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vladimir1956 [14]
3 years ago
8

If the __ cost for producing a particular good is lower for one producer than another the former producer has ___ for producing

the good
Social Studies
2 answers:
kogti [31]3 years ago
7 0
The correct answer for this question is this one: market and demand.
If the raw market cost for producing a particular good is lower for one producer than another the former producer has demand for producing the good. Hope this helps you answer your question.
sergejj [24]3 years ago
5 0

Answer:

Opportunity cost / relative advantage

Explanation:

Opportunity cost is one way of measuring the cost of a producer's choice of production. For example, if a producer chooses to produce soybeans, the opportunity cost is what he fails to earn if he produces another good, for example corn. In this way, opportunity cost is a relative measure of costs. If the opportunity cost for a producer to produce a good is lower than for another producer, this means that he has a comparative advantage in producing that good.

Having the comparative advantage over the production of a particular good is a good indicator for the productive choice. The country with a comparative advantage can specialize in the production of the good in question and profit from international trade through exports.

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