<span>Absolute advantage is the ability to produce a good or a service at a lower production cost than competitors. Comparative advantage is the ability to produce a good or service at a lower opportunity cost than competitors.
Absolute advantage refers to the ability to produce a good more efficiently than a competitor, which means at a lower cost. Comparative advantage means that, relative to the cost of producing other products, you can produce the good at a lower cost. This is also known as the opportunity cost. </span><span />
Hello. You forgot to place the diagrams. It is important to remember, that the questions must be posted complete, so that you get the answer you deserve.
The diagrams are in the figure attached below:
Answer:
The letter B is the right answer.
Explanation:
Opportunity cost is an economic term related to a moment of choice, in which an individual must give up something, so that something else can be done. This term applies not only to economics, but to various situations in different sectors and even in our personal lives.
An example of this can be seen in options B, which is shown in the attached figure below. In the option, we are faced with a situation where if the city decides to invest in road repair, that same city will not have enough money to build a new museum. Therefore, the city must make a choice.
Answer:
Variable versus Fixed Costs
Cash cost Non-cash cost
Variable cost Fuel, seed, fertilizer, herbicides, equipment repair, hired labor Some tractor depreciation and interest
Fixed cost Property tax, insurance, self-employed labor Some tractor depreciation, implement depreciation and interest, land charge
Explanation:
MARK ME AS BRAINLIEST PLS :)
Answer:
Explanation:
The Qin dynasty unified China by creating a strong central government and creating a standard improved record keeping
Before the Qin, most government positions were inherited and people had to to get a government position
Answer:
I dont beilive that he should do that because they surround the capital and they contorl everything in the embassy from radio to war plans.. they could use this against him anytime or anywhere..
Explanation:
