The correct option is B. A country can produce beach balls at a lower opportunity cost than any other country. It has a comparative advantage in producing beach balls.
The capacity of an actor to create an item or a service for less money than a rival.
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What is a comparative advantage in economics?</h3>
Developed by British economist David Ricardo in the 19th century, comparative advantage is an economic theory that links differences in relative opportunity costs, or the price paid for providing a given item, between nations, to the causes and benefits of international commerce.
If someone can create something for less money than anyone else, they have a comparative advantage. Comparative advantage is different from superiority in a given field.
The best choice is B. A nation can create beach balls for less money than any other nation. In terms of making beach balls, it has a comparative advantage.
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Answer:
The dollar amount for ending inventory using the last-in-first-out method of inventory valuation is $50
Explanation:
Using LIFO,last-in-first-out method of inventory valuation,items received last into the store are deemed to be sold first, hence the sales of 10 units on March 1 was the inventory purchased on February 28, leaving the items of inventory purchased on January 3 as closing inventory
value of closing inventory using LIFO=10*$5=$50
The real interest rate tell you: C. <span>. how fast the purchasing power of your bank account rises over time
Real interest rates is calculated through nominal interest rate minus the inflation rate. Imvestors often used this type of measurement to make a certain prediction on how much return that they could receive from their investment after considering inflation.</span>
Answer:
c. It must cost the seller more to service some customers than others.
Explanation:
Price discrimination is when a producer is able to differentiate prices and take advantage of its consumers' surplus.
A price searcher is someone who can influence their prices to change, price discrimination is not possible without being a price searcher.
The seller must also be able to distinguish between different customer groups if not individual customers, hence the distinguish is a must for price discriminators.
Reselling the product must be expensive and hard other wise economic agents would buy the products where there is a lower price and take advantage by selling where differentiated price is high.
However point C, is conditional and it may actually not cost the seller any additional costs to charge different prices.
Hope that helps.
The appropriate “weighted” in the weighted-criteria evaluation system is derived from the fact that the company will consider particular criteria more important than others and therefore, will give those criteria a higher possible part of the complete score.
The weighted criteria evaluation system is a valuable decision-making technique that is used to analyse program options based on particular evaluation criteria weighted by significance.
By evaluating various options based on their performance with respect to personal criteria, a value for the options can be recognized. The value for each option can be collated to generate a rank order of their performance connected to the criteria as a whole.
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