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Alika [10]
2 years ago
15

Why does anyone decide to produce or sell something?

Business
1 answer:
Oliga [24]2 years ago
3 0
Make Profit and be successful
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Which method are managers using when they use their judgment to classify costs as​ variable
oksian1 [2.3K]

Answer:

Account Analysis

Explanation:

The estimation of different costs associated with the product is know account analysis. In this method the cost is measured into three categories as below

  1. Variable cost
  2. Fixed Cost
  3. Mixed Cost

All these costs are calculated using linear algebra as below

Y= B + MX

where

Y is the total costs of product

B = Fixed Cost of the product

M = Variable cost of the product

X = Number of Units

5 0
3 years ago
Why would a monarch from one country be interested in hiring an explorer from a foreign country?
Vedmedyk [2.9K]
<span>An example would be King Ferdinand of Spain having Columbus do his exploring for him. It is two fold, in that the riches or the conquering acquires land or resources and it is a show of power, more wealth equals more power. The explorer being from a foreign country is another feather in the cap, showing that they have an edge over that country and that the countryman was willing to go elsewhere and work for a competitor.</span>
6 0
3 years ago
The principle of comparative advantage asserts that a. the world price of a good will prevail in all countries, regardless of wh
Free_Kalibri [48]

Answer:

b. countries can become better off by specializing in what they do best.

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."

Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.

This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).

5 0
3 years ago
For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms m
Alex787 [66]
The answer is that the given statement is True.
When firm has achieved greatest creation limit, firm should make extra speculation to extend generation plants and to accomplish this , firm should build the costs of the item which will influence the supply versatility.
5 0
3 years ago
Read 2 more answers
Which of the following statements is true in the context of selecting the best alternative? a. The decision maker can only selec
Assoli18 [71]

Answer:

d. The decision maker must only stick to completely rational, mathematical analysis while selecting an alternative.

Explanation:

It is most ideal for a decision maker to stick to completely rational way of selecting an alternative as this means that the decision maker will only make choices that will be of maximum benefits and low costs. Factors such as personal feelings, or sense of obligation do not interefere when a decision maker sticks to completely rational and mathematical analysis method of decision making.

7 0
3 years ago
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