of new inventory purchases have been declining.

FIFO stands for First in First out. Meaning the first inventories receives must be exhausted before we move to the receipt after that, and on and on.

If it thus shows that our costs of inventory has been increasing over the period, the inventory expensed to cost of sales will be low while the inventory balance in the balance sheet high. And the reverse if the costs of new inventory purchases have been declining

Nu company Gross Profit

Net sales $2,950

Less costs of sales:

Cost of goods available for sale 2,350

Less inventory closing 920

Costs of sales 1,430

Gross profit $1,520

Gross Profit % = $1,520 / $2,950

= 52% (c)

3 0
3 years ago
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