<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 />
E
Explanation:
Hoffman Air Force Base is near Albuquerque New Mexico and has served as a site for development of guided missiles for long. It was a significant place in World War two efforts after being established inn 1942.
<u>It was at this base that most of the research on the atomic bomb was conducted in secrecy and has been housing nuclear weapons ever since that time.</u>
Development of the primary artillery engineering for the dispatch of the bomb was also done here.
