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frosja888 [35]
3 years ago
6

What is Absolute and comparative advantage

Business
1 answer:
Romashka [77]3 years ago
6 0
Absolute Advantage is the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.
Comparative Advantage is the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
The producer that requires a smaller quantity inputs to produce a good is said to have an absolute advantage in producing that good. Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another
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Becca is a manager in the credit department for 3STAR Motors. Joe Greene is a new employee in her department. While Joe has been
Dmitriy789 [7]

Answer: coaching Joe rather than helping him.

Explanation:

Based on the scenario in the question, Becca's approach to getting Joe up to speed indicates that she is coaching rather Joe than helping him.

A coach is someone who guides someone and makes them better and believe in themselves. Since Becca has provided Joe with guidance by offering advice, encouragement, and instructions, this shows that Becca has been coaching him.

4 0
3 years ago
Which of the following tactics might public sector unions use to increase management's cost of disagreeing with the union positi
rjkz [21]

Answer:

D. All the above are legal tactics that the union can use to pressure management to accept the union's position on an issue.

Explanation:

Each and everyone one of the options mentioned above are tactics adopted by the union in pressuring management to accept their position on most of the issues which they have or are arguing about.

5 0
4 years ago
Moody Farms just paid a dividend of $4.00 on its stock. The growth rate in dividends is expected to be a constant 6 percent per
Dimas [21]

Answer:

the current share price is $73.31

Explanation:

The computation of the current share price is shown below:

P0 = [{D0 × (1 + g)} ÷ (1 + r1)] + [{D0 × (1 + g)^2} ÷ (1 + r1)^2] + [{D0 × (1 + g)^3} ÷ (1 + r1)^3] +  [{D0 × (1 + g)^4} ÷ {(1 + r1)^3(1 + r2)}] + [{D0 × (1 + g)^5} ÷ {(1 + r1)^3(1 + r2)^2] +  [{D0 × (1 + g)^6} ÷ {(1 + r1)^3(1 + r2)^3] + [{D0 × (1 + g)^7} ÷ {(rC - g)(1 + r1)^3(1 + r2)^3]

= [($4 × 1.06) ÷ 1.15] + [($4 × 1.062) ÷ 1.152] + [($4 × 1.063) ÷ 1.153] + [($4 × 1.064) ÷ (1.153 × 1.13)] + [($4 × 1.065) ÷ (1.153 × 1.132)] + [($4 × 1.066) ÷ (1.153 × 1.133)] +  [($4 × 1.067) ÷ {(0.11 - 0.06)(1.153 × 1.133)}]

= $3.69 + $3.40 + $3.13 + $2.94 + $2.76 + $2.59 + $54.82

= $73.31

hence, the current share price is $73.31

3 0
3 years ago
Arie is a team lead for a group of engineers working on a new product. Arie decides to assign four additional engineers to the p
Vlad1618 [11]

Answer:

B. managerial

Explanation:

When something involves activities of management is called managerial.<em> In the example given this is the nature of the behavior because Arie is organizing and directing the corporation in order to optimize and be efficient.</em>

I hope you find this information useful and interesting! Good luck!

7 0
3 years ago
1. Which of the following BEST defines a down payment?
IrinaK [193]

Answer:

3

Explanation:

It has to be this one because it is intial payment to help someone.

4 0
3 years ago
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