Answer:
1. Option (A) is correct.
2. Option (C) is correct.
3. Option (A) is correct.
4. Option (B) is correct.
Explanation:
1. Mali has an absolute advantage in producing dates because it produces more number of dates than France with the same level of resources.
25 metric ton > 5 metric ton
2. No country has an absolute advantage in producing grain because both the countries are producing same amount of grain with the same level of resources.
10 metric tons of grain each
3.
Opportunity cost of producing a date in France = 10 ÷ 5
= 2 tons of grain
Opportunity cost of dates in Mali = 10 ÷ 25
= 0.4 tons of grain
Therefore,
Mali has a comparative advantage in producing dates because it has the lower opportunity cost of producing dates than France.
4. Opportunity cost of producing a ton of grain in France = 5 ÷ 10
= 0.5 dates
Opportunity cost of producing a ton of grain in Mali = 25 ÷ 10
= 2.5 dates
Therefore,
France has a comparative advantage in producing grain because it has the lower opportunity cost of producing grain than Mali.
Answer:
Method of Life cycle analogy
Explanation:
Method of life cycle analogy is the technique of the qualitative forecasting, which attempts to recognize the demand levels and the time frames for the life cycle stages of the new service or the product, and the stages are decline, introduction, maturity and growth.
These forecast of individual are then added to got the overall forecast.
Therefore, in order to develop the breakthrough product. the good selection of the technique would be the method of the life cycle analogy.
Answer:
The correct option here is D) by raising prices and increasing quantity supply.
Explanation:
If a producer knows that the product in which he or she deals is in shortage in the overall market , then the producer will increase the prices of that product because in the market its supply is less than the demand , which means producer can increase the prices of its products and consumers would have to buy the product at that price only if they want to satisfy their need . Also producer would want to increase the quantity of its products too because with high prices and more sales, the producer would be able to book higher profits.
It can be deduced that the expected monetary value (EMV) is relevant in the given situation and the way that will be used evaluate the consequences of uncertain outcomes.
<h3>What is expected monetary value?</h3>
The expected monetary value means how much money you can expect to make from a certain decision. Decision-making under uncertainty is to make a decision without knowing the possible outcome of the situation.
In this case, the decision-makers estimate the possible chance of a hurricane hitting the island and the probability distribution of the damage that will be caused by it if in case it really happens.
These are extremely difficult probabilities to estimate as the damage estimation can be both damages to property as well as damage to human beings.
In a situation such as this, it is impossible to avoid difficult trade-offs between the losses incurred by monetary losses and the losses incurred by human losses.
Learn more about monetary on:
brainly.com/question/13926715
Breaking bulk is the breaking down of large shipments of similar merchandise into smaller, more usable quantities that can be sold to consumers and end users
<h3>What is breaking bulk?</h3>
Breaking bulk can be regarded as the process involving delivering single units to retail outlets,, this is different from delivering using alot of units.
Therefore, breaking bulk involves distribution of goods and merchandise from the distribution centers using segments rather bulk.
learn more about breaking bulk at :brainly.com/question/25537936
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