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
kondor19780726 [428]
3 years ago
12

If the best surgeon in town is also the best at cleaning swimming pools, then according to the theory of comparative advantage,

this person should split his time evenly between being a surgeon and cleaning swimming pools. pursue the activity he enjoys more. specialize in being a surgeon because its opportunity cost is lower. specialize in cleaning swimming pools because it is more labor-intensive.
Business
1 answer:
tamaranim1 [39]3 years ago
7 0

Answer:

tspecialize in being a surgeon because its opportunity cost is lower

Explanation:

A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

What the surgeon would give up to pratice as a surgeon would be lower compared than if he decided to specialise in cleaning pools

thus he should specialize in being a surgeon because its opportunity cost is lower

You might be interested in
How well acquainted with a sport would a publicist need to be in order to do his or her job effectively?
Mrac [35]

Answer:

at the very least, understand the basics of the sport in question

Explanation:

A publicist is an individual who generates and manages publicity for a company, a brand, or a public figure. If the publicist works for a sports company/magazine they need to, at the very least, understand the basics of the sport in question such as the rules, basic terminology used, player names/states, etc. This is because they need to write articles that make sense, and since the audience reading them will be very well versed in the sport, then the information provided needs to be accurate.

8 0
3 years ago
What type of spending depends primarily on these three factors: the interest rate, the expected future level of real GDP, and th
Montano1993 [528]

Answer:

The correct answer is : Planned Investment Spending

Explanation:

This is the spending which business plans to commit to during a special period of time. It is related to the interest rate. It is done in order to gain capital goods or stock and they are used to speed up the movement of cash in a company. This investment is intended by firms

7 0
4 years ago
What did the rothschild do with the gold that he had after napoleon was defeated?
Paladinen [302]

He invested it into the the british bond market, and waited a year to sell it as its value rose. Value ended up being about 600 million pounds in today’s economy

4 0
3 years ago
A member of the development team takes the scrum master aside to express his concerns about data security issues. what should th
dalvyx [7]
The answer is that a scrum master should "a<span>sk the person to share the issue with the team as soon as possible".

The Scrum Master helps those outside the group cooperate with the Scrum Team and he educates the Development Team to keep the Scrum gatherings to their timebox. To educate the Development Team to talk as far as business needs and targets is the most ideal way the Scrum Master can guarantee that the Development Team discusses successfully with the Product Owner.
</span>
7 0
3 years ago
________ exists when a large number of firms produce goods that are similar but customers believe there is a difference.
hichkok12 [17]

Answer:

Monopolistic Competition

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following tips can hurt your cash flow
    13·1 answer
  • 98 points list 2 reasons why trump is a good prez and 3 reasons why he is not
    13·2 answers
  • Knowledge Check 01 Obligations that are due within one year are: reported as a current liability. reported as a long-term liabil
    8·1 answer
  • What is the answer to life the universe and everything
    11·2 answers
  • Suppose the marginal costs of exercising are constant and the marginal benefits of exercising decline over time. With marginal c
    7·1 answer
  • What is first step of the financial planning process
    11·1 answer
  • If both supply and demand decrease simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity is
    12·1 answer
  • On July 1, 2021, Clearwater Inc. purchased 9,300 shares of the outstanding common stock of Mountain Corporation at a cost of $21
    10·1 answer
  • On January 1, Year 1, Samuel Company leases equipment from Lease Corp. The lease agreement specifies five annual payments of $50
    13·1 answer
  • The slope of the PPF can also be expressed as the ratio of the marginal products of labor to the marginal product of capital. co
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!