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scoray [572]
3 years ago
11

The phrase gains from trade refers to the: increase in total output that is realized when individuals specialize in particular t

asks and trade with each other. profits obtained from sales of a good or service. gains that one obtained by taking advantage of an uninformed buyer and selling at a higher than average price. gains that one obtains by taking advantage of a temporary discount, or sale price.
Business
1 answer:
Nana76 [90]3 years ago
7 0

Answer:

increase in total output that is realized when individuals specialize in particular tasks and trade with each other.

Explanation:

gains from trade in economics can be regarded as net benefits that an

economic agents derived as a result of of voluntary trading between the agents, it can be also regarded as high change in lower tariffs of consumer and producer surplus. It should be noted The phrase gains from trade refers to increase in total output that is realized when individuals specialize in particular tasks and trade with each other.

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Use the Internet to research different outside financing sources available to entrepreneurs. You will need to have at least thre
Scrat [10]

Answer:

Three sources of financing to a business includes;

1) Angels (National Angel Capital Organization, NACO)

Wealthy and experienced retired industry leaders, that invest in startups, require transparency, and take charge of the supervision of the business management practices

2) Business Accelerator or Incubators (MaRS; MaRS Discovery District)

An incubator provide enabling environment and resources for startups to develop ideas before going into production

3) Bank Loans (Business Development Bank of Canada, BDC)

Bank provide loans to startup with a good idea and an accompanying excellent business plan, and personal guarantee

Explanation:

8 0
3 years ago
A craftsman named William Barnes builds two kinds of​ birdhouses, one for wrens and a second for bluebirds. Each wren birdhouse
Ahat [919]

Answer:

The objective function is to minimize cost thru use of linear programming

Explanation:

A craftsman named William Barnes builds two kinds of​ birdhouses, one for wrens and a second for bluebirds. Each wren birdhouse takes 4 hours of labor and 4 units of lumber. Each bluebird house requires 2 hours of labor and 12 units of lumber. The craftsman has available 72 hours of labor and 120 units of lumber. Wren houses yield a profit of $ 10 each and bluebird houses yield a profit of $ 15 each. The aim of the objective function for William should be to ▼ Minimize Maximize the objective value.

The objective function is to minimize cost thru use of linear programming

3 0
3 years ago
Keeping your _____ and _____ in mind will dictate what you say and how you say it. A. Mood, interest C. Age, experience B. Mom,
Shkiper50 [21]

A. Mood, interest.

Keeping your MOOD and INTEREST in mind will dictate what you say and how you say it.

7 0
3 years ago
Read 2 more answers
During a reporting period, a computer manufacturing company used raw materials of $50,000, had direct labor costs of $75,000, an
sammy [17]
<span>To calculate the cost of goods sold we use the following formula:
 beginning inventory + the cost of goods purchased or manufactured = cost of goods available ending inventory.
 Since there was no beginning balance in inventory account and all goods were sold we can assume that cost of goods = total costs for the period. Adding up all costs for the period comes to $173,000.</span>
3 0
3 years ago
How does economic efficiency relate to the gains of consumers and producers? a. It a market economy, when the demand for a good
Lelechka [254]

Answer: Option (D) is correct.

Explanation:

The economic efficiency is achieved at a point where demand curve and supply curve intersects each other. This point is known as market equilibrium. The area under the demand curve and above the equilibrium price level is known as consumer surplus.

The area above the supply curve and under the equilibrium price level is known as producer surplus.

Hence, the combine area of consumer surplus and producer surplus have to maximized to have a economic efficiency in an economy.

7 0
3 years ago
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