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vichka [17]
3 years ago
6

What type of cost involves an evaluation of comparative advantage and disadvantages

Business
1 answer:
vlabodo [156]3 years ago
7 0

Answer:

It is the "opportunity cost."

Explanation:

The "opportunity cost" is considered to be the cost that a person incurs in relation to the benefits of the other option that he didn't choose. When it comes to comparative advantage, this cost is naturally present. Comparative advantage refers to the ability that a person or a business is able to produce a good more efficiently compared to another activity he didn't choose. The opportunity cost plays a vital role here.

When a person/company evaluates the advantages and disadvantages of two options (for example), they will try to weigh these things. If the advantages of one option outweighs the other, the person/company will choose this because it is more efficient. The" opportunity cost" here refers to the cost that they incurred relating to the enjoyment benefits from the other option, as they haven't chosen it.

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Under the Articles of Confederation, the government was not allowed to regulate commerce which allowed states to trade unfairly
GarryVolchara [31]

Answer:

2) trade to decrease

Explanation:

Unfair trade practices always hurt those who wish to trade fairly and benefit those companies or individuals that are close to the authorities that impose the unfair trade practices. In other words, unfair trade practices are the result of public corruption, and both consumers and honest producers are hurt by them.

The Articles of Confederation didn't allow congress to regulate interstate commerce, resulting in unfair trade practices like discretionary tariffs imposed to hurt producers from other states and favor local producers who sold their products at higher than market prices, hurting local consumers.

6 0
3 years ago
How does better equipment affect Labour productivity
Temka [501]

Answer:

It helps get everything done faster and better.

Explanation:

If you're using good tools obviously you'll get a better outcome in a better time.

8 0
3 years ago
What does the phrase​ "internalizing an external​ cost" mean? A. prohibiting economic activities that create externalities B. fo
marin [14]

Answer:

B. forcing producers to factor into their production​ costs , the cost of the externalities created in the production of their output

Explanation:

" internalizing an external​ cost " -  

It is the process of shifting the cost or the burden from negative externality like the pollution , to inside .

And this process is achieved via paying taxes , the government subsidies , tolls etc .

Hence , the correct explanation for " internalizing an external​ cost " is ( b ) .

4 0
3 years ago
Most phone numbers are seven digits long, and this fits within the memory span of digits for most people. when is it helpful to
irina1246 [14]
It is helpful to convert phone numbers into letters when you are advertising for a business.  For example, if you were advertising for a fish market, the phone number could be something like "123-FISH".  This is helpful to remember the numbers for a lot of people.  It's a lot more likely someone will remember  "123-FISH" than a bunch of random numbers.

Hope this helps!! 
8 0
4 years ago
During the late 1990s, a lot of big animation companies started to move away from the traditional hand-drawn animation and towar
malfutka [58]

Answer:

Structural unemployment

Explanation:

Structural unemployment is the type that occurs as a result of changes in an industry that results in a mismatch between the job requirements and the skills the workers have to offer.

In the given scenario big animation companies started to move away from the traditional hand-drawn animation and towards computer animation.

So workers that were skilled in traditional hand drawing and who did not know how to do computer animation were now redundant.

This resulted in the mass lay offs. It is an example of structural unemployment

4 0
3 years ago
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