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3 years ago

According to the theory of comparative advantage, consumers in all nations can consume more if there are

Business

1 answer:

Oksanka [162]3 years ago

8 0

Answer:

no restrictions on trade

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation." where he asserted that countries can become better off by specializing in what they do or produce best and eliminate trade barriers (restrictions).

This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).

Hence, according to the theory of comparative advantage, consumers in all nations can consume more if there are no restrictions on trade.

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Use this information for Rylan Corporation to answer the question that follow. Rylan Corporation received an offer from an expor

kondaur [170]

Answer:

What is the amount of the income or loss from acceptance of the offer?

b. $25,000 loss

Explanation:

If the company has a variable cost of $11 for each unit produced, then the gross margin to cover the fixed cost it's ($16 - $11 = $5), but the company has a fixed cost of $5 for each unit produced, means that the company loss $1 for each unit sold to the exporter.

The the company has a loss of $1 * 25,000 Units= $25,000

4 0

3 years ago

a marketer must understand potential buyers’ needs and wants to be able to address and satisfy them. there are two key questions

nadezda [96]

A marketer is a person whose primary responsibility is to promote and sell the products and services produced by a manufacturer.

The two key questions the marketer needs to ask are:

<em>how do potential buyers go about making purchase decisions?</em>

<em>how do potential buyers go about making purchase decisions?What influences a potential buyer's decision process and in what way?</em>

1. A marketer is responsible for making research and determining how potential buyers make decision on the choice of product to purchases.

2. The marketer also think about what factors influence the decision making of the buyer and the decisions no are taken.

Therefore, the marketer works on those two questions in order to ensure increase in sales and profit if the manufacturer.

brainly.com/question/24819989

5 0

2 years ago

Tetradic Solutions has been making purchases from Ribbon, Inc., for the last three years. Every three months, it makes the same

nalin [4]

Answer: modified rebuy

Explanation:

Tetradic's situation can be defined as the modified rebuy. Modified Rebuy refers to a purchasing situation whereby an individual or organization buys goods that they've bought before but then changes the supplier or some elements in the previous order.

Based on the question given, Tetradic Solutions alters his purchase as the order was modified. In modified rebuy, the specifications of the product, prices, and suppliers can be changed as well.

3 0

3 years ago

The perfectly competitive firm's short-run supply curve is the Group of answer choices upward-sloping portion of its average tot

allochka39001 [22]

Answer:

Portion of its marginal cost curve that lies above its average variable cost curve.

Explanation:

This is explained to be the portion of its marginal cost curve because marginal gross benefits exceeds marginal cost, the firm can earn greater profits by increasing its output.

These profits are been maximized by choosing to supply the level of output where its marginal revenue equals its marginal cost. When this revenue is below the said marginal cost, money is lost, and consequently, it must reduce its output. Profits are however utilized when the firm chooses the level of output where its marginal revenue equals its marginal cost.

4 0

3 years ago

Pacific Packaging's ROE last year was only 6%; but its management has developed a new operating plan that calls for a debt-to-ca

Firdavs [7]

Answer:

13.75%

Explanation:

Calculation for what will be the company's return on equity

First step

Asset Turnover Ratio= Net Sales / Total Assets ------(1)

Given Asset Turnover Ratio =2.7

=> 2.7 = 4,000,000/ Total Assets (from equation 1)

=>Total Assets = 1,481,481 ------(2)

Second step

ROE = Net Income / Equity

Net Income = (EBIT - Interest Charges) *(1-tax rate)

Net Income = (356,000 -168,000) *(1-35%)

Net Income = $122,200 --------(3)

Equity = Total Assets *(1-debt ratio)

Equity = 1,481,481*(1-0.4) = $888,889 --------(4)

From equation 3 and 4

ROE = Net Income / Equity

ROE= 122,200/888,889

ROE =0.1375*100

ROE=13.75%

Therefore ROE will be 13.75%

5 0

2 years ago