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Margaret [11]
3 years ago
13

What is absolute​ advantage?A. The ability to produce a good or service at a lower opportunity cost than other producers.B. The

ability to produce more of a good or service than competitors using the same amount of resources.C. The ability to use all available resources to produce output.D. The gain from consuming a product whose benefit is greater than its cost.E. The gain from selling a product for more than it costs to produce that product.
Business
1 answer:
gregori [183]3 years ago
6 0

Answer:

A

Explanation:

In international trading theory the absolute advantage is the capability to produce some good with the lowes cost of opportunity possible because that is the product which represents an advantage for a nation, the do not need to evaluate their production from other product so it is their identity.

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The correct answer is option d.

Explanation:

If oligopolists are able to collude successfully, they will be able to fix price and output similar to a monopoly.

In order to maximize profits, the oligopoly firms keep their prices higher than a perfectly competitive firm but lower than monopoly. The output level is kept higher than a monopoly firm but lower than a perfectly competitive firm.

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Answer:

Allocate sufficient resources and support for the HRX initiative ( B )

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Allocating sufficient resources and support for the HRX initiative is a very good step in the right direction as the HR Manger in trying to implement the HRX initiative and also for the long term success of this Initiative as well.

since The main goal of the Head of the Human resources department is to transform the company's production level to a higher level of productivity in a quicker timer frame, dedicating more resources and support to the initiative will help to speed up activities and the company will start producing  at a very fast rate. having to increase salary will not help because the workers can only do what they can do they can't go beyond their limit hence there will be health emergencies.

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The Selling price per unit for the new 10,000 units order is $22. So, increase in revenues is to the extent of (10,000 × $22).

The question assumes excess capacity, hence fixed expenses will remain the same. The increase in Variable costs to the extent of (10,000 × $14) will contribute to an increase in costs.

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Answer:

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