Answer:
A
Explanation:
A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
For example, in 1 hour, country A produces 10kg of beans and 5kg of rice and country B produces 5kg of beans and 10kg of rice.
Country A has absolute advantage in the production of beans while country B has absolute advantage in the production of rice
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
The monthly overhead of the pharmacy is <u>$52,875</u>.
<h3>What is the overhead?</h3>
The overhead refers to the costs or expenses for running a business. These expenses cannot be traced to any product or service unit
They tend to be mostly fixed in nature, though, some may exhibit semi-variable characteristics.
Some of the overhead costs include:
Rent
Utilities
Insurance
Office Supplies
Travel expenses
Salaries and wages
Advertising expenses
Accounting and legal expenses.
<h3>Data and Calculations:</h3>
Monthly sales $278,000
Inventory purchases $186,000
<h3>Overhead costs:</h3>
Salaries and wages $49,000
Utilities $2,000
Insurance $1,200
Maintenance $675
Total overhead = $52,875
Thus, the monthly overhead of the pharmacy is <u>$52,875</u>.
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Answer: Rising trend
Explanation:
If the actual natural rate is 5%, it would be higher than the natural rate of 4%. This would prompt the Fed to act in such a way as to reduce unemployment in the economy. To do this, they would embark on an expansionary monetary policy to get the economy growing so that more people can be employed.
When there is more money in the economy though, people will have more to buy goods and services and this increase in demand will cause inflation to rise to reflect that there is more demand than supply.