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liraira [26]
2 years ago
8

The land, labor, capital, and related production factors that a nation possesses are called _______.

Business
1 answer:
fomenos2 years ago
3 0

Answer:

<em>The land, labor, capital, and related production factors that a nation possesses are called </em>

<em><u>resource</u></em><em><u> </u></em><em><u>endowments</u></em><em><u> </u></em><em><u>theory</u></em>

Explanation:

<em>The </em><em>land,</em><em> </em><em>labor</em><em>,</em><em> </em><em>capital</em><em>,</em><em> </em><em>and </em><em>related </em><em>produc</em><em>t</em><em>ion </em><em>factors </em><em>a </em><em>nation</em><em> </em><em>possesses</em><em> </em><em>the</em><em>o</em><em>ry </em><em>developed</em><em> </em><em>by </em><em>Eli </em><em>Hecksch</em><em>e</em><em>r </em><em>and </em><em>Bertil </em><em>Oh</em><em>lin </em><em> </em><em>at </em><em>the </em><em>Stockhol</em><em>m</em><em> </em><em>School </em><em>of </em><em>Economics</em><em> </em><em>suggest</em><em>a</em><em>s</em><em> </em><em>that </em><em>difference </em><em>in </em><em>resource </em><em>endowments</em><em> </em><em>will </em><em>make </em><em>developed</em><em> </em><em>countries</em><em> </em><em>more </em><em>likely</em><em> </em><em>to </em><em>trade </em><em>with</em><em> </em><em>d</em><em>eveloping </em><em>countries</em><em> </em><em>whose </em><em>resources</em><em> </em><em>endowments</em><em> </em><em>are </em><em>likely</em><em> </em><em>to </em><em>be </em><em>very</em><em> </em><em>dissimilar</em><em>,</em><em> </em><em>than </em><em>with</em><em> </em><em>other</em><em> </em><em>developed</em><em> </em><em>countries</em><em> </em><em>whose </em><em>endowments</em><em> </em><em>are</em><em> </em><em>similar</em><em>.</em><em> </em>

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EA15.
alexgriva [62]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

flexible budget:

direct materials of $2 per unit

direct labor of $3 per unit

manufacturing overhead of $1 per unit.

Fixed costs are $35,000.

20,000 units:

Total direct material= 2*20,000= 40,000

direct labor= 3*20,000= 60,0000

overhead= 1*20,000= 20,000

Total manufacturing costs= $120,000

Fixed costs= 35,000

Total product costs= $155,000

25,000 units:

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Total manufacturing costs= $150,000

Fixed costs= 35,000

Total product costs= $185,000

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