Which describes a way in which consumers most likely benefit from producers’ absolute advantage?.
Answers
Producers' absolute advantage allows for them to produce goods more efficiently and at lower costs than their competitors. When a producer has an absolute advantage in producing a good, they can create a higher quantity of the good at a lower cost.
This ultimately allows them to sell their products at a lower price than their competitors, making their goods more affordable for consumers.Consumers benefit from producers' absolute advantage as it allows them to purchase the goods they need and want at a lower price. Lower prices result in an increase in demand for the goods and more accessibility for consumers, which can stimulate the economy. In addition, producers who have an absolute advantage may also produce goods of higher quality than their competitors, providing additional benefits to consumers.Therefore, consumers most likely benefit from producers' absolute advantage by gaining access to quality goods at lower prices.
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Consumers benefit from producers' absolute advantage through more cost-efficient and varied goods. This is a result of more efficient production and specialization in what each country is best at producing.
Explanation:Consumers most likely benefit from producers' absolute advantage in a few ways. Firstly, absolute advantage leads to efficient production which means goods can be produced at a lower cost. This allows producers to sell goods at a competitive price, benefiting consumers with affordable products. Secondly, absolute advantage can result in a wider variety of goods as countries focus on what they're best at producing.
For example, if Country A has an absolute advantage in producing wine and Country B in producing cheese, both countries can concentrate on their specialty. They can then trade, leading to a more varied and cost-efficient market for consumers.
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Related Questions
In order to satisfy the needs and wants that people have, businesses must combine factors of production. The factors of
production are: Capital, Enterprise, Land, Labour.
Case Study:Freshz Coffee
Freshz Coffee has just opened in Dubai. FreshZ will need factors of production.
Give examples of the factors of production it will need and how they will be used.
Answers
Answer:
by utilizing the goods by their proper uses
The following picture is best described as
a(n)...
A. Organism
B. Community
C. Population
D. Ecosystem
Answers
Answer:
organism
Explanation:
a gree fish is an organism
Along an upward-sloping labor supply curve, as the wage rate increases, the opportunity cost of leisure ________, causing individuals to supply a ________ quantity of labor. A. remains constant, constant B. decreases; greater C. increases; lower D. increases; greater
Answers
Along an upward-sloping labor supply curve, as the wage rate increases, the opportunity cost of leisure rises, causing individuals to supply a higher quantity of labor.
D. increases; greater
along an upward-sloping labor supply curve, as the wage rate increases, the opportunity cost of leisure increases, causing individuals to supply a greater quantity of labor.
when the wage rate increases, individuals face a higher opportunity cost of leisure. this means that the cost of not working (i.e., enjoying leisure time) becomes more significant as the potential earnings from working increase. as a result, individuals are motivated to supply a greater quantity of labor in order to take advantage of the higher wages and maximize their income.
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the primary purpose of a consumer advisory is to let customers know that the food-service operation
Answers
The primary purpose of a consumer advisory is to let customers know that the food-service operation offers food items that may be potentially hazardous to certain groups of individuals, such as pregnant women, the elderly, and those with compromised immune systems.
The advisory is usually posted in a conspicuous location, such as a menu or a sign, and it is intended to provide information to help consumers make informed choices about what to eat. The advisory may include information about specific food items, such as undercooked meats or raw seafood, that may pose a risk to certain groups of people. The goal of the advisory is to promote food safety and prevent foodborne illnesses by providing customers with the information they need to make safe and healthy choices.
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mr. green is a local mobster who makes mr. blue pay $100 not to have his business burned to the ground. what is the status of the contract between mr. green and mr. blue?
Answers
The status of the contract between Mr. Green and Mr. Blue is that there is no contract because Mr. Green gave inadequate consideration, as he used coercion to obtain payment from Mr. Blue.
A contract requires an offer, acceptance, and consideration. In this scenario, there was an offer (not to burn Mr. Blue's business down), and acceptance (by Mr. Blue paying $100). However, the consideration provided by Mr. Green was inadequate because it was obtained through coercion (threatening to burn Mr. Blue's business down).
Therefore, there was no valid contract between Mr. Green and Mr. Blue. Coercion, or the use of threats, to obtain payment or other benefits, is illegal and can result in criminal charges.
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_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answers
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
Justin has 5 days in a work week; each day he can create elther 2 Android apps or 1 Apple app. Pallas also has 5 days to work; each day she can produce either 2 Android apps or 3 Apple apps. Justin's PPC Using the line drawing tool, draw the production possibilities curve (PPC) for Justin in the adjacent graph titled "Justin's PPC". Label your curve appropriately. Careully follow the instructions above, and only draw the required objects. Using the ine drawing tool, draw the production possibilities curve (PPC) for Pallas in the adjacent graph titled "Pallas's PPC". Label your curve appropriately. Carefully follow the insfructions above, and only draw the required objects. Using the mulitpoint curve drawing tool,draw the single production possibilities curve (PPC) for both Justin and Pallas in the adjacent graph tilled "Joint PPC. Label your curve appropriately. (Hit the Esc" koy after you have plotted your last point to exit the drawing tool) Carefully follow the insfructions above, and only dvraw the required objects. 25 Andriad apps Justin has a comparative advantage in the production of Which of the following statements explains why Justin has a comparative advantage in the production of Androld apps? o A. His opportunity cost of producing an Android app is less than Pallas's opportunity cost of producing an Android O B. His opportunity cost of producing an Androld app is greater than Pallas's opportunity cost of producing an O C. His opportunity cost of producing an Android app is equal to Pallas's opportunity cost of producing an Android apps Pallas's PPC app Android app. app Palas has a comparative advantage in the production of ?I apps. Which of the following statements explains why Pallas has a comparative advantage in the production of Apple apps?
Answers
Justin has a comparative advantage in Android app production. Pallas has a comparative advantage in Apple app production.
Justin and Pallas have different production possibilities in a 5-day work week. Justin can create either 2 Android apps or 1 Apple app per day, while Pallas can produce 2 Android apps or 3 Apple apps per day. To determine comparative advantage, we must compare their opportunity costs.
For Justin, the opportunity cost of producing an Android app is 0.5 Apple apps (1 Apple app / 2 Android apps). For Pallas, the opportunity cost of producing an Android app is 1.5 Apple apps (3 Apple apps / 2 Android apps). Justin has a lower opportunity cost for producing Android apps, giving him a comparative advantage in Android app production. On the other hand, Pallas has a lower opportunity cost for producing Apple apps (2/3 Android apps per Apple app), giving her a comparative advantage in Apple app production.
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How can I make money on the internet, List some that are easy for multiple people
Answers
Answer:
You can use some beermoney websites such as Swagbucks and RewardXP. You do surveys and tasks to earn money. I personally use RewardXP. You can cash out in PayPal, gift cards, and even prepaid gift cards that can be used as debit/credit cards. I have personally made $60 from RewardXP.
Which of the following statements correctly describes the reporting of cash? O Cash cannot be combined with cash equivalents O Restricted cash funds may be combined with cash. O Restricted cash funds cannot be reported as a current asset. O Cash is listed last in the current assets section.
Answers
The correct statement that describes the reporting of cash is that "cash cannot be combined with cash equivalents". Cash and cash equivalents are both short-term assets that can be easily converted into cash.
They are reported separately in financial statements. Cash includes physical currency, checks, and other instruments that can be deposited in a bank account. On the other hand, cash equivalents include short-term investments that have a maturity date of 90 days or less, such as treasury bills, commercial paper, and money market funds. Restricted cash funds may or may not be combined with cash depending on the nature of the restrictions. If the restrictions are temporary, then restricted cash can be combined with cash in the current assets section. However, if the restrictions are long-term or permanent, then restricted cash cannot be reported as a current asset. Cash is typically listed first or second in the current assets section of the balance sheet because it is the most liquid asset that a company has. However, there is no hard and fast rule that cash should be listed last in the current assets section. The order of presentation of assets in the balance sheet is at the discretion of the company and can vary depending on the nature and materiality of the assets.
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paragraph of changing place
Answers
Answer:
put the hold question in the text box
Waller Comp, purchased equipment for S24,000. The company is constdenne whether to determine annual depreciation using the straight-lane method or the declitung-balance method at 150 percent of the straight-1,1e tate. Waller expects to use the equipment for 10 years. At the end of which it will have an estimated salvage valueef 54.000. Prepare a comparison of these IWO alternatives for the fast two yews Waller will oun the equipment
Answers
Answer:
Waller Company
Comparison of Straight-line Depreciation and Declining Balance Methods
Straight-line method Declining balance method
Cost of equipment $24,000 $24,000
1st year depreciation exp. 1,860 2,760
Net book value 22,140 21,240
2nd year depreciation exp. 1,860 2,371.50
Ner book value 20,280 18,868.50
Explanation:
a) Data and Calculations:
Cost of purchased equipment = $24,000
Duration of useful life = 10 years
Estimated salvage value = $5,400
Depreciable amount under the straight-line method = $18,600
Depreciation expense per year under the straight-line method = $1,860 ($18,600/10)
Under the declining balance method:
The depreciation rate = 10% * 150% = 15% per year
Depreciation expense for the first two years:
Year 1, 15% of $18,600 = $2,760
Year 2, 15% of ($18,600 - 2,760) = $2,371.50
___ analysis is a type of what-if analysis that attempts to examine how sensitive the results are to changes in assumptions
Answers
A sensitivity analysis is the type of what-if analysis that attempts to examine how sensitive the results are to changes in assumptions
What is a sensitivity analysis?This refers to the assessment of the sensitivity of a mathematical model to its modeling assumptions.
However, In statistics, the sensitivity analysis are used to determine how sensitive inferences made using a particular model are to the parameters of that model.
Hence, the sensitivity analysis is the type of what-if analysis that attempts to examine how sensitive the results are to changes in assumptions
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to digital flash drives for $150 plus the cost of the drives. The mailbox rule will not apply if Kathryn accepts the offer by
Answers
The mailboxbox rule is a rule of contract law that states that acceptance of an offer is effective at the time it is sent, not when it is accepted. This rule will not apply if Kathryn accepts the offer by signing a written contract, as this would be an objective indication that she has accepted the offer.
In other words, if Kathryn signs the written contract, it is clear that she has accepted the offer, and the letterbox rule will not apply. The other party may also demand that Kathryn pay for the flash drives before they are delivered, which would further indicate that Kathryn has accepted the offer. Therefore, the mailbox rule will not apply if Kathryn accepts the offer by signing a written contract or paying for the flash drives.
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Why is liability an especially important type of car insurance?
Answers
Answer: If you cause a car accident, liability insurance will cover injuries to other people and damage to their property. Liability car insurance, sometimes called "third-party" coverage, is one of the most important types of car insurance.
Explanation:
Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $7.5 million, of which 65% has been depreciated. The used equipment can be sold today for $3 million, and its tax rate is 25%. What is the equipment's after-tax net salvage value? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000
Answers
Answer:
$2.9 million
Explanation:
Book value as on date of sale = Cost - Accumulated Depreciation = $7.5 million*(1 - 0.65) = $7.5 million*0.35 = $2,625,000
Gain on sale = $3,000,000 - $2,625,000 = $375,000
After-tax salvage value = Sale proceeds - Tax rate*Gain on sale) = $3,000,000 - ($375,000*0.25) = $3,000,000 - $93,750 = $2,906,250 = $2.9 million
accounts receivable are typically classified as current assets because:
Answers
Account receivable are classified in such way because it is expected to be paid within a year.
Accounts receivable is a term used to describe an amount of money due for payment from customer to a firm for goods or services delivered or used by them.
In other word, any money owed by customers for purchases made on credit, it is termed as Account receivables under balance sheet.Let also understand that when there is an amount on purchase credit which went bad, such amount is treated as bad debt.In conclusion, account receivables are considered current assets and not treated as bad debt because they can be expected to be paid within a year.
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Assume that the interest rate on borrowings in Japan is 3 percent while the interest rate on bank deposits in a U.S. bank is 5 percent. Laura, an active currency trader, borrows in Japanese yen, converts the money into U.S. dollars and deposits it in a U.S. bank. Laura is engaging in
Answers
Answer:
"Carry Trade", is the right answer.
Explanation:
Laura is engaged in "Carry Trade" because the carry trade refers to the process to borrow from the country where the interest rate is lower and deposit the borrowed money in other countries in which the person earns more interest. Therefore, the process for borrowings and deposits from low and high-interest rates respectively is called the carry trade.
When there is a negative externality, the competitive output is greater than the economically efficient output level. group of answer choices true false
Answers
When there is a negative externality, the competitive output is greater than the economically efficient output level it is true.
This is because the competitive output doesn't take into account the negative external costs, while the efficient output considers the full social costs, including external costs. As a result, the competitive output leads to overproduction, and the efficient output would be lower to minimize the negative externalities.
When there is a negative externality, such as pollution, the competitive output level, determined solely by market forces, is greater than the economically efficient output level. This occurs because the competitive market fails to consider the full social cost of production.
The negative externality imposes additional costs on society, such as health issues or environmental damage, which are not accounted for in the market price. As a result, producers tend to overproduce goods or services with negative externalities.
To achieve economic efficiency, it is necessary to reduce the output level to the point where the marginal social cost equals the marginal social benefit, internalizing the external costs and aligning private and social incentives.
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in a sinking fund cash or cash assets are set aside for what purpose
Answers
In a sinking fund, cash or cash assets are set aside for the purpose of repaying a debt or financing a future obligation.
The sinking fund is a financial reserve that is specifically designated to ensure that there are sufficient funds available to meet a particular financial obligation at a future date. The idea behind a sinking fund is to provide a secure and predictable source of funding for a specific purpose, such as debt repayment or capital expenditures. By setting aside cash or other assets in a sinking fund, organizations and individuals can ensure that they have the necessary resources available to meet their financial obligations without resorting to borrowing or other forms of financing.
A sinking fund is a financial strategy where cash or cash assets are set aside for the purpose of repaying or reducing a company's debt, such as bonds or loans, or for the replacement of major assets over time. This ensures financial stability and reduces the risk of default on future obligations.
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Part 1: Multiple Choice
Instructions
Choose the answer that best fits each statement below.
1. As you begin your budgeting process, a good place to start is to prepare a
a. Budget variance
b. Budget estimate
c. Budget plan
d. Budget contribution
I
2. What type of expense fluctuates month to month?
a. Emergency
b. Fixed
C. Variable
d. Discretionary
3. Which is an example of a financial statement?
a Bank statement
b Statement of contributions
C. Fixed and variable statement
d. Periodic statement
4. What is it called when you put money aside specifically for use in difficult situations?
a Income fund
b. Opportunity fund
c. Fixed expense fund
d. Emergency fund
Answers
Answer:
1.)a
2.)b
3.)c
4.)c
I think this could be the answer
If 12,500 units are produced and sold, what is the variable cost per unit produced and sold?
Answers
The variable cost per unit produced and sold is $11.75 per unit.
Variable Cost:Variable cost is the cost that is not fixed but changes with the change in the level of production. This cost is often related to the number of units produced or sold. For example, raw materials, labor charges, sales commission, etc.
Variable cost per unit = Direct material + Direct labor + Variable manufacturing overhead + Sales commissions + Variable administrative expense
Variable cost per unit = $5.60 + $3.10 + $1.40 + $1.20 + $0.45
Variable cost per unit = $11.75 per unit.
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Complete question is:
Martinez Company's relevant range of production is 9,500 units to 14,500 units. When it produces and sells 12,000 units, its unit costs are as follows:
Amount per unit
Direct materials $5.60
Direct labor 3.10
Variable manufacturing overhead 1.40
Fixed manufacturing overhead 3.60
Fixed selling expense 2.60
Fixed administrative expense 2.20
Sales commissions 1.20
Variable administrative expense 0.45
If 12,000 units are sold, what is the variable cost per unit sold? (Round answer to 2 decimal places).
HELPPP How would entrepreneur apply comfort with risk when developing a product or service ?
Answers
Answer:
Testing and responses help
Explanation:
ask for feedback from testers
Achievement of strategic goals through organization development is likely to fail if
O it involves new-direction innovation
O top managers are not committed
O leaders employ an innovation strategy
O the organization does not understand the competition
Answers
Answer: Influence is the answer
Explanation:
Question 21 of 25
Which type of wave interaction is shown by the water waves in the photo?
A. Refraction
B. Diffraction
C. Interference
D. Reflection
Answers
Answer:
I Believe C. (Interference) Is your answer
Explanation:
Interference Definition
the combination of two or more electromagnetic waveforms to form a resultant wave in which the displacement is either reinforced or canceled.
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The type of wave interaction shown by the water waves in the photo is interference. The correct option is c.
What is interference?Interference is a phenomenon in which two coherent waves are combined by adding their intensities or displacements with due consideration for their phase difference. The resultant wave may have greater intensity or lower amplitude if the two waves are in phase or out of phase, respectively.
Interference effects can be observed with all types of waves, for example, light, radio, acoustic, surface water waves, gravity waves, or matter waves as well as in loudspeakers as electrical waves. The principle of superposition of waves states that when two or more propagating waves of the same type are incident on the same point, the resultant amplitude at that point is equal to the vector sum of the amplitudes of the individual waves.
If a crest of a wave meets a crest of another wave of the same frequency at the same point, then the amplitude is the sum of the individual amplitudes this is constructive interference.
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Which of the following is an example of race?
Answers
Answer:
make sure to put the examples:)
Explanation:
if you dont we wont be able to know what you meant
The Whalers are interested in trading their star left tackle. He is a veteran and makes $1.6 million per year. They are considering signing a player from another team who makes $1 million per year. How much money would they save by trading their current left tackle and signing the player from the other team for three years?
Answers
Answer:
$1,800,000
Explanation:
The veteran player makes $1.6 million per year.
The new prayer will be paid $1 million per year.
the Savings per year will be
= $1, 600,000 - 1,000,000
= $ 600,000
The savings in three years will be
=$600,000 x 3
=$1,800,000
the potential loss of intellectual capital is a concern related to outsourcing. (True or False)
Answers
True. The potential loss of intellectual capital is a valid concern related to outsourcing.
When a company outsources certain functions or processes to external vendors or partners, there is a risk of losing the knowledge, expertise, and intellectual property associated with those activities. This loss of intellectual capital can occur when key employees or teams responsible for critical tasks are transferred to the outsourcing provider, leading to a potential drain of valuable knowledge and experience from the organization.
It is important for companies to carefully manage and mitigate this risk through proper documentation, knowledge transfer processes, and contractual agreements to protect their intellectual capital when engaging in outsourcing arrangements.
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suppose a 10 year bond has a price today of $800, a coupon rate of 4%, and four years have passed. if interest is paid semi-annually, what is this bond's yield to maturity? the klm bond has a 8% coupo
Answers
The yield to maturity of a bond is the total return anticipated on a bond if it is held until its maturity date. To calculate the yield to maturity of the given bond, we need to find the discount rate that equates the present value of the bond's future cash flows (coupon payments and final principal payment) to its current price.
In this case, we have a 10-year bond with a current price of $800 and a coupon rate of 4%. Since four years have already passed, we need to calculate the present value of the remaining coupon payments and the principal payment.
The bond pays coupons semi-annually, so there are 20 total coupon payments remaining (10 years * 2 payments per year - 4 years * 2 payments per year = 20 payments). Each coupon payment is 4% of the face value of the bond, which is not given in the question. We'll assume a face value of $1,000 for calculation purposes.
Using a financial calculator or spreadsheet, we can discount the remaining coupon payments and the principal payment back to the present value using the bond's yield to maturity as the discount rate. By adjusting the yield to maturity until the present value matches the current price of $800, we can find the yield to maturity.
The KLM bond with an 8% coupon rate is not relevant to calculating the yield to maturity of the given bond.
Note: Without the exact face value of the bond, it is not possible to provide a specific yield to maturity.
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The audit expectation gap is narrowed by realistic user expectations such as that the auditor ________.
Answers
The audit expectation gap is narrowed by realistic user expectations such as that the auditor provides reasonable assurance.
One of the main factors contributing to the audit expectation gap is the disparity between what users of financial statements expect from an audit and what auditors are realistically able to provide. To narrow this gap, it is important for users to have realistic expectations, such as understanding that an audit provides reasonable assurance rather than an absolute guarantee.
An audit is conducted in accordance with auditing standards and involves obtaining sufficient and appropriate evidence to express an opinion on the financial statements. It is not feasible for auditors to detect all instances of fraud or error, especially those that involve collusion or intentional misrepresentation.
Therefore, users should have a reasonable expectation that auditors perform their work diligently, within the scope of the engagement, and in accordance with professional standards to provide a level of assurance that the financial statements are free from material misstatements. Realistic user expectations help align their understanding with the nature and limitations of an audit, ultimately narrowing the audit expectation gap.
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If the balance of work in process on october 31 is $21,000, what was the amount of factory overhead applied in october?
Answers
The amount of factory overhead applied in October can be calculated by subtracting the beginning balance of work in process from the ending balance of work in process and then subtracting the cost of direct materials and direct labor from the difference.
The formula is as follows:
Factory Overhead Applied = Ending Balance of Work in Process - Beginning Balance of Work in Process - Cost of Direct Materials - Cost of Direct Labor
Given that the ending balance of work in process on October 31 is $21,000, we need to know the beginning balance of work in process, the cost of direct materials, and the cost of direct labor in order to calculate the amount of factory overhead applied in October. Without this information, we cannot accurately calculate the amount of factory overhead applied in October.
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