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2 years ago

Discuss any four ways in which Specialization has

Business

1 answer:

pishuonlain [190]2 years ago

4 0

Answer:

Specialization has helped in these four ways:

1. Has created economics of scale in Nigeria, which improve economic efficiency and increase output while reducing average costs at the same time.

2. Has improved the agricultural sector, which continues to be very important for the Nigerian economy.

3. Has helped bring the electrification of the country.

4. Has helped raise the standard of living in the country, because in general terms, the larger the economy, the higher the standard of living.

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Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water Inc. reacquired

nordsb [41]

Answer:

treasury stock 1,645,600 debit

cash 1,645,600 credit

--to record he purchase of TS--

cash 925,000 debit

treasury stock 850,000 debit

additional paid-in TS 75,000 debit

-to record sale of TS above their cost--

cash 760,500 debit

additional paid-in TS 35,100 debit

Treasury Stock 795,600 credit

Explanation:

<em><u>treasury stock cost:</u></em>

24,200 shares x $68 each = 1,645,600

sale of TS

proceeds: 12,500 x $74 =925,000

cost: 12,500 x $68 = 850,000

additional paid-in TS 75,000

second sale of TS:

proceeds _ 11,700 x $65 760,500

Cost: 11,700 x $68 795,600

additional paid-in TS 35,100

6 0

2 years ago

Inattentive Driving. While cutting class and driving off campus to check on her new dress for the upcoming formal, Molly, a busy

nataly862011 [7]

Answer:

C: Civil law and private law only

Explanation:

This won't be part of Public law as it generally works on the relationship between civilians and the government. However, in such a case, the matter can be sought privately, between molly and the owner of the car she damaged.

Obviously,. due to state laws in place that prohibit using a cell phone while driving this might also become a civil law situation.

4 0

3 years ago

Suppose that a competitive firm hires labor up to the point at which the value of the marginal product equals the wage and that

almond37 [142]

Answer:

$20

Explanation:

Calculation for the marginal cost of producing an additional unit of output

Using this formula

Marginal cost=Wage per week/Marginal product of labor

Let plug in the formula

Marginal cost= $700 per week/35 units per week

Marginal cost= $20

Therefore the marginal cost of producing an additional unit of output is $20

3 0

2 years ago

What do the income effect, the substitution effect, and diminishing marginal utility have in common?

Sveta_85 [38]

Answer:

They all help explain the downsloping demand curve

Explanation:

The options to the question wasn't provided. The complete question can be in the attached image.

The demand curve slopes downward from left to right. This indicates that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Income effect is a change in quantity demanded when real income change. Quantity demanded increases when real income increases and decreases when real income falls.

Substitution effect says that consumers would substituite to the consumption of a cheaper good when the price of a good originally consumed increases.

Diminishing marginal utility states that as consumption increases, utility derived from consumption falls and quantity demanded falls.

I hope my answer helps you

3 0

3 years ago

Susan wishes to buy gasoline and have her car washed.She finds that if she buys 9 gallons of gasoline at $2 per gallon,the car w

3241004551 [841]

Answer:

$0.50

Explanation:

Marginal cost is the additional expense associated with consuming, selling, or producing one extra unit. For Susan, the marginal cost is the extra cost incurred by purchasing the 10th gallon of gasoline.

To obtain the marginal cost:

The cost of 9 gallons plus cash wash

=(9 x $2) + $1.50= $19.50

cost of 10 gallons plus cash wash

=(10 x $2) cash wash is free= $ 20

The extra cost associated with the additional unit (marginal cost)

= $ 20- $ 19.50

=$0.50

3 0

2 years ago