Author Question: The U.S. can produce both hoodies and coats with fewer inputs than India. The U.S. has an absolute ... (Read 113 times)

formula1 · **on:** Sep 11, 2018

The U.S. can produce both hoodies and coats with fewer inputs than India. The U.S. has an absolute advantage in the production of both goods over India.

a. True
b. False

Question 2

Determine expense percent, given:
Gross sales 398,320
Customer returns & allowances 8.60
Gross margin 183,124
Profit 6.8

a. 39.17
b. 42.86
c. 43.50
d. 39.76