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2 years ago

If country A has a comparative advantage in the production of good X over country B, then: _______________

1 answer:

6 0

Considering the situation described above, if country A has a comparative advantage in producing good X over country B, then: <u>the domestic opportunity cost of producing X in country A is lower than in country B.</u>

<h3>What is Opportunity Cost?</h3>

Opportunity cost is often used in economics to describe the profit lost when one choice or option is taken over another.

<h3>What is Comparative Advantage?</h3>

Comparative Advantage is the term used to describe the economy's capacity to produce a specific good or service at a lower opportunity cost than its trading competitors.

Therefore, given that country A has a comparative advantage in producing good X over country B, this equates to country A having a lower opportunity cost than country B.

Hence, in this case, it is concluded that the correct answer is option C.

Learn more about Opportunity Cost here: brainly.com/question/3611557

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Explanation:

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3 years ago

Lester's rented some equipment at a cost of $800 for Years 1 through 3 and $900 for Years 4 and 5. Which of these correctly depi

Irina18 [472]

Answer:

d. Year 3 has one cash flow in the amount of -$800.

Explanation:

Timeline arranges an event in chronological order.

When there's a cash outflow- money is being paid for something - it is represented by a negative number.

When there's a cash inflow - money is being received- it is represented by a positive number.

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I hope my answer helps you

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3 years ago

There was a traffic accident on your usual route to work this morning, so you decide to get off the freeway and drive the rest o

oksano4ka [1.4K]

Answer:

b. non programmed

Explanation:

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1 year ago

The accountant at Coronado Company is figuring out the difference in income taxes the company will pay depending on the choice o

Anna11 [10]

Answer:

The difference in tax to be paid between the two methods is $455

Explanation:

In this question, we are asked to calculate the difference in tax for the LIFO and FIFO method.

The matter of importance here is that the tax rate is 35%. We proceed as follows:

For the FIFO income, the tax rate is 35% of 8,600 = 35/100 * 8600 = $3010

For the LIFO method, the tax rate is 35% of $7,300 = 35/100 * 7,300 = $2,555

The difference in tax that would be paid between the two methods is 3010-2555 = $455

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3 years ago

Supply costs at Lattea Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,665 $28,579 April 11,461

mario62 [17]

Answer:

<em>$0.48 per client-visit; $22,856 per month</em>

Explanation:

Where,

y2 is the total cost at highest level of activity; y1 is the total cost at lowest level of activity; x2 are the number of units/labor hours etc. at highest level of activity; and x1 are the number of units/labor hours etc. at lowest level of activity

<em>Variable Cost per Unit </em>

= (28,904 -28,227) / (12,600-11,199)

= $0.48

<em> Total Fixed Cost </em>

= y2 ? bx2

= 28,904 - $0.48 * 12600

= $22,856.00

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3 years ago

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