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klemol [59]
3 years ago
6

A nation that has a comparative advantage in producing a good or service compared to

Business
1 answer:
NNADVOKAT [17]3 years ago
3 0

Answer:

Opportunity cost

Explanation:

A country is said to have a comparative advantage in producing a good, if it has a lower opportunity cost of producing that good in comparison to the other country. For instance if the opportunity cost of producing Wheat in U.S is 2. While that in China is 1. It shows that China has a comparative advantage in producing wheat as compared to the U.S.

So a nation that has a comparative advantage in producing a good or service compared to the other nation can produce that good or service with a lower opportunity cost.

Efficiency, Profit and Resource cost are not directly related to comparative advantage. Although efficiency can contribute towards lower opportunity cost but it is not a scale used for international trade.

Thus, lower opportunity cost is the best alternative.

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Explanation:

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3 years ago
On January 1, 2021, you are considering making an investment that will pay three annual payments of $10,000. The first payment i
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Answer:

PV=26,662

Explanation:

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PV=FV*(1+i)^{-n}

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3 years ago
Gate Grocery's most popular candy bars cost $0.50 each and sells for $0.75. Management determined that it had purchased 3,000 ca
aivan3 [116]

Answer:

The cost of goods sold for February is $1,525

Explanation:

For computing the cost of goods sold, the following equation should be used which is shown below:

Cost of goods sold = Opening stock of candy bar + Purchase of candy bar  - closing stock of candy bar

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Hence, the cost of goods sold for February is $1,525

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if two people own 50 % of a company valued at 100,000 how much would one person have to invest to own one equal third of the com
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