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
VladimirAG [237]
3 years ago
13

It is better for businesses to have opportunity costs, as it often gives them a comparative advantage.

History
2 answers:
vlada-n [284]3 years ago
5 1
The correct answer is lower.

Hope this helps!

P.S. I want to be the Brainy
bixtya [17]3 years ago
3 0

The correct answer is Lower.

O<u>pportunity cost is a microeconomic concept that is intended to measure the losses that a production choice entails.</u> For example, the opportunity cost of opening a chocolate factory is what could have been done with the capital employed in the factory. It could have been applied in the financial market, or in any other productive activity. Realize that opportunity cost is a relative measure.

<u>The concept of comparative advantage is used when the production of good is relatively more efficient than the production of another good.</u> That is, comparative advantage is analyzed from the opportunity cost perspective!

<u>A production decision is made rationally.</u> In this way, if a company was opened, it means that money was employed in the best possible way, that is, the opportunity cost was lower. And the opportunity cost was lower because the company has a comparative advantage over other activities that could have been practiced with the money invested in the firm.

You might be interested in
Which best describes the Battle of the Bulge?
Ratling [72]

Answer:

D

Explanation:

i legit <em>just</em> got <u>the</u> same question lol have a nice day

8 0
2 years ago
Read 2 more answers
4.Each of the two upper chambers of the heart that receives blood that comes into the heart is called the ______________________
Natalka [10]
Left and right atrium. i hope this helps :)
5 0
3 years ago
Read 2 more answers
Religious songs, otherwise known as ___, reflected the emphasis slaves placed on religion and their belief that deliverance from
Sedaia [141]

Answer:

The answer should be Spirituals.

7 0
3 years ago
The beliefs of which ancient Egyptian are most similar to Abraham's beliefs?
Nonamiya [84]
The Akhenaten.
It was a short lived religion, it was monotheistic. How ever it died after the king died.
5 0
3 years ago
Read 2 more answers
How did the Industrial Revolution affect workers?
julsineya [31]

The first answer answers only half of it.

True, the Industrial Revolution eliminated many jobs, but in exchange, it brought about new jobs. What does this mean? It means that the types of jobs migrated from one sector to another, resulting in new people into the economy or people who lost their jobs in certain areas to migrate to the new industries, which in this case is the manufacturing industry.

The Industrial Revolution brought about many changes for the common worker. First, it offered set wages, which was much more steady than turning a profit with crops, and was received regularly, sometimes daily, weekly, monthly, or even yearly. Second, it brought about a common work schedule. People were expected to go to work at 7 and come off at around 5, depending on the area as well as industry that they were working at. The third was that it created a sense of close-knit community, which allowed them to get to know each other better and be able to band together for change if needed. This is extremely important, as previously people typically lived in large expanse of land (as more land and helping hands typically meant more money earned because of the large production of crops. This also meant they rarely see others frequently). Third, it created the groundwork to making rights for individuals on not only the industry level, but also on a national level. The Industrial Revolution saw the creation of workers guilds and labor unions, which were a collection of workers in similar industries that had enough power to demand change with their employers, which led to a series of fights in between owners and workers, either physically, legally, or anything in between. Finally, the Industrial Revolution laid the groundwork for the middle class to start and expand, defined by owning a house or apartment, having a job, and raising a family (in most cases). This definition changes with time, and especially during the period surrounding World War II.

The Industrial Revolution affected workers by changing the focus of the ordinary American citizen from farming either food crops or cash crops for profit and meal, to working in manufacturing and a wage. Especially in the North, the creation of the IR and factories led to mass production of necessities and discretionary items that ease the way of life for the working middle class. In the end, the Industrial Revolution truly revolutionized America, and set her up on the road to becoming a global economic power, which, combined with being able to change their economic model into a militaristic model, and winning two world wars, set her up to become a world superpower.

7 0
3 years ago
Other questions:
  • The Council of Trent was called to:
    14·1 answer
  • What leader is associated with the "blood and iron" unification of Germany?
    5·2 answers
  • Did my answer help you?
    5·2 answers
  • Which best describes the way photographs are considered by historians
    10·1 answer
  • Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof…" —First Amendment
    10·2 answers
  • List reasons why more people are moving to the southwest
    6·1 answer
  • which of the following communities lasted the longest?New Harmony, The Oneida Community, Red Bank, Brook Farm
    5·1 answer
  • Which does the Ninth Amendment limit? an individual’s freedom of speech government power an individual’s right to trial due proc
    6·2 answers
  • No links pls, best answer gets brainliest
    10·1 answer
  • Question 2 of 10
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!