Suppose that portugal and denmark both produce fish and olives. portugal's opportunity cost of producing a crate of olives is 4 pounds of fish while denmark's opportunity cost of producing a crate of olives is 10 pounds of fish. by comparing the opportunity cost of producing olives in the two countries, you can tell that portugal _ has a comparative advantage in the production of olives and denmark _ has a comparative advantage in the production of fish. suppose that portugal and denmark consider trading olives and fish with each other. portugal can gain from specialization and trade as long as it receives more than 4 pounds _ of fish for each crate of olives it exports to denmark. similarly, denmark can gain from trade as long as it receives more than 1 crate '_ of olives for each pound of fish it exports to portugal. based on your answer to the last question, which of the following prices of trade (that is, price of olives in terms of fish) would allow both denmark and portugal to gain from trade? check all that apply. 6 pounds of fish per crate of olives 2 pounds of fish per crate of olives 8 pounds of fish per crate of olives 18 pounds of fish per crate of olives

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02