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
shutvik [7]
3 years ago
9

The law of comparative advantage indicates that if a group of individuals wants to maximize their joint output, then each good s

hould be supplied by
Business
1 answer:
Hitman42 [59]3 years ago
6 0

Answer:

b. the low opportunity cost producer.

Explanation:

Here are the options to this question :

a. the person with the lowest wage rate.

b. the low opportunity cost producer.

c. the person with the most advanced technical knowledge.

d. the person that can accomplish the task most rapidly.

a country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

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

You might be interested in
Acme enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this
Zanzabum

Answer:

$8500

Explanation:

Beg AP bal = 3000

Sold 1/2 of merch on acct = add 2500

Paid suppliers = subtract 1000

Bought more merch on acct = add 4000

3000 + 2500 - 1000 + 4000 = 8500

Ending AP bal = 8500

4 0
2 years ago
Early in your first term as President of the United States you faced an economy in the beginnings of a recession. Which of the f
astraxan [27]
Letter C I’d go with
8 0
3 years ago
Khái niệm giao tiếp trong tổ chức
Delvig [45]

Answer:

bu kin jhu

Explanation:

John jvghh bugs HHH jhu UV juggle

6 0
3 years ago
A negative attitude can lead to
vodka [1.7K]

Negative attitude can lead to high turnover

8 0
2 years ago
Park Co. is considering an investment that requires immediate payment of $21,705 and provides expected cash inflows of $6,700 an
hjlf

Answer:

The net present value of this investment is $989.32

Explanation:

The Net Present Value is calculated by taking the Present Day (discounted) value of all future net cash flows based on the business cost of capital and subtracting the initial cost of investment.

Input Value   Cash flow

CF0                ($21,705)

CF1                   $6,700

CF2                   $6,700

CF3                   $6,700

CF4                   $6,700

Cost of Capital = 7%

Input the values in a financial calculator we get the result;

Net present value = $989.3154

                              = $989.32

Conclusion :

The net present value of this investment is $989.32

8 0
3 years ago
Other questions:
  • A company purchased merchandise to be resold at increasing costs during the year 2019. The purchases were made at the following
    12·1 answer
  • What are some of the similarities and differences between the CTSOs of HOSA and Educators Rising? Please describe what makes the
    9·1 answer
  • Michael Hamwey is a realtor. He organized the business as a corporation on August 16, 2017. The business received $65,000 cash f
    11·1 answer
  • Which of the following layouts seeks the best personnel and machine utilization in repetitive or continuous​ production? A. ​Pro
    7·1 answer
  • Where does the wave erosion occur and where
    14·1 answer
  • Stor Manufacturing stores hazardous and volatile chemicals in its warehouse. The warehouse has state-of-the-art equipment to mak
    15·2 answers
  • ​which one of these is a correct definition? ​current liabilities are debts that must be repaid in 18 months or less. ​current a
    12·1 answer
  • The City of Kyle, Texas hired Wonderworks to put on its Independence Day fireworks show. Despite taking reasonable safety precau
    9·1 answer
  • Which of the following statements about government regulation of business is true?
    12·2 answers
  • When a person at a lower level skips a level in the organization chart and consults his or her boss's boss, that person is said
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!