Answer:
= A fall in the cost of production
Explanation:
= A fall in the cost of production= A fall in the cost of production= A fall in the cost of production
Answer:
the learning percentage is 78.95%
Explanation:
The computation of the learning percentage is shown below;
= The next unit ÷ first unit
= 15 hours ÷ 19 hours
= 78.95%
We simply divided the two items with each other so that the correct percentage could arrive
hence, the learning percentage is 78.95%
Answer: perceived benefits versus perceived costs of search
Explanation:
The fact the family takes more time in that which is more valuable shows that it follows the concept of perceived benefits versus perceived costs of search. The car is of greater value than the kitchen appliance hence the carefulness for it's selection.
Answer:
Option E
Explanation:
Absolute advantage means that with the same input one country is able to produce more goods and services as compared to the other.
As we can see, Germany is able to produce 40 tons of steel with the same inputs as that of South Korea.
In the same way, Germany is able to produce 10 personal computers with the same inputs as that of South Korea.
Hence, Germany has an absolute advantage in the production of both steel and PCs
Option E is correct
