Nations trade because of the comparative advantage that exists between them. That is, countries have different factor endowments and technological progress. As such, if a country can produce a certain good at a relatively lower autarky price or opportunity cost than other goods, better than other countries, it uses it to exchange for goods produced at better levels in other countries.
Answer:
$18,750
Explanation:
Discountonwarranty=Priceofwarranty−Offerprice
=$140−$115
=$25
TotalSellingpriceallocatedtowarranty=Estimatedwarrantyunitspurchased×
Discountonwarranty
=750×$25
=$18,750
<span>The salary of the chief financial officer would be classified as an administrative cost, whether for a manufacturing company or other company. Administrative costs include the salaries of most of the employees of a company.</span>
<span>One of your goals you have set for your company is to expand our product line the statement is not clear and it's not measurable. The product line is the concentration of the same products which are categorized from the same brand. </span>
Answer:
The correct answer is option B.
Explanation:
If an economy is working well below capacity this means there is huge amount of unused resources left. Resources or inputs at this point will be available at a relatively lower price. So the firms will be able to expand output at a cheaper rate.
When the demand for inputs increase the input price will not increase much. So, the firms will be able to increase output and the price level will not increase by a great extent.