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3 years ago

The law of comparative advantage applies to exchange between

Business

2 answers:

lana66690 [7]3 years ago

4 0

Answer:

The Law of Comparative Advantage states that an entity maximises its resources by producing that which gives the best return, while delegating production of all other products and services to other entities more cost-effective in their production. The law of comparative advantage describes how, under free trade, an agent will produce more of and consume less of a good for which they have a comparative advantage. Instead, one must compare the opportunity costs of producing goods across countries.

Explanation:

My name is Ann [436]3 years ago

3 0

Answer: INDIVIDUALS,REGIONS,NATIONS

Explanation:

The law of comparative advantage tries to describe the effects of changes made to an Economy, individuals,nations,regions when compared to others.

A Nation with a good comparative advantage will produce more goods and services with a reduced cost.

It helps to know how well a country,an individual,a region is good at effectively managing its resources to produce efficiently.

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2 years ago

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Elenna [48]

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2 years ago

Dolan Company's accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016Raw materials inventory $300,00

Dafna11 [192]

Answer:

$700,000

Explanation:

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3 years ago

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luda_lava [24]

Answer:

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2 years ago

Synopsis:

Tpy6a [65]

Explanation:

This is a complex issue that may reflect on the organizational culture of that company. As a leader, it is necessary to understand the situation and listen to both parties in order to find a favorable solution for the company and the employees. Since Marshall's work is important to the company, firing him at first may not be a favorable decision, what the leader can do is provide feedback to him about his interpersonal relationship at the company.

As an effective leader, it is necessary to constantly monitor the work and the relationship between employees, in which case it is necessary to understand the reason for Marshall's behavior and try to change the parameters and procedures that may be facilitating this behavior. It is necessary for him to understand that despite being an effective worker, the company is an integrated system that must be in perfect synchronicity for it to be successful in the market.

What the leader could do in this case then is to try to change the code of organizational ethics, seek training and psychological assistance for Marshall if necessary, talk to the workers who are part of the conflict to understand the situation in the best way, to seek a work redesign. , etc.

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2 years ago