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umka2103 [35]
3 years ago
6

1. The advantage of trade is a very important concept in economics. In examining trade between two individuals or two countries,

you usually see at least one side specializing in the production of one good. A. What concept is most important in determining which good a person or nation will specialize in the production of
Business
1 answer:
g100num [7]3 years ago
8 0

Answer:

Comparative advantage

Explanation:

In simple words, The capacity of a country to provide a certain item or service at a lower opportunity price than its trade rivals is known as competitive advantage. A competitive edge allows a firm to sell products and solutions at a cheaper cost than its rivals while maintaining higher profit margins.

Thus, from the above we can conclude that the correct answer is comparative advantage.

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Sterling Hotel uses activity-based costing to determine the cost of servicing customers. There are three activity pools: guest c
Mademuasel [1]

Answer:

Allocated costs= $116.7

Explanation:

Giving the following formula:

The activity rates associated with each activity pool are $8.70 per guest check-in, $18.00 per room cleaning, and $3.00 per served meal (not including food).

Julie Campbell visited the hotel for a 5-night stay. Julie had 6 meals in the hotel during the visit.

<u>To allocated costs, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated costs= 8.7 + 18*5 + 3*6

Allocated costs= $116.7

5 0
3 years ago
What is a public enterprise?<br><br>answer the question ✌​
Sergeeva-Olga [200]
A public enterprise is an industrial or commercial undertaking which the government owns and manages. Also, the primary objective of such an enterprise is social welfare and upholding the interest of the general public
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3 years ago
Are there any true communist economies today? Which economies call themselves communist, and what are they actually, if not comm
Stels [109]

Hey!! Glad I can help!!!

Answer:

Today, the existing communist states in the world are in China, Cuba, Laos and Vietnam. These communist states often do not claim to have achieved socialism or communism in their countries, but to be building and working toward the establishment of socialism in their countries.

If satisfied leave a review and feel free too give me brainiest :D

5 0
3 years ago
If a​ firm's average total cost is less than price where MR​ = MC,
bekas [8.4K]

Answer:

C. the firm should produce if its price exceeds average variable cost.

Explanation:

WHen average total cost is less that price, this means you are making a profit, and since they are in the equilibrium sate with Margina revenue being equal to marginal cost, they are in the sweet spot of production, so the only thing left for them is producing if its price exceeds average variable cost, and that would maximize their profits.

3 0
3 years ago
A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to mi
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(A) $2,600

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Please see attachment .

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