If Austin can produce potato chips at a lower opportunity cost than William, then Austin has a comparative advantage in the production of potato chips.
Comparative advantage refers to a situation in which an individual, business or country can produce a good or service at a lower opportunity cost than another producers or businesses.
In production a lower opportunity cost creates a comparative advantage. So here in this situation a comparative advantage in one good implies a comparative disadvantage in another.
Hence, comparative advantage is the ability of a producer to produce a good or service for a lower opportunity cost than its competitor.
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Answer:
B) 12 items per hour.
Explanation:
Calculation for the labor productivity of Crystalize.
Using this formula
Labor productivity=Numbers of items produce/Hours to produce
Let plug in the formula
Labor productivity=96/8
Labor productivity= 12 items per hour
Therefore labor productivity of Crystalize will be 12 items per hour.
B. i would choose b anyways. if you choose C. They could report you and you would be caught with it. A. i wouldn't what if they don't smoke and report you.
Domestic marketing refers to carrying out marketing activities within the national boundaries. International marketing refers to carrying out marketing activities outside the national boundaries also. It refers to doing marketing in local market and it's scope is limited.
<h3>How important is international marketing?</h3>
The role of international marketing ensures that the marketing mix for a company's product or service matches (changing) international customer needs as well as seeking opportunities to use a company's competitive advantages to market other products in new and existing markets.
Domestic marketing is the supply and demand of goods and services within a single country. In domestic trading, a firm faces only one set of competitive, economic, and market issues and essentially must deal with only one set of customers, although the company may have several segments in a market.
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