1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
leonid [27]
11 months ago
15

What is the difference between comparative advantage and absolute advantage?

Business
1 answer:
goldenfox [79]11 months ago
6 0

Answer:

Absolute Advantage: The ability of an actor to produce more of a good or service than a competitor.

Comparative Advantage: The ability of an actor to produce a good or service for a lower opportunity cost than a competitor.

Explanation:

You might be interested in
The Bramble Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents
yulyashka [42]

Answer:

410 rooms and $22,550

Explanation:

The computation of the break even point and in dollars is shown below:

Break even point in units is

= Fixed cost ÷ (Selling price - variable cost)

where,

Fixed cost is

= Salaries + Utilities + Depreciation + Maintenance

= $6,600 + $1,100 + $900 + $420

= $9,020

And, the selling price is $55

And the variable cost is

= Maid service + other cost

= $22 + $11

= $33

So, the break even point in points is

= ($9,020) ÷ ($55 - $33)

= 410 rooms

And the break even point in dollars is

= 410 rooms × $55

= $22,550

8 0
3 years ago
Which underlined phrase is a perfect participial phrase? recreation areas are divided into three categories, indicating the main
Tomtit [17]
Since there are no indicated phrases that are underlined, I had to choose which sentence contains the perfect participle phrase and that would be sentence 2: Having determined a need to offer opportunities for sports and leisure activities, the city created several recreation areas. The perfect participle phrase in this sentence is this: Having determined a need to offer opportunities for sports and leisure activities.
3 0
3 years ago
Read 2 more answers
Suppose you are the CEO of a start-up toy manufacturer. You know that if your business is to be successful, you have to create a
Sauron [17]

Answer:

a. Leslie, who is independent and self-confident. She doesn’t need people to tell her what to do.

b. Malcolm, who loves to play. His last boss says that Malcolm was the "chief kid" in his last office.

c. Frankie, who has been in the toy business for 10 years and who knows what he’s doing, but who always likes testing a new idea.

Explanation:

In this scenario the CEO of a start-up toy manufacturer wants to create at least 10 wildly different toys in the next three years.

He will primarily need people that are creative and are inclined to work with new ideas.

The wrong choice will be someone who follows the rules and is stable. Such a staff will not contribute new ideas that will move the company to make profits.

Leslie is confident and does not need to be told what to do, so she will take initiative to do new things.

Malcolm loves to play and this will boost creative ideas.

Frankie likes testing new ideas and will be comfortable working creatively.

6 0
3 years ago
Progressive women reformers worked to: (a) reduce wages (b) limit the worday (c) overturn the nineteenth amendment (d) establish
Nikitich [7]

whole quiz

1. Limit the workday.

2. Ida B, Wells.

3. prohibition.

Your welcome :)


3 0
3 years ago
Read 2 more answers
The economics profession thrives because:
Pie

Answer:

Your answer to your Question is D. economists always agree on solutions to economic problems and have helped solve all major global financial crises.I HOPE I HELPED YOU GIVE ME BRAINLIST PLEASE Thank you have a nice day!

4 0
3 years ago
Other questions:
  • Manufacturer's Inc. estimates that its interest charges for this year will be $700 and that its net income will be $3,000. Assum
    12·1 answer
  • A company has a 40% gross margin, general and administrative expenses of $50, interest expense of $20, and net income of $70 for
    8·1 answer
  • Martin company purchases a machine at the beginning of the year at a cost of $60,000. the machine is depreciated using the strai
    11·2 answers
  • Suppose that this year a small country has a GDP of $100 billion. Also assume that Ig = $30 billion, C = $60 billion, and Xn = –
    7·1 answer
  • A(n) _____ is a general belief about a person or group of people that may not be true.
    11·2 answers
  • How many elective courses does a college studebt typically have to take to earn a bachelors degree
    8·1 answer
  • A regular guest requests his wife’s favorite dish a short while before the kitchens closing time. The chef informs the guest tha
    14·1 answer
  • On July 1, Arcola Company purchases equipment for $330,000. The equipment has an estimated useful life of 10 years and expected
    5·1 answer
  • Terra Corp. is incorporated in Florida with its principal office in Destin. Phyllis is the president of Terra Corp. and owns 51%
    8·1 answer
  • The entity that promises to make the interest and maturity payments for a bond issue is called the:.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!