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Akimi4 [234]
1 year ago
10

What is the difference between comparative advantage and absolute advantage? Comparative advantage measures opportunity cost and

absolute advantage measures efficiency. Absolute advantage measures opportunity cost and comparative advantage measures production cost. Comparative advantage measures sale price and absolute advantage measures production cost. Absolute advantage measures sale price and absolute advantage measures production cost.
SAT
2 answers:
Burka [1]1 year ago
7 0

The difference between comparative advantage and absolute advantage is that: A. Comparative advantage measures opportunity cost and absolute advantage measures efficiency.

<h3>What is a comparative advantage?</h3>

A comparative advantage can be defined as the ability of a business firm or country to produce goods and services at a lower opportunity cost than their rivals (competitors) or trade partners.

<h3>What is an opportunity cost?</h3>

An opportunity cost is also referred to as alternative forgone and it can be defined as the value, profit or benefits that are given up and forfeited by an individual or business firm, in order to choose or acquire something that is deemed most significant at a particular point in time.

In this context, we can infer and logically deduce that the difference between comparative advantage and absolute advantage is that comparative advantage measures opportunity cost and absolute advantage measures efficiency.

Read more on comparative advantage here: brainly.com/question/12291750

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nignag [31]1 year ago
3 0

Answer:

A. Comparative advantage measures opportunity costs and absolute advantage measures efficiency.  

Explanation:

<3

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7 0
3 years ago
Which value of x makes the equation 0. 75(x + 20) = 2 + 0. 5(x - 2) true?
bija089 [108]

Answer:

-56

Explanation:

From the equation:

0.75(x + 20) = 2 + 0.5(x - 2)

Open brackets

0.75x + 15 = 2 + 0.5x - 1

Collect like terms

0.75x - 0.5x = 2 - 1 - 15

0.25x = - 14

Divide both sides by 0.25

x = -56

7 0
2 years ago
Please help me 7 points​
elixir [45]
I believe it is 700N Right
3 0
3 years ago
Read 2 more answers
Serum cholesterol levels of 100 hypertensive patients were recorded. Mean cholesterol level was 190 mg/d1. The data was symmetri
xxTIMURxx [149]

The standard error is 1.5.

The range of 95% confidence interval is 160 mg/dL and 220 mg/dL

<h3>What is the standard error of the distribution?</h3>

The standard error of the distribution is calculated as follows:

  • Standard error = standard deviation/√N

where N is the number of participants = 100

From the empirical rule of a normal or symmetrical distribution;

  • 68% of the data lies within one standard deviation
  • 95% percent within two standard deviations, and
  • 99.7% within three standard deviations from the mean.

Therefore,  175 mg/dl and 205 mg/dl lie one standard deviation from the mean.

One standard deviation = 175 - 190 or 205 - 190 = ±15

Standard deviation = 15

a. Solving for the standard error using the equation above;

Standard error = 15/√100

Standard error = 1.5

b. The range of 95% confidence interval is two standard deviations away from the mean.

Range of values two standard deviations from the mean = 190 - (2*15) and 190 + (2 * 15)

Range of values two standard deviations from the mean = 160 mg/dL and 220 mg/dL

Therefore, the range of 95% confidence interval is 160 mg/dL and 220 mg/dL

In conclusion, the standard error is calculated from the standard deviation and the sample size.

Learn more about standard error at: brainly.com/question/14467769

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6 0
11 months ago
Nine less than four times a number equals fifteen
Natasha_Volkova [10]
Simple
Nine less than a number times four equals fifteen
basically, x*4-9=15 would be your equation, or something similar
Well, we know x can't equal 1,2,3,OR 4. Five is also out, because 5*4=20-9=11, so cross that out.
But if you try doing 6*4-6=15, it fits.
6*4=24, 24-9=15
Thus, x=6, so your answer to Nice less than four times a number equals fifteen is 6. 
~Hope this helps!

6 0
3 years ago
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