All categories

3 years ago

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

School teachers, counselors, and job placement centers can help you _____. a. place a classified job advertisement b. identify j

Dimas [21]

Answer:

Identify job leads and set up interviews.

Explanation:

6 0

3 years ago

Read 2 more answers

Salespeople at Janie's Cookie Company want to draw the attention of their customers through blogs, Twitter, and LinkedIn, rather

Serga [27]

Answer:

D. Inbound Marketing

Explanation:

When a company uses blogs and social media, to draw the customers through content. And this is called Inbound Marketing, a passive, subtle and digital way to market.

7 0

3 years ago

Donata Company purchased equipment for $30,000 in December 20x1. The equipment is expected to generate $10,000 per year of addit

attashe74 [19]

Answer:

Total after-tax cash flow= $6000

Explanation:

Giving the following information:

Equipment value= $30,000 in December 20x1.

Income= $10,000 p

Cost= $2,000 per year.

Depreciation= $3,000.

t=0,40

Cash flow has the following structure:

Income (+)

Cost (-)

Depreciation (-)

=EBIT

TAX (-)

Depreciation (+)

Total

Income= 10000

Costs= -2000

Depreciation= -3000

EBIT= 5000

Tax= -2000

Depreciation= 3000

Total= 6000

5 0

3 years ago

Forum question 1: Do you know of a situation in which a female staff person is referred to by her first name only (e.g., “See Jo

klemol [59]

umm screw tis it is odd amd very werid but this is stupid and very dumb and stupid why fo you even bote to be on brainlt this app is good but if ypu want t answer domething like this then talk y albert einstine oh wait hes dead lol ok so the answer is noting because it is hard andery not easy you van figurit out ursepf bye lol

5 0

3 years ago

to decide how much an insurance policy should cost a customer, underwriters use ________, such as historical industry trends and

GenaCL600 [577]

To decide how much an insurance policy should cost a customer, underwriters use: Data analytics.

Data analytics can be defined as the systematic computational collection, modelling and analysis of raw data, in order to discover trends, patterns, and draw conclusions about the information that are contained in the data.

An insurance policy can be defined as a contractual agreement between an insurer and an insured (policyholder), in which the claims, terms and conditions binding on both parties are listed in details.

Thus, it is a contract in which an insurer indemnifies an insured (policyholder) against losses in the event of certain dangers or problems.

Underwriting refers to a process through which an insurer determines the risks of insuring a customer and establishing the required cost (price).

Basically, underwriters use data analytics to predict risk levels and determine how much an insurance policy should cost a particular customer. Some examples of the data used by underwriters are:

Loan characteristics.

Historical industry trends.