Answer:
B
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
Leila makes more sweaters and cookies than Sami. She has an absolute advantage
opportuntiy cost
Sami :
Sweaters = 240 / 5 = 48
cookies = 5/240 = 0.02
Answer:
take a complex, real-world issue and simplify it down to its essentials.
Explanation:
A theory can be defined as a simplified but abstract representation that gives a detailed relationship about the interaction between two or more variables.
Generally, the main purpose of a theory is to take a complex, real-world issue and simplify it down to its essentials. Thus, in economics, a theory gives a detailed explanation and an understanding of issues such as inflation, recession, taxation, etc and any problem associated with them.
In order to test theories, economists usually make use of economical models such as the production possibility frontier (PPF), Mundell-Fleming model, Classical model, Keynesian IS/LM model, Solow growth model, etc.
The correct answer for this question is this one: "YES" A business driver which focuses on ways to achieve better efficiencies to increase profits. In this way, that business driver is playing game securely. Hope this helps answer your question and have a nice day ahead.
You give back $4 because you subtract 50 cents from $16.50 and get $16 and now u subtract $20 from $16 and you get $4
Answer:
$500 U
Explanation:
From the given information:
Standard hours allowed = 3900 × 2
= 7800 hours
The variable overhead efficiency variance = ( actual hours - standard hours) × standard variable overhead rate
= (8000 -7800) × $2.50
=(200) × $2.50
= $500 U (unfavourable)
