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leonid [27]
1 year ago
15

What is the difference between comparative advantage and absolute advantage?

Business
1 answer:
goldenfox [79]1 year 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:

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In two or more complete sentences, compare and contrast making a purchase with a debit card versus making a purchase with a cred
Vlad [161]

Answer:

When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.

Explanation:

When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.

3 0
2 years ago
embroidered dog apparel over the Internet. Her annual revenue is​ $128,000 per​ year, the explicit costs of her business are​ $4
IceJOKER [234]

Answer:

$86,000

Explanation:

The opportunity cost is an economic concept. It is the cost of the alternative foregone. Accounting profit does not take into cognizance the alternative foregone.

It only considers the explicit cost incurred in the process of making sales or generating revenue.

As such,

Accounting profit = $128,000 - $42,000

= $86,000

7 0
3 years ago
A liquidity ratio measures the Group of answer choices income or operating success of an enterprise over a period of time. abili
mr Goodwill [35]

Answer:

short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash

Explanation:

A liquidity ratio can be regarded as type of financial ratio which is been utilized in determination of a ability of a company to pay out its short-term debt obligations. The metric is way to determine if there is a possibility for company to use its current as well as liquid and assets to cover up for its current liabilities.

It should be noted that A liquidity ratio measures short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash.

6 0
3 years ago
Interest amounting to $4 was credited to your account by the bank in September. The bank's service charge for the month was $5.
allsm [11]

Answer:

Bank Reconciliation Statement as at October 2:

Balance as per checkbook            $601

Add: Electronic transfer             $2,400

       Interest                                       $4

Less: Bank charge                            ($5)

Balance as per bank statement $3,000

Explanation:

A bank reconciliation statement is a statement prepared periodically to reconcile the balance in the cash book with the balance shown on a bank statement.

The process starts with identifying transactions that do not (do) appear in the cash book and those that do not (do) appear in the bank statement, which did not appear in the other.  Errors are also identified and corrected during the process.  After this, the reconciliation statement is prepared to agree the two sources of balances.

6 0
3 years ago
"During this period, employees had more input into management decisions and how they performed their jobs. The use of groups and
Lyrx [107]

Answer: The 1990s

Explanation:

The aim of human relations is to enable the creation of a win-win scenario such that employee needs can be satisfied and organizational objectives can also be achievable.

In the 1990s, employees had more input into management decisions and how they performed their jobs. Also, the use of groups and teams also became popular.

8 0
3 years ago
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