Answer:
The Absolute Advantage Theory assumed that only bilateral trade could take place between nations and only in two commodities that are to be exchanged.
Explanation:
In economics, the principle of absolute advantage refers to the ability of a party (an individual, a firm, or a country) to produce more of a good or service than competitors while using the same amount of resources.
Answer:
maximum
Explanation:
The newsvendor model may be defined as the mathematical model which is characterize by the fixed prices as well as the uncertain demand for the perishable products. This model is mainly used to determine the optimal inventory level.
According to the newsvendor model, there is only one opportunity to order. The cost of buying large quantities of the products may result in disposing them or selling the products at a lower price.
The optimal ordering quantity is maximum when the underage cost is higher than the overage cost.
The table shows that price of J will be $12, the quantity demanded of A will be 700, and the marginal revenue of E is 7.
<h3>How to calculate the values?</h3>
The price of J will be:
= Total revenue / Quantity demanded
= 14400/1200
= 12
The quantity demanded of A will be:
= Total revenue/Price
= 11900/17
= 700
The marginal revenue of E will be:
= (13500 - 12800)/(900 - 800)
= 700/100
= 7
The variable cost of B will be:
= 6140 - 500
= 5640
The total cost of C will be:
= 6135 + 500
= 6635
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Answer:
$5,000 favorable
Explanation:
The computation of the total variable overhead variance is given below:
= Budgeted machine hours allowed for actual output × Budgeted variable overhead rate per machine hour - Actual total variable overhead
= 32,000 hours × $2.50 - $75,000
= $80,000 - $75,000
= $5,000 favorable
Since the favorable is more than the actual so it should be favorable
Answer:
C. Teach procedures for stacking items in straight, even loads.
Explanation: