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Varvara68 [4.7K]
2 years ago
11

What is the benefit in reaching the absolute advantage in the production of one good?

Business
1 answer:
horsena [70]2 years ago
7 0

The benefit in reaching the absolute advantage in the production of one good to produce more units of a good than other countries. Option A is correct.

<h3>What is the absolute advantage?</h3>

The ability of a party to produce a good or service more efficiently than its rivals is the foundation of the principle of absolute advantage. This idea or principle was first introduced in 1776 while covering international trade and using labor as the sole input.

Therefore, option A is correct.

To learn more about the absolute advantage, refer to:

brainly.com/question/13221821

#SPJ1

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Office with demarcation is known as what​
Katyanochek1 [597]
A a boundary point or network boundary point, a demarcation point is the physical point at which the public network of a telecommunications company ends and the private network of a customer begins.
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3 years ago
Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization sch
Zielflug [23.3K]

Answer:

7%

Explanation:

Calculation to determine the annual effective interest rate on the bonds

Using this formula

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4 0
3 years ago
Suppose that when the price of peanut butter falls from $2 to $1 per jar, the quantity of jelly purchased rises from 14 million
yan [13]

Answer:

-0.20

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

Substitute goods are goods that can be used in place of another good.

If the cross-price elasticity is negative, it means that the goods are complementary goods.

Complementary goods are goods that are consumed together

Cross Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price  

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change in quantity demanded = 16 million - 14 million = 2 million

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2 / 15 = 0.133

midpoint change in price = change in price / average of both price

change in price = 1 - 2 = - 1

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-1/1.5 = -0.67

0.1333 / -0.67

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The human resources department is like a business within the company, which provides what three product lines?
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