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san4es73 [151]
3 years ago
15

Look at the examples, and then determine which type of advantage each one describes.

Business
2 answers:
muminat3 years ago
8 0

Answer

A producer can provide cable service more cheaply than another producer(Absolute Advantage)


A producer can produce salads while giving up fewer opportunities to make sandwiches than another producer(Comparative advantage)


A producer can create more car parts than another producer, while using the same number of resources(Absolute Advantage)

Explanation

Absolute advantage is the ability of a producer to utilize the same amount of resources in the production of goods and services than the competitors. Here the producer gives a lower cost per unit than the other parties producing a similar good. For example in case 1 and 3.

A comparative advantage occurs when a producer is able to utilize fewer resources, at a lower opportunity cost to produce goods. When there is an increased production of one good, less of another product is produced. A comparative advantage will allow a company to sell products and services at a lower price that others and reach stronger sales margins. For example in case 2.



lara [203]3 years ago
4 0

Answer:

<span> 1) If a producer can provide cable service more cheaply than another producer, it is an</span> absolute advantage.<span>
2) If a  producer can produce salads while giving up fewer opportunities to make sandwiches than another producer, it is a</span> comparative advantage.

3) If a  producer can create more car parts than another producer does,  using the same number of resources, the price per unit is cheaper and it is an absolute advantage.

Absolute advantage<span> is the ability of a person, a  country, company or region to produce a good or service at a cheaper price per unit than another entity producing the same good or service.</span>

Comparative advantage<span> is the ability of a person, a  country, company or region to produce a specific good or service more efficiently (lower opportunity cost)  than another entity to produce the same good or service.</span>

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Answer: $74.60

Explanation:

For people who are paid biweekly, 1 withholding allowance = $161.5

4 withholding allowances = $646

Earnings after deducting withholding allowance = $1,846 - $646

Earnings after deducting withholding allowance = $1,200

For a married person who is paid biweekly, the percentage applicable to David's pay bracket is 10% on the amount over the $454

That is, 10% on $746 ($1200 - $454)

=$74.60

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3. Balancing utility and price Suppose Tim has to choose between purchasing high-definition televisions and juice. Which of the
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Answer: Option (C) is correct.

Explanation:

The following rule should be use to choose the optimal quantities of two goods:

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\frac{MU\ of\ Juice}{MU\ of\ HDTVs} =\frac{Price\ of\ Juice}{Price\ of\ HDTVs}

From the above equation, we can predict that marginal utility from the last TV is greater than the marginal utility obtained from the last gallon of juice. We know that Juice is less expensive as compared to the price of TV.

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3 years ago
Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the b
Anna71 [15]

Answer:

The following statements are true about the chart of accounts:

a. Different companies use different charts of accounts based on individual company need.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

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b. The chart of accounts contains the balance of all of the accounts in a ledger.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

d. The chart of accounts can be ordered in any sequence because they are not formal financial systems.

The explanation of the answer is now provided as follows:

A chart of accounts can be described as a list of financial accounts that an accountant sets up for an organization and makes available to the bookkeeper for inputting transactions into the general ledger.

Therefore, the chart of accounts for each account type should be organized in a logical sequence. Depending on the needs of the business, different organizations employ different charts of accounts.

Based on the explanation above, the following statements are true about the chart of accounts:

a. Different companies use different charts of accounts based on individual company need.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

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Answer:

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