-Consider Table 18

question 73

Multiple Choice

-Consider Table 18.1.With free trade in the East,fish consumption _________ and potato consumption __________,compared to autarky.

• A)rises;falls
• B)rises;stays the same
• C)stays the same;rises
• D)stays the same;stays the same
• E)rises;rises

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Definitions:

Cost Changes

Adjustments in the financial outlays associated with different business activities or over time.

Break-even Point

The level of sales at which total revenues equal total expenses, resulting in no net profit or loss.

Sales Mix

The combination of different products or services a company sells, usually expressed in terms of the proportion of total sales volume each constitutes.

Fixed Expenses

Costs that do not change with the level of production or sales over a certain period, such as rent, salaries, and loan payments.