Ricardo's model of comparative advantage assumed all of the following EXCEPT
a. in each nation, labor is the only input.
b. costs do not vary with the level of production.
c. perfect competition prevails in all markets.
d. transportation costs rise as distance increases between countries.
d. transportation costs rise as distance increases between countries.
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Because the zero point is fixed in interval scales, it is not meaningful to take ratios of scale values
Indicate whether the statement is true or false
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A. Debit Prepaid Insurance, $1,440; credit Insurance Expense, $1,440. B. Debit Prepaid Insurance, $1,800; credit Cash, $1,800. C. Debit Insurance Expense, $360; credit Prepaid Insurance, $1,440. D. Debit Prepaid Insurance, $360; credit Insurance Expense, $360. E. Debit Insurance Expense, $360; credit Prepaid Insurance, $360.
Marsden Company has three departments occupying the following amount of floor space: Department 117,000?sq. ft.Department 210,200?sq. ft.Department 327,000?sq. ft.How much store rent should be allocated to Department 3 if total rent is equal to $97,000? (Do not round intermediate calculations.)
A. $27,000 B. $18,255 C. $48,321 D. None of the answers are correct.