Because Casey can type reports faster and more accurately than Ahmet, Casey has an absolute advantage in typing reports.
This is further explained below.
<h3>What is
the absolute advantage?</h3>
Generally, The capacity of a party to provide an item or service more effectively than its rivals is the foundation of the idea of absolute advantage.
Adam Smith, a Scottish economist, originally introduced the idea of absolute advantage in 1776 when discussing international commerce and utilizing labor as the only input.
In conclusion, Casey has an unbeatable edge in terms of typing reports as compared to Ahmet due to the fact that Casey can write reports more quickly and precisely.
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The choice of <u>dedicating all the available resources to the production of only bagels</u> presents the lowest opportunity cost.
The expected profit per unit is the only data provided about the production process in the pastry shop. Therefore, those the two figures provided already contain information about the production costs of donuts and bagels, the market prices and the sold quantities, in order to deduce the profit that each product would generate.
In this situation, as the bagels make a higher profit per unit, the best option for the company would be chosing to dedicate all its resources to the production of bagels, because if not, when selling a donut the opportunity cost per unit of product would be 0.25, plus the things that the company will not be able to purchase that would have been possible if they had those extra 0.25 per unit.
Answer:
Rule of law is a principle under which all persons, institutions, and entities are accountable to laws that are:
Publicly promulgated
Equally enforced
Independently adjudicated
And consistent with international human rights principles.
The one that best describes the columbian exchange that occurred during the age of discovery is : D. it was an exchange of trade foods
Back then, the columbian exchange handles foods such as crops and dairies
hope this heps
