Answer:
Sarah
Milkshakes
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared with other people.
A person has an absolute advantage in the production of a good or service If she produces more quantity of a product when compared with other people.
Sarah produces more hamburgers and milkshakes when compared to Abe. Therefore she has absolute advantage in the production of both milkshakes and hamburgers.
The opportunity cost of Sarah in producing hamburgers and milkshakes are both 10/10 = 1
The opportunity cost of Abe producing hamburgers is 4 / 5 = 0.8 and for milkshakes it is 5/4 = 1.25.
Therefore, Sarah has a comparative advantage in the production of milkshakes because she has a lower opportunity cost (1) when compared with Abe (1.25)
I hope my answer helps you.
Answer:
true
Explanation:
sorry if that's not right but I'm going on memory
A cartel exists when various companies producing similar products or services work together to control markets for the types of goods and services they produce.
A cartel is a group of independent market participants who work together to improve profits and control the market. Cartels are usually associations in the same line of business and mergers of competitors.
1: Written agreement between Sengoku. 2 : An association of independent commercial or industrial enterprises aimed at limiting competition or fixing the prices of illegal drug cartels. 3 : Faction combination for joint action.
Examples of cartels: Organization of the Petroleum Exporting Countries (OPEC), an oil cartel whose members control 44% of world oil production and 81.5% of world oil reserves.
Learn more about cartel here
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Answer:
- If a company has a profit margin of 10%, it means that the company earned a net income of $0.10 for each dollar of sales. A 10% PROFIT MARGIN MEANS THAT THE COMPANY EARNED 10 CENTS FOR EVERY DOLLAR OF REVENUE.
- If a company's operating margin increases but its profit margin decreases, it could mean that the company paid more in interest or taxes. OPERATING PROFIT = GROSS PROFIT - FIXED COSTS, NET PROFIT = OPERATING PROFIT - (INTERESTS AND TAXES). IF TAXES OR INTERESTS INCREASE, NET PROFITS DECREASE
Explanation:
there are several profitability ratios, the most important ones are:
- profit margin = net profit / total revenue
- gross profit margin = gross profit / total revenue
- return on equity = net income / total shareholder equity
- return on assets = net income / total assets
A because it helps you without getting loans
