What can a producer gain by specializing?

Answers

Answer 1

Answer:

Absolute advantage.

Explanation:

A producer are gain an absolute advantage from specializing.

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Answer 2

Answer:

Absolute advantage.

Explanation:

A producer are gain an absolute advantage from specializing.

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Related Questions

Assume that the traffic to the web site of Smiley’s People, Inc., which sells customized T-shirts, follows a normal distribution, with a mean of 4.54 million visitors per day and a standard deviation of 900,000 visitors per day.
(a) What is the probability that the web site has fewer than 5 million visitors in a single day? If needed, round your answer to four decimal digits.

Answers

The probability of the website of Smiley People Inc. having fewer than 5 million visitors will be 0.7054.

What is probability?

The chances of occurrence in a given condition, where the number of observations and the conditions are predetermined, is known as the probability.

Hence, the significance of probability of Smiley Peoples Inc. is as computed above.

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Suppose that Kyle can get an internship at an investment bank that pays him a stipend of $3,000.00. The internship also provides Kyle with tangible work experience that will help him get a job after graduation. What is Kyle’s economic profit if he continues to work as a painter? Should Kyle keep the painting job or take the internship? Explain your answer.

Answers

Kyle is advised to take up the internship and leave the painting job, as the painting job will not give him tangible experience, which will be beneficial for his career.

What is internship?

A program where a person can get training or expertise of a specific area or field by working under a veteran or an expert in the field, whether paid or not, is known as internship.

In the above case, Kyle's internship will pay him a stipend of $3,000 along with tangible experience, which is beneficial for his future.

In the case of painting job he makes economic profit of $3,800 after getting a salary of $4,000 and spends on supplies for $200.

However, the rational profit of Kyle will be,

Painting Job Salary (4000) – Supplies (200) – Stipend from Internship (3000)= $800

Thus, it is beneficial for Kyle to take up internship and leave his painting job. The complete question has been attached as an image for better reference.

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Which of these describes what can happen with an adjustable rate mortgage

Answers

the montly mortgage payments go up or down from year to year.

An effective marketing mix for the services industry is the _____.

A. neither

B. seven P's

C. both

D. four P's

Answers

An effective marketing mix, which is suitable for the services industry, is the seven P's.

What is a marketing mix?

A strategy of different mixes of external and internal factors used by a firm for the purpose of achieving its organizational goals, intended to increase the sales, is known as a marketing mix.

Hence, option B holds true regarding a marketing mix.

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____ is an example of a high performance work practice

A. Increasing employee access to information
B. Selective decruitment
C. Skill-based compensation
D. Detailed job descriptions

Answers

Answer:

A

Explanation:

Increasing employee access to information

Peace and prosperity will flourish if we can find the one best way to divide existing resources among nations.
True or False

Answers

Peace and prosperity may not flourish if we can find the one best way to divide existing resources among nations. Therefore, it is false.

What is prosperity?

Prosperity is flourishing, thriving, good fortune, and successful social status.

In this case, peace and prosperity may not flourish if we can find the one best way to divide existing resources among nations. It is about the effective utilization of resources.

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1
What is the point of including a subject line on an email message?
A.
to indicate what time the sender created the message
B.
to provide information on the content of the email
C.
so the email seems entertaining and fun
D.
so the person receiving the email knows how important the sender is
Reset
Next

Answers

Answer:

A

Explanation:

so that you can know who sent the message at what time

Which of the following consists of everything outside an organization's boundaries that might affect how the business operates?
A. Domestic business environment
B. Political-legal environment
C. External environment
D. Opportunities and enterprise
E. Corporate culture

Answers

The external factors that might affect how the business operates are:

A. Domestic business environmentB. Political-legal environmentC. External environment

What are the external factors that impact business operation?

The external factors that impact business operations include:

SocialEconomicCompetitiveDemographicGlobal factorsTechnologicalPolitical and legal.

The corporate culture of an organization is outside its boundaries.

Thus, the external factors that might affect how the business operates are Domestic, Political-legal, and External environments and not the corporate culture.

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Find the sales tax. Total selling price: $2,520. Florida sales tax rate: 6 percent. Gainesville sales tax rate: 1 percent. Find the state tax city and city tax.

Answers

The state tax city and city tax based on the information will be $151.20 and $25.20 respectively.

How to calculate the tax?

The sales tax based on the information given will be:

= 6% × $2520

= 0.06 × $2520

= $151.20

The city tax will be:

= 1% × $2520

= $25.20

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Which document needs to be submitted, along with reconciled cash, from each department to the main cashier’s office?
A.
deposit form
B.
deposit slip
C.
cash receipt
D.
cash invoice
E.
withdrawal form

Answers

I think the answer would be B

Whats is the purpose of strikerbreakers ?

Answers

Strikebreakers are workers who choose to continue working during a strike.

Select the correct answer from each drop-down menu.
According to
,self-interest and competition act as
Reset
Next
gulding firms in a market-based economy.

Answers

Self-interest and competition, in accordance with Adam Smith, function as invisible hands that direct businesses in a market-based economy.

What is self-interest?

Self-interest is commonly defined as a focus on one's own needs or interests. Self-interested behaviors are typically carried out unknowingly most of the time. Numerous philosophical, psychological, and economic theories look at how self-interest influences how people behave.

Adam Smith authored one of the most well-known works on economics, which is still used today to explain how the American economy is structured. Smith writes in Wealth of Nations about the need for essentially zero government involvement in the economy. Instead, the best outcome for customers will come through business rivalry. Smith bases his assertion that businesses will act in their own best interests on this theory.

Since the business owner depends on customers to succeed, acting in their best interest will inevitably lead to the best deals for the consumer.

Thus, the correct option is  3.

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Which of the following activities are covered by OSHA's steel erection regulations?

A. Design, funding, and site planning
B. Hiring, planning, and construction
C. Construction, alteration, and repair
D. Compliance, regulation, and penalties

Answers

The activities are covered by OSHA's steel erection regulations include D. Compliance, regulation, and penalties.

What is OSHA?

It should be noted that OSHA simply means occupational safety and health administration.

In this case, the activities are covered by OSHA's steel erection regulations include Compliance, regulation, and penalties.

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Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels, in
thousands of gallons:
Forecast
Method 1
Actual
Demand
Actual
Demand
Week
Forecast
Method 2
0.82
Week
1
0.90
0.72
1
0.72
2
1.02
1.00
2
1.19
1.00
3
0.92
1.00
3
0.92
-1.00
4
1.17
1.00
4
1.17
1.00
The MAD for Method 1 = thousand gallons (round your response to three decimal places).

Answers

MAD = 0.51/4 = 0.1275 and MSE = 0.0721/4 = 0.018.

What is MAD and MSE?

MAD( Mean Absolute Deviation) and MSE( Mean Squared Error) are the most commonly used forecast error measures. MAD is the average of the absolute errors and MSE is the average of the squared errors.

Solution:- Method 1 Week Method 1 Actual E     E^2

1     0.9         0.7          0.2 0.04

2    1.05         1             0.05 0.0025

3   0.95         1              0.05 0.0025

4   1.2            1              0.2 0.04

                                      0.5 0.085

MAD = sum of error/n

        = 0.5/4

        =0.125

MSE = sum of squared error/n

         = 0.0.85/4

           = 0.02125

Method 2  Week Method 2 Actual E   E^2

1       0.8      0.7      0.1 0.01

2       1.2        1        0.2 0.04

3      0.9        1         0.1 0.01

4      1.11         1         0.11 0.0121

                              0.51 0.0721

Hence, MAD = 0.51/4 = 0.1275 and MSE = 0.0721/4 = 0.018.

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Here are the returns on two stocks.



Digital Cheese Executive Fruit
January +15 +8
February −4 +2
March +6 +7
April +8 +15
May −5 +3
June +4 +8
July −3 −4
August −9 −3


Required:

a-1. Calculate the variance and standard deviation of each stock.

a-2. Which stock is riskier if held on its own?
b. Now calculate the returns in each month of a portfolio that invests an equal amount each month in the two stocks.

c. Is the variance more or less than halfway between the variance of the two individual stocks?

Answers

Based on the returns on Digital Cheese and Executive Fruit, the variance and standard deviation of each stock is:

Variance:

Digital cheese = 56.8 Executive fruit = 34.8

Standard deviation:

Digital cheese = 7.5Executive fruit = 5.9

This means that Digital Cheese is riskier if held alone.

What are the variances and standard deviations of the stock?

Using a spreadsheet, one can order the given returns and then find the variance using mathematical functions.

When this is done, the variances on Digital cheese and Executive fruit would be 56.8 and 34.8 respectively.

You can then take the square roots of these variances to find the standard deviations as 7.5 and 5.9 respectively.

Because Digital Fruit has a higher standard deviation, it is considered to be riskier in terms of returns.

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What is the relationship of accountability to responsibility?

Answers

Answer:

While responsibility refers to someone's duty to carry out a task to completion, accountability generally refers to what happens after something has happened. Accountability is therefore concerned with the consequences of someone's actions, rather than their initial duty to carry these actions out.

What is an exampl of a price floor

Answers

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Perhaps the best-known example of a price floor is the minimum wage, which is based on the normative view that someone working full time ought to be able to afford a basic standard of living

What are the primary advantages to choosing a sole proprietorship?

Answers

The primary advantages to choosing a sole proprietorship is that there is no separate legal entity from the ownership.

What is sole proprietorship?

Asole proprietorship serves as a type of business which is been owned and controlled by single entity, in this type of business, there is no partnership.

In this type of business, the ownership is the same with the legal identity.

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When the sale of traditional soft drinks declined, many manufacturers realized the demand for sugar-free and sports drinks went up. They responded by creating entirely new categories of healthier drinks to appeal to the marketplace. The soft drink industry then had to create ________ for this new product category.
Question 20 options:

A)

primary demand

B)

par value

C)

secondary demand

D)

utilitarian worth

E)

market value

Answers

The soft drink industry then had to create market value for this new product category. Read below about the concept of market value.

What is a Market Value?

Market value is the amount for which something can be sold on a given market. Market value is also used as interchangeably with open market value, fair value or fair market , although these terms have distinct definitions in different standards, and differ in some circumstances.

Therefore, the correct answer is market value.

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The maximum amount you must pay before your homeowners insurance
begins to pay is your_
OA. deductible
OB. copayment
OC. credit limit
OD. premium

the answer is A. deductible

Answers

Answer: A. deductible

Explanation: It can not be premium, as that is what you pay monthly for insurance. Credit limit is the maximum amount of money your allowed to spend monthly on a credit card. A copayment is what is spent out of pocket on a service that is typically covered by insurance. Deductible is what you must pay before receiving insurance coverage.

write the uses of apron​

Answers

Answer:

Its simple .

Explanation:

We use apron to cover the body so that we can remain clean and any dust free while doing daily chores like cooking ,sweeping ,etc

Answer:

We use aprons to protect ourselves from greases, sauce, and other messy things while cooking or eating. They can also be used around the house to prevent similar things.

Tom and Amanda Jackson

Answers

Answer:ikr

Explanation:

Answer:

Question: In 2021, Tom And Amanda Jackson (Married Filing Jointly) Have $200,000 Of Taxable Income Before Considering The Following Events: (Use The Dividends And Capital Gains Tax Rates And Tax Rate Schedules.) On May 12, 2021, They Sold A Painting (Art) For $110,000 That Was Inherited From Grandma On July 23, 2019. The Fair Market Value On The Date Of Grandma’s

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In 2021, Tom and Amanda Jackson (married filing jointly) have $200,000 of taxable income before considering the following events: (Use the dividends and capital gains tax rates and tax rate schedules.)

On May 12, 2021, they sold a painting (art) for $110,000 that was inherited from Grandma on July 23, 2019. The fair market value on the date of Grandma’s death was $90,000 and Grandma’s adjusted basis of the painting was $25,000.

They applied a long-term capital loss carryover from 2020 of $10,000.

They recognized a $12,000 loss on the 11/1/2021 sale of bonds (acquired on 5/12/2011).

They recognized a $4,000 gain on the 12/12/2021 sale of IBM stock (acquired on 2/5/2021).

They recognized a $17,000 gain on the 10/17/2021 sale of rental property (the only §1231 transaction), of which $8,000 is reportable as gain subject to the 25 percent maximum rate and the remaining $9,000 is subject to the 0/15/20 percent maximum rates (the property was acquired on 8/2/2015).

They recognized a $12,000 loss on the 12/20/2021 sale of bonds (acquired on 1/18/2021).

They recognized a $7,000 gain on the 6/27/2021 sale of BH stock (acquired on 7/30/2012).

They recognized an $11,000 loss on the 6/13/2021 sale of QuikCo stock (acquired on 3/20/2014).

They received $500 of qualified dividends on 7/15/2021.

Joe is a landlord of a small apartment building in the downtown district. He usually charges $3,000 per month for his apartments. The local government just passed a law stating that all rent in the downtown district must be at or below $2,600 per month. After this policy is implemented, what will be the effect on supply of apartments and demand of apartments in the downtown district?


Supply down, demand up


Supply down, demand down


Supply up, demand down


Supply up, demand up

Answers

When the new law is passed, the effect on the supply and demand of apartments is that Supply down, demand up.

What happens when a price ceiling is below the equilibrium?

When the equilibrium price which is $3,000 in this case, is higher than the price ceiling of $2,600 in this case, more people will demand apartments because they will be more likely to afford it.

Supply on the other hand, will decrease because less people will want to make their places available at below equilibrium price.

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The effect on supply of apartments is that supply will be down and the demand of apartments in the downtown district will be up.

What affects demand for housing?

The primary factor affecting the demand for housing is usually the price of housing.

Using the law of demand, as price decreases, the amount or the quantity of housing in terms of quantity demanded will go up or increases.

Note that because of a drop in price, more people may need more housing and as such the quantity supplied will not be able to meet up with the demand and another factor is that some homeowners may want to hold off in  leasing apartment at that low price.

Therefore, option A is correct.

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1. You are offered Birr 1,000 today, Birr 10,000 in 12 years, or Birr 25,000 in 25 years. Assuming that you can earn 11 percent on your money, which offer should you choose?

Answers

Based on the options given of different cashflows, the offer you should accept is Birr 10,000 in 12 year.

Which offer should you accept?

Find the present values of each offer:

Offer 1:

= Birr 1,000

Offer 2:

= 10,000 / 1.11¹²

= Birr 2,858.41

Offer 3:

= 25,000 / 1.11²⁵

= Birr 1,840.20

The offer with the highest present value is the second offer of Birr 10,000 in 12 years.

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The most common term for marginal utility is

Answers

Answer:

The concept of marginal utility is used by economists to determine how satisfaction levels influence customer decisions. The law of diminishing marginal utility has also been found by economists. It describes how the first unit of an item or service consumed has more utility than subsequent units.

Explanation:

Answer:

law of diminishing marginal utility.

Explanation:

Economists use the idea of marginal utility to gauge how satisfaction levels affect consumer decisions. Economists have also identified a concept known as the law of diminishing marginal utility. It describes how the first unit of consumption of a good or service carries more utility than later units.

Spectrum uses its sales reports broken down by geographic regions as part of its marketing research to determine which markets are most rapidly adopting fiber-optic internet connections. In this example, Spectrum is using

Answers

The fact that Spectrum breaks its sales reports down into geographic regions is an example of internal secondary data.

What is internal secondary data?

When data is said to be secondary, it means that it is derived from data that was compiled for other reasons.

When this secondary data is compiled from reports that only a company has access to, this is internal secondary data. The sales reports of Spectrum were compiled to report sales and are available to Spectrum alone.

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When creating a stacked chart to portray the breakdown of the income statement, the following item is not included

Answers

The Net income is the item that will not be included when creating a stacked chart to portray the breakdown of the income statement.

What is a stacked chart?

This refers to a column chart where multiple series of the data representation are stacked over each other.

Because the Net income is an item that is derived at the conclusion of an income statement, its will not be included when creating a stacked chart to portray the breakdown of the income statement.

Missing options "Revenue COGS Salaries 15 Marketing Rent Pr Tax View Marked Questions Net Income"

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Most applications will ask you to provide all of the following information except.

A. the date you can start work.

B. days and hours that you are available to work.

C. your desired salary or wage.

D. how long you want to work for the establishment.​

Answers

D most applications only ask whether it is seasonal or part/full time but never exactly how long you plan to work there

what is local business​

Answers

Is a company or organization that sells products or services to a local population of individuals

If the federal reserve banks mailed everyone in the United States a new $1000.00 bill, what would happen to prices, output, and income? Illustrate your answer by using the equation of exchange.

Answers

If the Fed mailed everyone a $1,000, the effect would be a rise in prices, output, and income.

What happens when money is injected into the economy?

The Equation of exchange is:

Money supply x Velocity of money = Price level x Quantity of goods and services produced

If the Money supply increases like it will when $1,000 is sent by the Fed to people, the velocity will also rise as people purchase more goods and services.

The Price level and the Quantity produced on the right side of the equation would also have to rise to match the left side. So prices would rise, and so would output.

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Which class of organic compound would neutralize a carboxylic acid? The Enlightenment was _____. inceA nurse is providing education to the mother of a ten year old child about to undergo scoliosisscreening. Which of the following statements by the mother indicates a need for further teaching?Select one:a. "The examiner will be looking for symmetry in alignment of shoulders or hips."b. "The examiner will be looking for asymmetry of the ribs and flanks."c. "My child will be asked to stand upght, arms stretched above the head."Si2d. "My child should be undressed down to her under wear." Identify the stages of the water cycle where water moves downward from the force of gravity. Which sentence uses a dash or dashes correctly? Community service-a rewarding activity benefits everyone involved.O Community service a rewarding experience benefits-everyone involved.O Community service-a rewarding activity-benefits everyone involved.O Community service a rewarding experience benefits everyone involved. A sample of helium gas has a volume of 6.50l at a pressure of 845 mmhg and a temperature of 25oc. what is the pressure of the gas in atm when the volume and temperature of the gas sample are changed to 1850 ml and 325 k Finish the sentence: each cell is organized and _______. undergoes growth and development responds to environment increases in number gets bigger carries out a specific function If f(x) = x + 1 and g(x) = 2x 7, which expression is equivalent to [f o g](3)? (3 + 1)(2(3) 7) 2(3)2 6 2(3 + 1) 7 (2(3) 7) + 1 What shapes can the composite figure be decomposed into? Select two options.A hexagon.a rectangle and a trianglea rectangle and two trianglesa square and two trianglestwo rectanglestwo trapezoids Consumer protection comes from which of the following types of agencies?-government-for-profit business-non-profit private-All of the choices are correct. what was outcome of the supreme court case marbury v. madison? why the question How many colors are there in the United States flag? is NOT a statistical question. Carlos spent a total of $40 at the grocery store. Of this amount, he spent $14 on fruit. What percentage of the total did he spend on fruit? The product of 7 and x is the same as the sum of nine and three and two. What is the value of x? On last week math tests Mr.Jones class had an average of 82 points with a standard deviation of 10 points.Mrs.Potters class had an average of 79 points with a standard deviation of 3 points.Which class was more constant and how can you tell Why was the Soviets test of an atomic bomb in 1949 shocking? The cerebral cortex is divided into two mirrored halves known as right and left why is it important to have community forest? Julia buys a spool with 12 yards of wire. The students inher jewelry-making class use 4 yards 2 feet of the wirefor one project and 7 feet of the wire for anotherproject. How many feet of wire does Julia have left? Describe the properties of alkali metals. based on their electronic arrangement, explain whether they exist alone in nature.