1. Does the concept of comparative advantage apply to individuals, countries, or both? Explain. 2. Suppose that one day of labor in each country produces the following quantities of fish and cheese:

Country Fish (tons) Cheese (tons)
France 80 40
Japan 200 50

Required:
a. Does France have a comparative advantage in the production of fish, cheese, or neither? Explain.
b. Does Japan have a comparative advantage in the production of fish, cheese, or neither? Explain.
c. Suppose the countries decide to trade with each other-1 ton of cheese for 3 tons of fish. Would this trade be advantageous to both countries? Explain.

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:

*will mark brainliest! * when a company spends resources (labor, money) to give customers "free" items, those costs are called a. investment costs b. economic costs c. scarcity costs d. opportunity costs answer asap!