Society's standard of living will likely increase if True
<h3>What is Comparative advantage?</h3>
Is TRUE that If a society's production possibilities frontier shifts to the right, the society's standard of living will likely increase?
Export goods in which it has a comparative advantage.
Comparative advantage is when someone produces something more cheaply than other competitors in the same market as the firm; however, comparative advantage is not the same as being the best at something.
In this case, a society's standard of living will probably rise if the frontier of its production possibilities shifts to the right.
Products in which it has a competitive advantage are exported.
In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to a trade.
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The correct answer is: "marginal cost".
The marginal cost of production is defined as the increase in total production costs experienced when an extra unit of output is manufactured. Such increase includes the cost of the extra factors of production that had been dedicated to elaborate the extra unit.
Marginal cost includes variable types of cost, those that change depending on the level of production (such as the amount of raw materials employed) but not by fixed costs that do not vary depending on the level of output (such as the rent paid for the building where the production is undertaken, that is a fixed number).
Answer:Market Orientation
Explanation:
What Is Market Orientation?
Market orientation refers to a process in which businesses make it their priority to identify consumer's needs and desires so that they can produce goods and services that will satisfy the consumers.
It looks at finding ways to enhance the existing product such as expanding it.Markett Orientation is basically customer centered method or process which works towards determining what consumers need, their preferences and their main concerns.
Answer:
I think the answer is "self verification theory.
Answer:
sociología crítica de la educación y con su pasado, dado que él mismo ... análisis de los argumentos que sostienen su propuesta de impugnación de la ... sociología de la educación, y lo que hoy Martín Criado considera (no sé si con razón) .
Explanation:
i dont know
