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malfutka [58]
3 years ago
7

Explain the theory of absolute advantage

Business
1 answer:
galina1969 [7]3 years ago
6 0

Answer:

Explanation: Absolute advantage is when a producer can produce a good or service in greater quantity for the same cost, or the same quantity at a lower cost, than other producers.

Absolute advantage can be the basis for large gains from trade between producers of different goods with different absolute advantages.

By specialization, division of labor, and trade, producers with different absolute advantages can always gain more than producing in isolation.

Absolute advantage is related to comparative advantage, which can open up even more widespread opportunities for the division of labor and gains from trade.

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Because advertising is often designed to add ________ value to a product or brand, it plays a more important communications role
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Answer:

The correct answer is Psychological.

Explanation:

Advertising is not only limited to advertisements in magazines, newspapers, radio, television or the Internet. In fact, it is practically in everything around us. The way to place the products in the department stores, the color and size of the potato chip packages, the price of the clothes, the subtlety of the words on the radio ... Everything that makes a product attractive and steals our attention serves as a powerful means to advertise it.

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The price of apples has recently fallen in the marketplace. From this information, we can safely predict that: a.a shortage of a
Stolb23 [73]

Answer:

d.a surplus of apples must have existed.

Explanation:

If the supply of apples increased while there is no change in the demand for Apples, there would be a surplus and price would fall.

If the supply of apples decreased while there is no change in the demand for Apples, there would be a shortage of apples and price would rise.

If the demand for apples recently increased while supply remains unchanged, there would be a shortage and the price of apples would rise.

I hope my answer helps you

8 0
3 years ago
This shows how much profit is being made by each dollar of sales for the period being analyzed
dusya [7]
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Two projects, A and B, are analyzed using ranking present worth analysis with MARR at i%. It is found that PW(A) . PW(B). If MAR
vivado [14]

Answer: The relationship between A and B project cannot be determined with the information given.

Explanation: The relationship between PW(A) and PW(B) is the correlation between project A and Project B in a portfolio.

This is not possible to be calculated with the information given.

But an expression of calculating this is;

PW is the present value of A and B projects.

MARR is the minimum acceptable rate of return

The calculate the correlation of the two project, divide MARR by the multiple of the two project.

That is;

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Therefore;

Correlation = i11% ÷ [PW(A) × PW(B)]

This shows that the relationship cannot be determined with the limited Information supplied.

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