Answer:
Explanation:
If Mexico and the United States faced these opportunity cost, then to benefit from trade Mexico should specialize in producing OIL–. That is, UNITED STATES– would use some of the oil it produces and export the rest to MEXICO– in exchange for sugar. In order for the trade to be beneficial to both nations, the trade ratio must be between 2 and 3– tons of sugar per barrel of oil.
It should be noted that a country whose consumers are less likely to purchase nonessential products because they have a low per-capita income is considered to be Less developed country.
<h3>What is a Less developed country?</h3>
Less developed country can be regarded as this countries that have low per-capita income.
Most of the time , their consumers are less likely to purchase nonessential products.
Learn more about Less developed country at:
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He could possibly work on power lines because it used electrify with creates energy transmission
Answer:3060000:3745000
Explanation:2160000+415000+1170000 put to a ratio of the total assets 3060000
Answer:
The Hound Dog Bus Company should not expand
Explanation:
The decision to expand should be made if the incremental (marginal) cost to be incurred is less than the incremental revenue to be earned.
Incremental revenue = $60 (given)
Incremental cost = total cost - already incurred (non-incremental) cost
= 120 - 50 = $70.
Since the incremental revenue ($60) is less than the incremental cost ($70), the company should not expand.