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When a country or a region of a country specializes in producing the product that has a lower opportunity cost compared to another country or region it is practicing?
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Margin of superiority?
Margin superiority is a concept of comparative advantage. It means less opportunity cost of producing one unit of good compared to another good.
What is making or producing things on a large scale?
Making or producing things on a large scale is called industry. Industrial operations are massive when compared to cottage industries. They can often produce goods at extremely high rates of speed.
Time is an opportunity cost when a manufacturer assigns workers to one task rather than to another?
Opportunity cost is the price paid for forgoing something or purchasing something else. A manufacturer can allocate a task lesser time compared to another activity for purpose of reaching a given goal.
What does the slope of the Production-possibility frontier imply?
A PPF shows us the Opportunity Cost if producing 1 good or service in return for losing another <><> They can show if resources are being used effectively. If they are Producing inside the PPF resources are not being used effectively. <><> It shows how effectively resources can be used to make 2 compared goods/types of goods. Each of these goods is assigned to an axis. The curve contains the points where all resources are used to their maximums, including labor, meaning full employment. If shows the quantity of how many of one good must be given up to produce more of the other good. You can see this by comparing 2 points on the curve. If apples are on the x axis, and bananas are on the y axis, and the 2 points are (10, 20) and (40, 10), then we see we can produce 30 more apples in this economy if we choose to produce 10 less bananas. This is the opportunity cost. Points under the curve show inefficiency, and points beyond are not possible to reach for long periods of time.
What did a pair of Levi jeans cost in 1959 as compared to 2017?
They were 5.00 compared to 59.50 today.
Margin of superiority?
Margin superiority is a concept of comparative advantage. It means less opportunity cost of producing one unit of good compared to another good.
What can be compared to a mitochondria?
Mitochondria involve in energy production.So it can be compared to a power house.
Is the Walt Disney organization practicing good business ethics?
Yes, in general, particularly when compared to other companies marketing to kids.
What is the advantage of electomagnet?
I would have to go with the ease of producing one as compared to a traditional magnet, as well as the fact it can be turned off.
What would the blood cells look like in an individual who is not producing enough insulin compared to a normal blood?
They would be shriveled.
What would the blood cells look like in an individual who is not producing enough insulin compared to a normal blood cell?
swollen
What is making or producing things on a large scale?
Making or producing things on a large scale is called industry. Industrial operations are massive when compared to cottage industries. They can often produce goods at extremely high rates of speed.
What part of the body can be compared to a printer?
The hands and fingers are used for producing hard copies (handwritten material) that a person calculates, remembers, or imagines.
What are the best detox teas out there, compared with others?
Total Tea specializes in healthy energy and detox teas. Chiroflex supplements feature the best natural turmeric and organic superfoods.cutt.ly/FjOTM7W
EyeMasters is a business that specializes in selling what item?
They are specialised in selling eye ware such as glasses or contact lenses. You can find many of different varieties of glasses there and they are also relatively cheaper compared to retail price.
Time is an opportunity cost when a manufacturer assigns workers to one task rather than to another?
Opportunity cost is the price paid for forgoing something or purchasing something else. A manufacturer can allocate a task lesser time compared to another activity for purpose of reaching a given goal.
How do you write an essay about campus interview it is a boon?
A campus interview gives the students an opportunity to get a job before completing their course. It also saves them energy and time when compared to searching for jobs.
