With the same limitations, absolute advantage enables one company to produce more of this kind of good or service than another.
<h3>What is an example of an absolute advantage?</h3>
Consider California and Mexico as two nations that produce tequila and wine, respectively. Off to the right, a list of the goods that each country can create is presented. As you can see, California has a clear edge in creating both items because it can produce more of everything.
<h3>How is absolute advantage determined?</h3>
Low-cost production enables the achievement of an absolute advantage. In other senses, it describes a person, business, or nation that has cheaper production costs. When (in comparison to rivals): Fewer materials are required to make a product, such an advantage is developed.
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An application , reference sheet
Answer: I think the most important work habit discussed was having a good work ethic because without one you may not complete your tasks giving it your all.
Answer:
Dr. Cr.
Cash $107,850
Bond Payable $100,000
Premium on Bond Payable $7,850
Explanation:
When the Bond is issued on the price more than its face value, the exptra amount from face value received is called Bond Premium.
Bond Face value = $100,000
Issuance price = $107,850
Premium Paid =$107,850 - $100,000 = $7,850
Answer:
B) proactive interference
Explanation:
Proactive interference in psychology is when an older memory (French vocabulary in this case) interferes with newer information (Spanish language).
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