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Margaret [11]
4 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]4 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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In a command economy, who determines what to produce? (1 point individuals government businesses stockowners
HACTEHA [7]
The correct answer is government, i just took the test lol
7 0
3 years ago
Monopoly output is _____ the corresponding output for perfectly competitive industries. Please choose the correct answer from th
photoshop1234 [79]

Monopoly output is _the same as (B) ______ the corresponding output for perfectly competitive industries

<h3>Similarity between a monopolistic market and perfectly competitive market </h3>

A monopolistic market is similar to a perfectly competitive market because both markets determine the prices and supply of goods and services in the market. although a perfectly competitive market consists of several firms no particular firm controls the market which makes the group of firms as act as a monopoly.

Hence the output of a monopoly is similar to the output of a perfectly competitive industries.

Learn more about Monopolistic markets :  brainly.com/question/24877850

#SPJ1

4 0
2 years ago
Explain how firms that compete in the four different market structures determine profitability.
WITCHER [35]

The four different market structures determine profitability.

perfect competition, monopolistic competition, oligopoly, and monopoly.

Profitability is a measure of an organization's profit relative to its costs. A more efficient organization earns higher profit margins than an inefficient organization that must spend more to achieve the same profit.

Profitability is measured in terms of income and expenses. Income is the money generated by a company's activities. For example, if you produce and sell crops or livestock, income will be generated. However, the money that flows into the business, such as borrowing money, is not income.

The accounting definition of profitability is when a company's total revenue exceeds its total expenses. This number is called net income, or income minus expenses, according to Iowa State University. Revenue is the total income generated by the company.

Learn more about Profitability brainly.com/question/27911836

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4 0
1 year ago
The accountant at Novak Corp. has determined that income before income taxes amounted to $13400 using the FIFO costing assumptio
Blizzard [7]

Answer:

The correct answer is $17,066.67.

Explanation:

According to the scenario, the computation of the given data are as follows:

Income before Income tax, FIFO = $13,400

Tax rate = 30%

So, Income tax amount, FIFO = $13,400 × 30% = $4,020

So, Tax amount, LIFO = $4,020 + $1,100 = $5,120

We can calculate the income before taxes by using following method,

Income before taxes, LIFO = $5,120 ÷ 30%

= $17,066.67

5 0
4 years ago
(TCO E &amp; F) A _____ position in T-bond futures should be used to hedge falling interest rates and a _____ position in T-bond
MariettaO [177]

Answer: The correct answer is LONG; LONG

Explanation: A long position means the holder of the position owns the stock. A long position in a financial insteument means the holder of the position owns a positive amount of the instrument and has the expectation of an increase in value.

A short position refers to when the seller of the financial instrument does not own it.

6 0
3 years ago
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