Answer:
I would us the data by
Explanation:dividing the difference in the prices of similar homes between districts by the difference in test scores between districts
Answer: c. specialize in producing beer and export beer.
Explanation:
As per the Theory of Competitive Advantage posited by David Ricardo, a country should specialize in the good that it has a competitive advantage in. A country has a competitive advantage if it incurs a less opportunity cost in producing the good.
Opportunity cost of producing beer for Germany = MPLc/MPLb = 2/5
Opportunity cost of producing beer for China = MPLc/MPLb = 1
Germany has a lower cost of producing beer so they should specialize in this and export it.
Answer:
The idea behind opportunity cost is that the cost of one item is the lost opportunity to do or consume something else; in short, opportunity cost is the value of the next best alternative. Click to see full answer Herein, what is opportunity cost give example? Opportunity cost is the profit lost when one alternative is selected over another.
Explanation:
Answer:
$307,390
Explanation:
Given that,
Cost of Goods Available:
= Beginning Inventory + Net Purchases
= $140,000 + $658,000
= $798,000
Cost of goods Sold:
= [(100 - Gross profit ratio) ÷ 100] × Sales
= [(100 - 29) ÷ 100] × $691,000
= $490,610
Ending Inventory:
= Cost of goods available - cost of good sold
= $798,000 - $490,610
= $307,390
