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2 years ago

If Shawn can produce donuts at a lower opportunity cost than Sue, then ____

Business

1 answer:

Archy [21]2 years ago

4 0

Answer:

(A) Shawn has a comparative advantage in the production of donuts.

Explanation:

Shawn renounce to less goods than Sue when producing donuts.

This meas, Shawn has a comparative advantage in the production of donuts as their cost from the economic point of view are lower.

This do not imply that Sue cannot outproduce Shawn, it means it cost her more than Shawn

For example, if Sue produce 10 Donuts, but to produce donuts resing to produce 20 of other goods, each donut has an opportunity cost of 2

While Shawn can produce 8 donuts and resing to produce 8 of other goods:

each donut has an opportunity cost of 1

Therefore, is better for the overall economy to Shawn produce donuts and trade with Sue for the other good.

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3 years ago

A contractor must decide between two jobs. One job is a bathroom renovation in a residential home. The other is the construction

PtichkaEL [24]

Answer:

B: The net profit of installing the garage.

Explanation:

The opportunity cost is the next best thing that you could be doing but chose to give up in order to do something else. For example, if I chose to spend the day studying for a test, I won't have as much time to watch cat videos, hang out with my friends, or work on the website I'm coding. Since I love coding more than anything in the world, the time I could've spent coding is the opportunity cost of choosing to study.

A and C can be safely eliminated because they are describing the business expenses of the contractor, not what they could be missing out on if they choose to renovate the bathroom. In this case, D wouldn't make any sense since they wouldn't be missing out on any profits from the bathroom project at all. Therefore, the correct answer is B. The contractor can't be in two places at once, and by choosing the bathroom, they're passing up the opportunity to work on the garage and any resulting profits.

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2 years ago

I NEED HELP ASAP please

JulsSmile [24]

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3 years ago

Foreign businesses in India appear to receive unusually close scrutiny and must meet special regulations, aimed at protecting lo

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Answer: .A) nontariff trade barrier

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2 years ago

Which type of question best fits the purpose of an interview

Elena L [17]

I think the answer would be a background question.

I hope that helped :)

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2 years ago

Read 2 more answers