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3 years ago

What is absolute advantage

2 answers:

5 0

Absolute Advantage in business terms is the fact that a certain company has everything in their favor, from great advertising team, a large and ready consumer group, the right kind of products to push out, as well as high quality and fairly low price. Compared to their competitors, they may also give better customer service, and are willing to talk about any product problems, and find solutions that satisfy both sides, which would all draw more consumers to them then their competitors, creating essentially a monopoly.

Colt1911 [192]3 years ago

3 0

In economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.

hope it helps

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Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received y

3241004551 [841]

Answer:

$1,924,410.40

Explanation:

Calculation to determine How much money will you have on the date of your retirement 40 years from today

First step is to calculate Next year’s salary

Next year’s salary = $72,500 (1 + ..037)

Next year’s salary = $75,182.50

Second step is to calculate Next year’s deposit

Next year’s deposit = $75,182.50(.05)

Next year’s deposit = $3,759.13

Third step is to find the Present Value (PV) using this formula

PV = C{[1 / (r– g)] – [1 / (r– g)] × [(1 + g) / (1 + r)]^t}

Let plug in the formula

PV = $3,759.13{[1 / (.09 – .037)] – [1 / (.09 – .037)] × [(1 + .037) / (1 + .09)]^40}

PV = $61,268.57

Now let find the Future value (FV) using this formula

FV = PV(1 + r)^t

Let plug in the formula

FV = $61,268.57(1 + .09)^40

FV = $1,924,410.40

Therefore How much money will you have on the date of your retirement 40 years from today is $1,924,410.40

6 0

3 years ago

Which of the following jobs is referred to as a trade?

Tpy6a [65]

Carpentry

Hope that helps! :)

3 0

3 years ago

Read 2 more answers

A recent study found that the death rate for people who sleep 6 to 7 hours per night is lower than the death rate for people who

padilas [110]

Answer:

Yes, I would recommend those sleeping 9 hours to consider sleeping 6 or 7 hours.

Explanation:

First of all, the sample of the study is very representative because the amount of observations is quite big: 1.1 million!. This means that the results of the study have a very low margin of error, and therefore, can be trusted.

Secondly, the calculations are simple, but correct. The easiest way to determine the mortality rate is to divide the number of people who died by the number of people who are still living, and who belong to the same sample.

6 0

3 years ago

What should be the basic goal of a firm when it sets a level of output

siniylev [52]

What should be the basic goal of a firm when it sets a level of output?

The firm should make sure that it maximizes its profits. Maximizing profits means they are making the most they possibly can with the items they are selling or services that are being offered. When they make their overall goals, they need to make sure they are going to be making as much as they possibly can to acheive their long-term goals.

8 0

3 years ago

Which one of the following statements is true?

n200080 [17]

The Statements-In a job-costing system, individual jobs use different quantities of production resources, In a process-costing system each unit uses approximately the same amount of resources.-Both the statement are True

(D) Both (a) and (b) are true.

Explanation:

A job costing system is a system in which the cost associated with a particular job is calculated.This information is important in order to submit the cost information to the customer under a contract

For example:Job costing is required for deriving the cost of construction of a building,for designing a software

Process costing is a term that is used in cost accounting.

It is used to calculate the manufacturing cost of a Product.

A processing cost system is used during the mass production of the identical units .

8 0

3 years ago