Answer:
A
Explanation:
A country gains from trade if it specialises in the production of the good for which it has a comparative advantage
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. this means that the country can produce the good by forgoing fewer alternative products
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice
Given that Daniel spent months writing a business plan, this goes to show that Daniel understands the steps needed to start a small business.
<h3>What is a business plan?</h3>
This is a plan that shows the details of a business company. The document shows the objectives that the company has.
This document also tells how the business plans to go about achieving all the goals that it has set for itself.
Read more on business plans here:brainly.com/question/25311149
Answer:
Explanation:
Serving them with a unique (service/product usage) experience they will not receive form the competition. Create and make a difference for them and tell them about that.
E.g. - the idea of exclusivity air a personalized approach.
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Answer:
Average fixed cost to produce 8,000 specialty pizza was $2
Explanation:
The computation of the average fixed cost is shown below:
Average fixed cost = (Total fixed cost) ÷ (number of pizzas produced)
where,
Total fixed cost = Total cost - variable cost
= $40,000 - $24,000
= $16,000
And, the number of pizzas produced is 8,000
Now put these values to the above formula
So, the value would equal to
= $16,000 ÷ 8,000
= $2
