Trade allows (or forces) a country to consume: a. beyond the limits of its production capability as represented by its production possibilities frontier (ppf). b. at less than the limits of its production capability as represented by its ppf. c. a different portfolio of goods than it can produce based on the resources available within its borders. d. only the goods produced by its potential trading partner.

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.

2. how has taobao created economic opportunities for chinese entrepreneurs that were inaccessible to them before?

Ricardo is sure he has what it takes to succeed in the food business, but because he lacks management experience, he wants one that will provide the most training and support. which of these possibilities would be his best choice? a. subway b. old macdonald's bed and breakfast c. fuzzy's tavern d. ricardo's café