Nation with the lowest opportunity cost of producing

Assignment Help Business Economics
Reference no: EM13771626

The nation with the lowest opportunity cost of producing a good has a?

Comparative advantage

Absolute advantage

Unfair advantage

Competitive advantage

Reference no: EM13771626

Questions Cloud

Leakage in the macro economy : According to the classical view, which of the following statements is true? The government's budget deficit is equal to. Which of the following is a leakage in the macro economy?
The total demand for funds curve slopes downward : The total demand for funds curve slopes downward because a rise in the interest rate causes. In the classical view, if government purchases rise (and there is no other fiscal change),
Protecting intellectual property : Hollywood in India: Protecting Intellectual Property (A) 4. Consider the issue of plagiarism in a book. At how many "exactly same" words to you draw the line? How many lines of computer code need to be the same to judge that one piece of software is ..
Ensure that the economy reaches its potential output level : According to the classical model, to ensure that the economy reaches its potential output level, the government
Nation with the lowest opportunity cost of producing : The nation with the lowest opportunity cost of producing a good has a?
Ellen contracts to buy six cases of vintage fertile valley : Ellen contracts to buy six cases of vintage Fertile Valley wine from Grapes & Vines Winery for $1,200. The contract states that delivery is to be made at Ellen's residence "on or before May 1, to be used for daughter's wedding reception on May 2." On..
The nation with the lowest cost of production : The nation with the lowest cost of production has a?
Markets with special cost and demand structures : Which of the following pricing strategies is NOT used in markets with special cost and demand structures?
Drawback of an economic integrations among nations : Specify the main economic (not political) drawback of an economic integrations among nations? Explain. What (what circumstances) makes adopting and implementing common macroeconomic policies (monetary, exchange rate) challenging in a Common Market ar..

Reviews

Write a Review

Business Economics Questions & Answers

  Average and marginal cost of production at output level

The fixed cost of running a private practice is $36,000 per year. The variable cost of providing consultation services from this private practice increase by $30 per consultation for any level of production up to 3000 units. The average and marginal ..

  Monopolist with a straight line demand curve

A monopolist with a straight line demand curve finds that it can sell two units at $10 each or ten units at$2 each. Its marginal cost is constant at $8 per unit. A monopolist would produce how how many units and charge how much? A perfect competitor ..

  The total demand for money

The total demand as well as for money is equal to the transactions demand as well as plus the asset demand as well as for money.

  Strategic decision making in competitive situations

Discuss Explain how "Game Theory" can be used to improve strategic decision making in competitive situations.

  Candidate should be selected

Given all the above factors, which candidate should be selected? (b) By how much would the estimated capital investment for the alternate candidate [the candidate not selected above in (a)] have to vary from your first decision in (a)?

  Illustrate what is the producer profit-maximizing

Illustrate what is the producer's profit-maximizing(loss-minimizing) output level. Illustrate what are the firm's economic profits.

  How is elasticity related to revenue

How is elasticity related to revenue. How is diminishing marginal returns related to cost. How are revenues and costs related to profit.

  Assume that treasury is currently running large surpluses

Assume that the treasury is currently running large surpluses (tax collections exceed new government spending). On a S/D diagram show the effect on Treasury Bond markets of using these surpluses to buy back outstanding treasury securities and reduce ..

  Explain how much consumer surplus exists in this market

Explain how much consumer surplus exists in this market. If a $2.00 excise tax is levied on this good what will happen to equilibrium price and quantity.

  Explain level of disposable income

Advanced analysis) Answer the next question(s) on the basis of the following consumption schedule: C = 20 + .9Y, where C is consumption and Y is disposable income. REfer to this data. At an $800 level of disposable income, the level of savings is:

  Qualitative pros and cons of having international sales

Describe metrics that you would use to assess the success of any logistics plan involving you as a manufacturer and an internationally based mass merchandiser. Provide support for your selections.

  Qthe government plans to rise state spending by 2bn in the

q.the government plans to rise state spending by 2bn in the next fiscal year. economists estimate that consumers will

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd