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vova2212 [387]
3 years ago
7

When a smaller country with fewer resources specializes its production and gains access to larger, international markets, this c

an create
Business
1 answer:
KATRIN_1 [288]3 years ago
6 0

Answer:

Economies of scale.

Explanation:

In Microeconomics, economies of scale can be defined as cost reductions or cost advantages that arises when a business entity is increases its production or are large in size.

This ultimately implies that, when an organization chooses a convenient scale of operation or reduce its scale of production, this would lead to a reduction in the cost of production and consequently, some benefits such as lower long-run average cost, increased sales, profits and lower cost price for the consumers of these finished products.

Generally, economies of scale arise when a smaller country with fewer resources specializes its production and gains access to larger, international markets. This is so because having a good number of professionals and experts would increase the level of production or output, as they are quite conversant with the best method of production, time management and efficiency.

Hence, when a smaller country with fewer resources specializes its production and gains access to larger, international markets, this can create economies of scale.

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Customer World provides services to customers and allows customers to pay by credit card. On Thursday, a customer purchased a ca
Triss [41]

Answer:

The answer is $1.55

Explanation:

From the question above, we have the following:

Money spent by customer = $65

Transaction fee = $0.25

Percentage charge = 2% of the total charge

We calculate the total transaction fee as follows:

2% of $65 will be = 0.02 X $65

=> $1.3

Recall that there is a transaction fee = $0.25.

Therefore, total transaction fee:

$1.3 + $0.25

=> $1.55

6 0
2 years ago
Dehnert Midwifery's cost formula for its wages and salaries is $2,030 per month plus $409 per birth. For the month of May, the c
notsponge [240]

Answer:

The Answer is A. $47,838.

Explanation:

8 0
3 years ago
What industries are presented in your community. How would you define the economic health of your community based on the industr
Igoryamba

Answer:

The healthcare industry can be explained as the medical industry or healthcare industry. It represent to the health economy.

Explanation:

The industries that are represented in the community are the combination of integration aggregation sectors. These sectors provide the economic system to the society or community. For finance, the healthcare industries ae very important. These care the building blocks of economy of a country. The healthcare industry consists of Hospitals, mental and dental practice activities, midwives, nurses, psychologist, psychiatrist. These industries as grow as the people get employment. Healthcare industry is the big tycoon profession that help government in their economic growth. Many employment will occur due to these industries.

7 0
3 years ago
Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first qu
rosijanka [135]

Answer:

Option (a) is correct.

Explanation:

For February,

Opening inventory would have been:

= 25% of February

= (25% × $89,000)

= $22,250

Ending inventory would have been:

= 25% of March

= (25% × $59,000)

= $14,750

Hence,

Cost of goods sold = Opening inventory + Purchases - Ending inventory

$89,000 = $22,250 + Purchases - $14,750

Purchases = $89,000 + $14,750 - $22,250

                  = $81,500

Therefore, the budgeted purchases of inventory in February Year 2 would be $81,500.

4 0
3 years ago
The Federal Reserve System performs many functions, but its most important one is
oksian1 [2.3K]

Answer:

b. controlling the money supply.

Explanation:

The main function of the federal reserve is to control the money supply. This is accomplished through expansionary or contractionary monetary policies, in which the Federal Reserve influences the amount of economy in the economy by controlling its supply. An open marketing policy, ie selling and buying securities, for example, is used to control the amount of currency in the economy.

8 0
3 years ago
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