Answer:
Option (b) is correct.
Explanation:
According to the law of comparative advantage, a person or a country has a comparative advantage in producing a commodity if the opportunity cost of producing that good as compared to the other commodity is lower than the other country.
For example:
There are two countries; Country A and Country B. There are two goods to be produced; Computer and bottles.
Suppose the opportunity cost of producing a computer in Country A is 4 bottles and the opportunity cost of producing a computer in Country B is 6 bottles.
Therefore, the Country A has a comparative advantage in producing computers because of the lower opportunity cost of producing it.
Answer:
Thinking on the margin will ensure that each pair of inserts produced is turning a profit. Once a profit is no longer being made on a pair of inserts, production must be cut back. Understanding these margins will also help me stay competitive in a market that is open to other producers. If additional producers enter the market, I know that I have the ability to lower prices or offer discounts while still maximizing profits.
Explanation:
Answer:
Innovation for new products occurs which keeps firms competitively challenged
Explanation:
Free trade can be regarded as a
theoretical policy , that governments use when there is no imposition of
tariffs/taxes, as well as duties on imports as well as exports.
free trade can be regarded as the opposite of protectionism. It should be noted that One advantage of free trade is Innovation for new products occurs which keeps firms competitively
Answer:
$1.01 billion
Explanation:
The computation of the amount for advertising based on projected sales is shown below:
= Advertising expense ÷ sales × projected sales in next year
= $0.8 billion ÷ $15 billion × $19 billion
= $1.01 billion
First we find out the advertise to sales ratio after than we multiplied it with the projected sales in next year in order to find out the advertising based on projected sales
Answer:
Let me give you an example of a segment addition problem that uses three points that asks the student to solve for x but has a solution x = 20.
First, I assumed values for each x, y and z and then manipulated their coefficients to get the total at the end of each equation.
20 + 10 +30 = 60
40 + 0 + 40 = 80
40 + 10 = 50
Then exchangeing these numbers into values and we have the following equation.
x + 2y + 3z = 60
2x + 4z = 80
2x + z = 50 so its easy
If you will solve them manually by substituting their variables into these equations, you can get
x = 20
y = 5
z = 10
Explanation:
