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What is one country of comparative advantage in the production of a certain good?

It has a lower opportunity cost for production of that good.


What are the process of getting the licensee of urea?

There are no licenses involved with the production of urea. The process they use was invented in 1920 by the German chemical combine "IG Farben" and the patent was confiscated by the United States after World War II for use in this country. You can make all the synthetic urea you want and no one will say anything.


How is the marginal cost calculated in a production process?

The marginal cost in a production process is calculated by determining the change in total cost when one additional unit of output is produced. This is done by dividing the change in total cost by the change in quantity produced.


Is the cost of producing one more unit of output are fixed cost?

No, the cost of producing one more unit of output is not considered a fixed cost; it is referred to as marginal cost. Fixed costs remain constant regardless of the level of production, such as rent or salaries, while marginal cost represents the additional cost incurred for producing one more unit, which can vary depending on production levels and resource usage.


The law of increasing costs means that when an economy increases the production of one item?

It is one of these questions: a. the opportunity cost goes up. b. the actual cost of making the item goes down. c. the actual cost goes up but the opportunity cost goes down. d. the production costs will increase also. You decide...

Related Questions

What organ is responsible for the production of the substances in the urea?

I think urea, rather than being a mix of substances urea is one substance. That being said, it is removed from the blood not created.That process of filtration occurs in the kidneys and liver (I don't know the liver's job, you'll have to look into that one


How many kilograms are in one tonne?

1 tonne = 1000 kilograms1000


How much is a tonne in New Zealand tonne?

A tonne is one thousand kilograms.


How much does 1 tonne of water weigh?

Tonne is a unit of weight, som one tonne is one tonne regardless of substance.


What is equivalent to one tonne?

One tonne is equivalent to 1,000 kilograms or 2,204.62 pounds.


What is one of the most important chemical made from ammonia?

One of the most important chemicals made from ammonia is urea. Urea is widely used as a nitrogen-rich fertilizer in agriculture, as well as in the production of animal feed and certain plastics.


What is one country of comparative advantage in the production of a certain good?

It has a lower opportunity cost for production of that good.


How many ounces per tonne?

One tonne is 35,273.962 ounces.


How many kilos is one metric tonne?

One metric tonne is equal to 1,000 kilograms.


how many zeros in one tonne?

None. 1 tonne. Written with no zeros.None. 1 tonne. Written with no zeros.None. 1 tonne. Written with no zeros.None. 1 tonne. Written with no zeros.


How many grams is one ton?

One tonne is 1 000kg, so one tonne is one million grams.


How much does a tonne weigh in kg?

One tonne is 1000 kilograms!