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
Bingel [31]
4 years ago
14

How does a country determine whether it has a comparative advantage in the production of certain goods?

Business
1 answer:
Sergeu [11.5K]4 years ago
7 0

Answer:

Comparative Advantage: A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country as compared to the other country.

For determining comparative advantage, countries compare their good's opportunity cost with the other country's goods opportunity cost.

You might be interested in
The market for salmon is in equilibrium. A price ceiling, a price floor, and a quota limit in this market would all have what ou
morpeh [17]

Answer:

a. Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.

Explanation:

Dead weight loss created by a quantity exchanged that is less than the equilibrium quantity .Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.when the total surplus is larger at the equilibrium quantity and price than it will be at any other quantity and price. Deadweight loss is loss in total surplus that occurs when the economy produces at an inefficient quantity.

3 0
3 years ago
It's time for another financial calculator problem. A UCF student (who has not taken FIN 2100) decides that he really needs a la
Alchen [17]

Answer:

The answer is: E) None of the above

Explanation:

Using an excel spreadsheet and the RATE function, we can calculate the monthly interest rate of renting the TV:

=RATE(36,-60,1000)

= 4.94% monthly interest rate

Then we multiply the monthly interest rate by twelve to get the APR:

APR = 4.94% x 12 = 59.3%

5 0
3 years ago
Introduction to the future value of money Aa Aa Under the concepts of the time value of money, you can determine the future valu
nika2105 [10]
So what to do hear what’s the answers
8 0
3 years ago
Lucy and Everly, a clothing retail company, wants to collect secondary data on the buying behavior of teenage customers in its n
MrRissso [65]

The action that Lucy and Everly will most likely take is obtaining of data compiled by databases created by marketing research firms within the new geographic market.

Marketing research means a process of gathering, recording, analyzing and drawing conclusion on collected data from potential customers of a product to facilitate decision making.

  • Main purpose of the marketing research is to provides information which are relevant for decision making in the firm.

  • A marketing research data are also provided by marketing research firms to firms who need them.

In conclusion, the action that Lucy and Everly will most likely take is obtaining of data compiled by databases created by marketing research firms within the new geographic market.

Read more about Marketing research

<em>brainly.com/question/24967957</em>

5 0
2 years ago
Louis Petit, a manager of Doggone Gorgeous, Inc., was reviewing the water bills of a dog daycare and spa. He determined that its
Sergeeva-Olga [200]

Answer:

Fixed cost = $1100

Explanation:

given data

Highest bill = $3,800

lowest bills = $2,000

dog washed in May = 600

dog washed in November = 200

to find out

fixed cost associated with the company's water bill

solution

first we get here variable cost that is express as

variable cost = (Highest bill - Lowest bill) ÷  ( Dogs washed may - Dogs washed November )  ...........1

put here value we get

variable cost = \frac{3800-2000}{600-200}

variable cost = $4.5 per dog

so fixed cost will be here as

Fixed cost = Total cost to wash 600 dogs - Variable cost to wash 600 dogs

Fixed cost = $3800 - $4.5 × 600 dogs

Fixed cost = $3800 - $2700

Fixed cost = $1100

7 0
3 years ago
Other questions:
  • Ross lives in a house he received as a gift from his father. His father had lived in the house for 12 years.
    15·1 answer
  • The earnings and dividends of Nsuala Computer Co. are expected to grow at an annual rate of 15 percent over the next 4 years and
    13·1 answer
  • The nodes on the original internet system were ________. large corporations marketing companies educational institutions militar
    7·1 answer
  • Demand is projected to be 600 units for the first half of the year and 900 units for the second half. The monthly holding cost i
    8·1 answer
  • Suppose a hypothetical economy is currently in a situation of deficient aggregate demand of $64 billion. Four economists agree t
    5·1 answer
  • The general fund of Battle Creek budgeted a transfer to its capital projects fund for $110,000 to be used in operations during t
    7·1 answer
  • Mason Company manufactures four products in a single production facility. The company uses activity-based costing. The following
    7·1 answer
  • A national survey of asthma conducted on May 1, 2012, obtained the following results for the state of Oklahoma: X = The number o
    8·1 answer
  • I neeeeeeeed help 10 points​
    14·1 answer
  • The condensed product-line income statement for Rhinebeck Company for the month of October is as follows:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!