Answer: All of these are correct
Explanation:
South Korea
Opportunity cost of Computer chips = 50/100 = 0.2 bed linens
Opportunity cost of bed linens = 100/50 = 2 computer chips
USA
Opportunity cost of Computer chips = 100/150 = 0.67 bed linens
Opportunity cost of bed linens = 150/100 = 1.5 computer chips
Country with Comparative advantage in the production of a good is one that incurs the lower opportunity cost.
Country with Absolute advantage is county that produces the most quantity of a good or service.
Therefore;
<em>US has Absolute advantage in both Computer chips and Bed linens. </em>
<em>South Korea has comparative advantage in Computer chips. </em>
<em>US has comparative advantage in bed linen manufacturing. </em>
<span>The marketing director for zap games, a video game company, has informed his employees that he feels the company needs to improve its relationship with the distributors of the company's products because the distributors are part of the task environment for zap games. he believes that a stronger relationship with distributors will lead to more market share, and higher profits, for both zap games and its distributors.</span>
The price of an item and what peple are willing/able to pay for that item.
The division of household chores in Jason's home is a simple example of departmentalization. A group of people within a unit is given task that is dissimilar to those given to another group. A certain group has a head and some subordinates or support system.
Answer:
While a competitive market determines the equilibrium point by staying in tune with the supply and demand curves, a perfectly competitive market does not have that luxury. A perfectly competitive market must accept the price point and must only decide how much to sell.
Explanation: