1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
san4es73 [151]
3 years ago
15

Look at the examples, and then determine which type of advantage each one describes.

Business
2 answers:
muminat3 years ago
8 0

Answer

A producer can provide cable service more cheaply than another producer(Absolute Advantage)


A producer can produce salads while giving up fewer opportunities to make sandwiches than another producer(Comparative advantage)


A producer can create more car parts than another producer, while using the same number of resources(Absolute Advantage)

Explanation

Absolute advantage is the ability of a producer to utilize the same amount of resources in the production of goods and services than the competitors. Here the producer gives a lower cost per unit than the other parties producing a similar good. For example in case 1 and 3.

A comparative advantage occurs when a producer is able to utilize fewer resources, at a lower opportunity cost to produce goods. When there is an increased production of one good, less of another product is produced. A comparative advantage will allow a company to sell products and services at a lower price that others and reach stronger sales margins. For example in case 2.



lara [203]3 years ago
4 0

Answer:

<span> 1) If a producer can provide cable service more cheaply than another producer, it is an</span> absolute advantage.<span>
2) If a  producer can produce salads while giving up fewer opportunities to make sandwiches than another producer, it is a</span> comparative advantage.

3) If a  producer can create more car parts than another producer does,  using the same number of resources, the price per unit is cheaper and it is an absolute advantage.

Absolute advantage<span> is the ability of a person, a  country, company or region to produce a good or service at a cheaper price per unit than another entity producing the same good or service.</span>

Comparative advantage<span> is the ability of a person, a  country, company or region to produce a specific good or service more efficiently (lower opportunity cost)  than another entity to produce the same good or service.</span>

You might be interested in
A company's Income Tax Payable account decreased from $14 million to $12 million during the year. If its income tax expense was
Flura [38]

Answer:

A cash outflow of $82 million is correct answer

Explanation:

Options:

A cash outflow of $12 million.

A cash outflow of $78 million.

A cash outflow of $80 million.

A cash outflow of $82 million.

(Hope this helps can I pls have brainlist (crown)

8 0
3 years ago
Read 2 more answers
Marcus can afford a monthly mortgage payment of $900. If he is eligible for a 30-year, 5% mortgage (where the mortgage factor is
tigry1 [53]

Answer:

option (c)  $167,597.77

Explanation:

Data provided in the question:

Monthly mortgage payment = $900

Duration of loan, n = 30 years = 360 months

Interest rate = 5%

Monthly rate of interest = 5% ÷ 12 = 0.4167% = 0.004167

Now,

Mortgage loan can he afford

= Monthly mortgage payment × [ (1 - ((1 + r)ⁿ)⁻¹ ) ÷ r ]

= $900 × [ (1 - ((1 + 0.004167)³⁶⁰)⁻¹ ) ÷ 0.05 ]

= $167,597.77

Hence,

The answer is option (c)  $167,597.77

7 0
3 years ago
Upon graduating from college this year, you expect to earn $25,000 per year. If you get your MBA, in one year you can expect to
Novosadov [1.4K]

Answer:

Income difference= $8,250

Explanation:

Giving the following information:

Actual salary= $25,000 per year

MBA salary= $35,000 per year.

Inflation rate= 5 percent.

We will separate the analysis. First, we will calculate the nominal increase. Then, the real increase based on purchasing power.

In nominal terms, the increase in income is equal to the difference between salaries.

Income increase= 35,000 - 25,000= $10,000 increase.

In real terms, we need to calculate the effect of inflation on your purchasing power.

Actual income= $25,000

MBA income= 35,000*0.95= $33,250

Income difference= $8,250

In other terms, the real purchasing power of the MBA income decreases. Therefore, the difference today between real salaries is lower than the nominal difference.

6 0
3 years ago
Joseph is instructed by his employer, Helen, to go to the local donut shop during his lunch break and purchase six-dozen donuts
salantis [7]

Answer:

B. False.

Explanation:

Helen instructed Joseph during his active working hour does not matter if he is on his lunch break or not, so Joseph is entitled to workers compensation.

6 0
3 years ago
Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the incep
Paul [167]

Answer:

Total Costs Transferred Out     906422.4

<em>Difference may be due to rounding .</em>

Explanation:

Samantha's Office Supplies

Equivalent units

Particulars       Units            % of Completion                Equivalent Units

                                          Materials Conversion     Materials Conversion

Completed and

transferred out        162,000  (100% ) (100% )     162,000 162,000

WIP,

Normal Spoilage       6,480     (100% ) (100% )       6,480     6,480

<u>Ending inventory   30,000  (100% )  (25% )           30,000, 7,500</u>

<u>Accounted For        198,480                               198,480       175,980   </u>                                                                  

Costs:                    Total            Direct materials        Conversion costs

WIP, beginning

inventory:             388,000          $ 300,000                      88,000

<u>Costs Added          639618             419,832                           219,786</u>

Total Costs

To Account for    1027618             719,832                             307786

Divided By

Equivalent Units                               198,480                            175,980  

<u>Equivalent Unit Costs   5.38                 3.63                                  1.75 </u>      

<u><em>Assignment of Costs </em></u>

Transferred out ( 5.38* 162,000)=  871560

Normal Spoilage (5.38* 6480)<u>=   34862.4</u>

Total Costs Transferred Out     906422.4

Difference may be due to rounding .

5 0
3 years ago
Other questions:
  • Diane initially deposited $12,500 into a money market account and made no additional deposits or withdrawals. When she closed th
    13·2 answers
  • Differentiate between economic growth and economic development ?​
    12·1 answer
  • The price elasticity of demand for gasoline in the short run has been estimated to be 0.4. If a war in the Middle East causes th
    11·1 answer
  • Through what process can special interest groups and businesses influence the government?​
    8·1 answer
  • A career plan should include all of the following EXCEPT:
    11·2 answers
  • A local government awards a landscaping company a contract worth $1.5 million per year for five years for maintaining public par
    7·1 answer
  • A multi-domestic corporate-level strategy is one in which:
    14·1 answer
  • Mr. Blatt: Expert consultants are sought after by management because they help executives make better decisions. That is why the
    5·1 answer
  • Your client submits an application to rent a condo unit. He has excellent credit and has had the same job for a long time. He us
    15·1 answer
  • Connect the words below (In any order) and create an essay
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!