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What is the difference between absolute and comparative advantage?
Difference between absolute and comparative advantage:
• Absolute advantage arises while a country or region can create more of a product with the same factor inputs.
• Comparative advantage exists while a country has lower opportunity cost into a good or service production.
What are Harrod-Domar restrictions? Harrod-Domar restrictions: • Non economic social, cultural, political and institutional circumstances are unimportant into growth pro
MC=25+30Q-9Q^2 fixed cost=55 find total cost avarage cost variable cost
limitations of pareto-optimal conditions as a measurement of welfare
What is the fixed cost
assignment given to me about the methods of pricing of a product with five examples
Tri-City Industries is considering two possible capital projects. Project A requires an initial investment of $240,000 and provides cash flows before tax of $120,000 in year one, $
What is culture and human capital? Human capital is the knowledge, experience and skills of employees and can be raised by investing into education, job training and health
why does the quantity of salt demanded tend to be unresponsive to change in its price?
#question.define potential entry.
solution
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