Answer:
If a nation has an absolute advantage in the production of a good:
a. it can produce that good at a lower opportunity cost than its trading partner.
Explanation:
Absolute Advantage:
In production, the absolute advantage is defined as the capacity of a company or a business or a nation to produce such products that are of good quality in comparison with its competitors while utilizing the same resources (money, time) as its competitors.
- So in this case, the option a is correct because if a nation has absolute advantage in the production then it can produce that good at low opportunity cost than its trading cost. as compared to its competitors.
- The option b is not valid as in absolute advantage in production the quality is better but the resources remain same.
- The option c is not valid as it doesn't have to restrict imports of the good to get the benefit as that good have good quality in comparison with the competitors.
- The option d is not correct as absolute advantage in production make the nation already special in the production.
Risk aversion is the behavior in someone when they are exposed to uncertainty and are unsure of something due to being uncertain about it.
In this case, reluctant for taking changes when making investment best describes risk aversion from an economics stand point. If someone isn't sure the return on investment they would get from investing or the risks associated with investing in something, they are more hesitant to do that.
Considering the situation, it is <u>True</u> that a career in the Foreign Services pathway of the Government and Public Administration cluster might be a good fit for Amelia.
<h3>What is the Foreign Services pathway?</h3>
Foreign Services pathway is a department in government public services whose expertise and undertakings are found in U.S. embassies, political and economic analysis, or assisting American citizens overseas.
<h3>Workers in the Foreign Services pathway works in the following places:</h3>
- Embassies
- Consulates
- Diplomatic missions
- Washington, D.C., etc.
Hence, in this case, it is concluded that the correct answer is <u>True</u>.
Learn more about the Careers in Government here: brainly.com/question/646839
Answer: Because investing in Mutual Funds less risky because it is diversification and professionally managed where as a company's stock is not.
Answer:
Q= TFC/(SP-VC)
Break Even Point in Units = 1116.67 ≅1117
Explanation:
Dilts Company
Sales price $630,
Variable costs per unit $380,
Contribution Margin 300
Fixed costs $335,000
The Mathematical Equation
Q= No of units
Total Revenue= TR
Total Cost = TC
Total Fixed Costs= TFC
Variable Costs= VC
Sales Price = SP
Total Revenue= TR= Price Per unit * No Of units = SP * Q
Total Cost = TC = Total Fixed Costs + Variable Costs ( Number of Units)=
TC= TFC + VC*Q
Now according to break even the total revenue must equal the the total costs
TR= TC
SP*Q= TFC + VC*Q
On re arranging the above equation
SP*Q- VC*Q= TFC
Q(SP-VC)= TFC
Q= TFC/(SP-VC)
Number of Units=Total Fixed Costs/Sales Price- Variable Costs
b) Break Even Point in units = Fixed Costs/ Contribution Margin per unit
Break Even Point in units = Fixed Costs/ (Sales- Variable cost)
Break Even Point in Units = $335,000/ 300= 1116.67 ≅1117