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
lozanna [386]
4 years ago
14

Two people can benefit from specialization and trade by obtaining a good at a price that is a. lower than his or her opportunity

cost of that good. b. the same as his or her opportunity cost of that good. c. higher than his or her opportunity cost of that good. d. different than his or her opportunity cost of that good.
Business
1 answer:
denis-greek [22]4 years ago
8 0

Answer: Option (a) is correct.

Explanation:

Correct Option: Lower than his opportunity cost of that good.

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

In our case, if people obtained a good at a price that is lower than his opportunity cost of that good then he will be benefited from the trade.

You might be interested in
A ____ is a strategic alliance in which two existing companies collaborate to form a third, independent company. question 37 opt
d1i1m1o1n [39]

A Joint Venture is a strategic alliance in which two existing companies collaborate to form a third, independent company.

4 0
3 years ago
Read 2 more answers
How does a weak currency give a country an unfair advantage in trade?.
harina [27]

Answer:

From the countries point of view with the weaker currency, their goods are relatively cheaper to other countries, and other countries goods are relatively more expensive to this country (Say Country A) as they have a weaker currency.

From the point of view of Country B, with a stable currency, Country A's goods are relatively cheaper because they have a weaker currency.

Due to this scenarios, Country B will export less to Country A than import because Country B will be buying more of Country A's product as it is relatively cheaper. It will export less to Country A because Country B's products are relatively more expensive to Country A due to their weak currency.

6 0
3 years ago
A firm creates value by?
djverab [1.8K]

Answer:

Paying more cash to its creditors and stockholders than the amount it received from them (1)

Explanation:

Stockholders are the primary owners of the company who have invested their money in the company's shares i.e equity holders and expect a reasonable returns higher than their investment.

Creditors are money lenders like banks i.e debt holders who have given loan or bank overdraft to the company and expecting the company to pay back at an agreed date with interest.

A firm creates value by being able to invest money sourced from various investors into a viable project that guaranteed greater returns than the weighted average cost of capital.

6 0
3 years ago
How does a manufacturer set his or her total output to maximize profit?
strojnjashka [21]

A manufacturer would need to find the production quantity where the marginal rate of return equals marginal costs (this is called the equilibrium point). This would be the point where profits are maximized.

5 0
3 years ago
Offering material inducements to gain international cooperation is an example of:
Nadya [2.5K]
<h3>♫ - - - - - - - - - - - - - - - ~Hello There!~ - - - - - - - - - - - - - - - ♫</h3>

➷ It is an example of 'hard power'

<h3><u>✽</u></h3>

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

↬ ʜᴀɴɴᴀʜ ♡

5 0
4 years ago
Other questions:
  • Victorinox is the name of the company that manufactures Swiss army knives. As a result of new regulations governing what passeng
    9·1 answer
  • 50 points to whoever can write me a song about a girl names kaitlin make it a love song and a rap at the same time please need i
    9·1 answer
  • tahir owns and operates a gym. In 2020, he purchased and placed the following new assets into service for his business: March 17
    15·1 answer
  • The President asks Congress to approve a budget in which individual income taxes are raised by 5%. Explain how this could affect
    8·2 answers
  • You are the CEO of a small company that sells transportation and logistics software. Your company has not been doing well becaus
    13·1 answer
  • Which of the following is a current asset?
    14·1 answer
  • Krumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.4 ounces of aluminum per can.
    7·1 answer
  • Which of the following best describes what a manager does?
    15·2 answers
  • Qtr5g66677<br> Math problem
    15·1 answer
  • When there is high unemployment,
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!