1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Damm [24]
3 years ago
15

What is the difference between Absolute Advantage and Compartive Advantage?

Business
1 answer:
Kitty [74]3 years ago
3 0

Answer: See explanation

Explanation:

Absolute advantage simply means when an economic entity such as individuals or the firms can produce a particular good more efficiently than others who produce similar good. In this case, a larger quantity is produced when compared to others.

Comparative advantage is when an economic agent can actually produce goods at an opportunity cost that's lower than the opportunity cost of its competitors. Due to this, such economic agent can sell its good at a cheaper price than others and therefore make more revenue.

You might be interested in
What is the return on common stockholdersâ equity based on the following: Beginning Common Stockholdersâ Equity: $10,317,000 End
Slav-nsk [51]

Answer:

13.28%

Explanation:

return on stockholders' equity = net income after taxes and preferred stock dividends / average stockholders' equity

  • net income = $1,429,000
  • preferred stocks dividends = 8,000 stocks x $75 x 6% = $36,000
  • average stockholders' equity = ($10,317,000 + $10,662,000) / 2 = $10,489,500

return on stockholders' equity = ($1,429,000 - $36,000) / $10,489,500 = 13.28%

5 0
3 years ago
Which of the following are sections of the Schedule of Cost of Goods Manufactured? (You may select more than one answer.
Natasha2012 [34]

Answer:

C, D , E , F.

Explanation:

These all are connected with money.

Sorry if I don't get this right I never had this question before.

3 0
3 years ago
You just sold 500 shares of Wesley, Inc. stock at a price of $30.92 a share. Last year, you paid $32.04 a share to buy this stoc
Vitek1552 [10]

Answer:

-$560

Explanation:

The computation of capital gain on this investment is shown below:-

Capital gain = (Stock price - Paid shares) × Sold shares

where,

The Stock price is $30.92

Paid shares is $32.04

And, the sold shares is 500 shares

Now placing these values to the above formula

So, the capital gain on this investment is

= ($30.92 - $32.04) × 500

= -$1.12 × 500

= -$560

5 0
3 years ago
Of the following fuels used on a large scale in the last century to supply energy, which began to be utilized most recently?
andrew11 [14]
Coal is the fuel that is being used on a large scale in the last century to supply energy, which began to be utilized most recently.
Before coal are used to run a train and steam engines. Coal are used to cook foods and there are other things.<span />
5 0
3 years ago
Describe a real or made up but realistic example of a product that went through a time of scarcity, when demand was greater than
Rasek [7]

Answer:

An example of a product going through scarcity is when heavy rainfall and flooding destroy crops  because of which their supply is decreased, and because of this shortage their prices sky rocket or increase very fast.

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • When excess demand exists for tickets to a major sporting event or a​ concert, profit opportunities exist for scalpers?
    14·1 answer
  • Talarczyk Company sold 10,000 Super-Spreaders on December 31, 2017, at a total price of $1,000,000 cash, with a warranty guarant
    12·1 answer
  • After writing a check for 172, your account is overdrawn by $31. How much money did you have in the account before you wrote the
    8·1 answer
  • Please explain the basic assumptions of Solow-Swan model of growth.
    10·1 answer
  • An entrepreneur is a person who owes money to a bank or other financial institution
    9·1 answer
  • The following cost data relate to the manufacturing activities of Chang Company during the just completed year:
    9·1 answer
  • 16. When filing by subject, which of the following would be filed first? *
    15·1 answer
  • A firm must choose among three alternative ways to compensate its salaried employees. It can pay them at the end of each week, a
    11·1 answer
  • How to do 2+2 PLS PLS PLSSSSSSSSSSSSS HELP
    12·1 answer
  • You live near the beach and want to give snorkeling lessonsYou estimate that after expenses , you can earn $10 per lesson. Each
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!