The ability of one person or nation to produce more of a good while using the same quantity of resources as another is called an absolute advantage.
The ability of a party to provide an item or service more efficiently than its rivals is known as the principle of absolute advantage in economics. The idea of absolute advantage was initially put forth in the context of international trade by Scottish economist Adam Smith in 1776, using labor as the only input.
An economy has absolute advantage if it can create more things overall while using the same amount of inputs. Absolute advantage entails lower costs and the use of fewer resources to create the same amount of goods than in other economies.
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,Answer:
See below
Explanation:
A B C
Sales revenue
$70,000 $145,000 $32,000
Variable costs
($42,000) ($77,000) ($20,000)
Contribution margin
$28,000 $68,000 $12,000
Fixed costs
Operating income loss
The total operating income is
= $16,700 + $34,500 + ($950)
= $50,250
Should the fixed cost of C be eliminated, the operating income/(loss) of C
= $6,000 - $950
= $5,050
This is the net increase in the total operating income
<span>Using the currently accepted equation, a 70-year-old man might realistically have a maximal heart rate of 160 beats per minute
This level of maximal heart rate could only be achieved if the 70-year-old man regularly do </span><span>vigorous-intensity physical activities throughout its life, such as swimming, cycling, etc</span>
Answer:
11.5%
Explanation:
WACC = weight of equity x cost of equity + weight of debt x cost of debt x (1 - tax rate)
Answer:
A. higher; C-CP
Explanation:
As the exercise says, John wants students to see that food and energy prices have risen more rapidly than other market items used in the Consumer Price Index (CPI) calculation. He wants students to see the increase in the core inflation, because food and energy are the main expenses of people. But for CPI calculation there are other items to consider. So the core inflation will be higher than the CPI (inflation, considering all items), as food and energy prices increased more than the other products considered in the CPI.
The second part of the excersise says that there might be substitution, that is people consuming less expensive goods or services, which will lead to a change in the measuring of the C-CPI as the prices to consider will be lower, so C-CPI will be less
