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3 years ago

What is the principle of comparative cost advantage

Business

1 answer:

sergejj [24]3 years ago

5 0

Answer:

Comparative cost advantages is characterized by an economy's ability to produce goods and services at a lower opportunity cost than that of its competitors.

Explanation:

Basically, a person has a comparative advantage if they can produce an item at a lower cost than their competitors. Thus, if a country has the means and resources to produce a certain product for cheaper, then they have a comparative advantage.

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Svetlanka [38]

The correct answer to this open question is the following.

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Alex

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a. the difference between deficits and surpluses

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3 years ago

A pharmaceutical company wishes to test the efficacy of a new antidepressant using a double-blind procedure. which alternative c

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4 years ago

The amount of joint costs allocated to product DBB-1 using the sales value at split-off method is (calculate all ratios and perc

kobusy [5.1K]

Answer:

$2,213,640

Explanation:

Calculation for the amount of joint costs allocated to product DBB-1 using the sales value at split-off method

First step is to calculate the total amount

DBB-1= 16,000 units *$25

DBB-1= 400,000

DBB-2= 24,000 units *$35

DBB-2= 840,000

DBB-2= 36,000 units *$55

DBB-2= 1,980,000

Total =3,220,000

(400,000+840,000+1,980,000)

Second step is to calculate the Weight for DBB-3

Weight for DBB-3= 1,980,000 / 3,220,000 Weight for DBB-3=61.49%

Now let calculate the Joint cost for DBB-3

Joint cost for DBB-3=$36,00,000*61.49%

Joint cost for DBB-3=$2,213,640

Therefore The amount of joint costs allocated to product DBB-1 using the sales value at split-off method is $2,213,640

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3 years ago

What is the principle of comparative cost advantage​

What is the principle of comparative cost advantage