The correct answer is (d) 25/30.
Additionally, a minimum maintenance margin of 30% for short positions and 25% for long bets is needed. If they so desire, the exchanges or brokerages may impose tougher restrictions (also known as house margin requirements) than those imposed by the Federal Reserve.
How do we define Maintenance Margin?Maintenance margin, which is presently fixed at 25% of the entire value of the securities in a margin account as per the regulations of the Financial Industry Regulatory Authority (FINRA), is the minimal equity that an investor must retain in the margin account after the purchase has been made.
Who determines the necessary minimal maintenance margins?The government regulates the minimum margin requirements for leveraged accounts. The maintenance margin is currently fixed by the Financial Industry Regulatory Authority (FINRA) at 25% of the entire value of the securities that a trader keeps in their margin account.
To know more about Equity, visit:
https://brainly.com/question/13278063
#SPJ4
technically, a(n) ________ is an agent appointed by a shareholder for the purpose of voting the shares.
The term that fills the blank is "proxy."
A proxy is an agent appointed by a shareholder with the authority to vote on their behalf. Shareholders who are unable to attend a company's shareholder meeting in person or prefer not to vote directly can appoint a proxy to represent them. The proxy holds the power to cast votes on the shareholder's behalf according to their instructions or best judgment.
Proxy voting allows shareholders to participate in decision-making processes without physically being present. It is a mechanism that promotes shareholder engagement and ensures that their voices are heard. Shareholders may appoint proxies for various reasons, such as convenience, lack of availability, or relying on someone with specialized knowledge to make informed voting decisions.
By appointing a proxy, shareholders can exercise their voting rights and influence corporate governance matters, including electing board members, approving mergers or acquisitions, or voting on important resolutions. Proxies play a crucial role in facilitating shareholder participation and ensuring that the shareholder's interests are represented during corporate decision-making processes.
To learn more about proxy click here:
brainly.com/question/31935944
#SPJ11
Case Study: Full-risk models, not shared savings, let
health systems deliver what patients really need
also add the diagram and quote the references at the
end. thanks
Question 2 (25 Marks) One of the key aspects of the Risk Management Process which the HCPs should be using as an essential tool is risk modeling. It can be argued that for the sustainability of the HC
The article, "Full-risk models, not shared savings, let health systems deliver what patients really need," focuses on the importance of full-risk models in healthcare delivery as opposed to shared savings models.
The authors argue that full-risk models are more effective in addressing the needs of patients and ensuring the sustainability of healthcare systems.The use of full-risk models allows healthcare providers to take on more accountability for patient outcomes and to make decisions based on what is best for the patient rather than what will save money.
This approach also encourages innovation and flexibility in healthcare delivery.Reference:Case Study: Full-risk models, not shared savings, let health systems deliver what patients really need, by Karen K. Davis, Christopher R. Chen, and Michael J. Dowling, Harvard Business Review, September-October 2019.
To know more about Full-risk models,visit:-
https://brainly.com/question/15838195
#SPJ11
What types of insurance is David likely to get through his employer?
David has just joined a new company. His employer offers a number of different insurance policies as one of its employee benefits. For example, his employer’s (Blank)
insurance covers prescription drugs and immunizations. David will also be receiving (blank) insurance at no cost from his employer.
1. casualty, health, life
2. automobile, disability, renters
Answer:
1. health 2. disability
Explanation:
Answer:
health & disability
Explanation:
If you pick up a rider for an Uber X trip, how
do you determine the route?
Answer: Go into the app, then there should be a map button or route button. Click on it and then press route.
Explanation:
Role of risk committee and their members
Answer:
The Risk Committee (the “Committee”) is an independent committee of the Board of Directors that has, as its sole and exclusive function, responsibility for the oversight of the risk management policies and practices of the Corporation's global operations and oversight of the operation of the Corporation's global risk ...
Explanation:
sna makatulong:)
Household production consists of Group of answer choices any commodities which are produced at home and then sold. any commodities which are produced at home and yield utility to the family. any time spent at home by any family member. any commodities purchased for use in the home.
Answer:
Any commodities which are produced at home and yield utility to the family
Explanation:
Household production occur when member of a household produce goods and service for their own personal consumption or for their own personal use, using their own capital as well as their own unpaid labor .
In another word in HOUSEHOLD PRODUCTION the member of the household are both the producers as well as the consumers of the goods produce by them.
Example of these household consumption are: Foods, Clothes Acommodation among others. Therefore we can vividly say that HOUSEHOLD PRODUCTION consists of Any commodities which are produced at home and yield utility to the family.
When are you allowed to review your credit report?.
Credit reports should be review when there is need for loan to check credibility and also when there is mixed up in account to avoid error.
What is credit reports?Credit report is a sheet containing the details of creditors, showing the history of purchase and deposit or payment that is available at that time.
The report is important to check progress and to also track debtors.
Therefore, Credit reports should be review when there is need for loan by an individual and also when there is mixed up in account to avoid error.
Learn more on report here,
https://brainly.com/question/925787
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
Learn more about Communication at:
brainly.com/question/25645043
#SPJ4
Consider an economy with currency in circulation of $100, checkable deposits of $200, and excess reserves of $2. If the required reserves ratio is 10%, what is the money multiplier in this economy? (round up to one digit after the decimal)
A. 2.9
B. 2.5
C. 2.8
D.2.2
The money multiplier is a measure of the potential increase in the money supply through the lending and deposit creation process. In the given economy, rounding up to one decimal place, the money multiplier is 2.5 (option B).
The money multiplier represents the factor by which the money supply can be expanded through the lending activities of banks. It is calculated as the reciprocal of the reserve ratio. In this case, the required reserves ratio is 10%, which means that banks are required to hold 10% of their deposits as reserves.
To calculate the money multiplier, we use the formula: Money Multiplier = 1 / Reserve Ratio.
In this scenario, the reserve ratio is 10%, which can be expressed as 0.10. Therefore, the money multiplier would be 1 / 0.10 = 10.
However, the excess reserves of $2 need to be subtracted from the total deposits to get the actual checkable deposits available for lending. In this case, the checkable deposits are $200 - $2 = $198.
Now, we can calculate the adjusted money multiplier by dividing the adjusted checkable deposits by the excess reserves: Adjusted Money Multiplier = Checkable Deposits / Excess Reserves.
In this scenario, the adjusted money multiplier would be $198 / $2 = 99.
Rounding up to one decimal place, the money multiplier in this economy is 2.5 (option B).
Learn more about money multiplier here:
https://brainly.com/question/14986591
#SPJ11
A copyright must be registered for a person to have rights to his or her work.
True
Or False
Answer:false Explanation:
Answer:
False
Explanation:
Copyright exists from the moment the work is created.
John Doeber borrowed $150,000 to buy a house. His loan cost was 6% and he promised to repay the loan in 10 equal annual payments. What are John's annual payment amounts?
Answer:
$20,380.16
Explanation:
in order to find the annual payment, we can use the present value of an annuity formula:
present value = annual payment x PV annuity factor
present value = $150,000PV annuity factor (6%, 10 periods) = 7.3601annual payment = present value / annuity factor = $150,000 / 7.3601 = $20,380.16
Pete, a human resource intern, was given an assignment by his manager that meant he must obtain information from other departments to complete it, but some departments refused to share information with an intern. Pete was frustrated because he did not have the power to get the information he needed. In the context of this situation, Pete's manager made the mistake of
Answer:
assigning responsibility without delegating adequate authority.
Explanation:
Since in the situation it is given that the some department deny to share the information with an intern due to which pete got frustated so here the manager of the pete should done the mistake of responsibility assigning that should be without delegating to the adqequate authority
So as per the given situation, the above statement should be the answer
what are the right questions to ask to understand a business model
Answer:
What problem are you solving?
Is there a true need? Or will you need to differentiate yourself?
Why is the problem important?
What is your solution?
outline 2 advantages to H&H of using secondary market research
The Concord Corporation opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Concord Corporation Trial Balance May 31, 2022 Account Number Debit Credit 101 $ 3,010 126 1,790 130 2,064 140 10,320 141 51,600 149 12,720 200 201 208 311 429 610 726 732 Cash Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 516 2,838 774 $85,632 $ 34,400 9,616 2,838 30,100 8,678 $85,632 In addition to those accounts listed on the trial balance, the chart of accounts for Concord Corporation also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. Prepaid insurance is a 1-year policy starting May 1, 2022. 2. A count of supplies shows $645 of unused supplies on May 31. 3. Annual depreciation is $2,580 on the buildings and $1,272 on equipment. 4. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 years.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $885 are unpaid and unrecorded at May 31. No. Date Account Titles and Explanation May 1. Cash 31 2. May 31 3. 4. 5. 6. May 31 May 31 May 31 May 31 Supplies Prepaid Insurancel Debit 172 Credit 172
Adjusting entries for Concord Corporation on May 31, 2022.
Adjusting entries are made at the end of an accounting period to record internal transactions or events that have not been captured in the regular daily transactions. In this case, Concord Corporation needs to make several adjusting entries based on the additional data provided.
First, let's address the prepaid insurance. Since it is a one-year policy starting on May 1, 2022, only one month has passed by May 31. Therefore, the adjustment would be:
May 31 Insurance Expense $774
Prepaid Insurance $193.50
This adjustment recognizes the portion of the prepaid insurance that has expired (1/12 of the total policy) as an expense and reduces the prepaid insurance account accordingly.
Next, the unused supplies need to be accounted for. The adjustment would be:
May 31 Supplies Expense $645
Supplies $645
This adjustment recognizes the usage of supplies and reduces the supplies account by the amount of unused supplies.
For depreciation, we need to record the expense and update the accumulated depreciation accounts. The adjustment would be:
May 31 Depreciation Expense $3,852
Accumulated Depreciation-Buildings $2,580
Accumulated Depreciation-Equipment $1,272
This adjustment recognizes the annual depreciation expense on buildings and equipment and increases the accumulated depreciation accounts accordingly.
Finally, we need to account for the two-thirds of unearned rent revenue that has been earned. The adjustment would be:
May 31 Unearned Rent Revenue $8,560
Rent Revenue $5,040
This adjustment reduces the unearned rent revenue and recognizes the portion that has been earned as rent revenue.
Step 3: The adjusting entries for Concord Corporation on May 31, 2022, involve recognizing the expiration of prepaid insurance, the usage of supplies, depreciation expense, and the earned portion of unearned rent revenue. These adjustments ensure that the financial statements accurately reflect the company's financial position and performance for the accounting period.
Learn more about adjusting entries
brainly.com/question/28867174
#SPJ11
which intangible product is exchanged directly between the producer and the customer?
The intangible product which exchanged directly btwn the producer and customer is " service "
John Lee's savings account has a balance of $602. after 9 months, what will the amount of interest be at 0.4% per year? (round your answer to the nearest cent).
After 9 months, the amount of interest on John Lee's savings account at 0.4% per year would be $1.81.
The interest on John Lee's savings account after 9 months can be calculated using the formula:
Interest = (Principal x Rate x Time)/12
Where Principal is the initial balance, Rate is the interest rate per year, and Time is the number of months.
Substituting the given values, we get:
Interest = (602 x 0.004 x 9)/12
Interest = 1.806
Rounding this to the nearest cent, we get:
Interest = $1.81
Therefore, after 9 months, the amount of interest on John Lee's savings account at 0.4% per year would be $1.81.
Know more about interest here:
https://brainly.com/question/25720319
#SPJ11
Othello Company understated its inventory by $20,000 at December 31, 2017. It did not correct the error in 2017 or 2018. As a result, Othello's stockholders' equity was:
Answer:
Othello company understated its inventory by $20,000 at December 31 2017
This error was not corrected In 2017 or 2018
Therefore as a result of this Othello stockholder equity was understated in the year 2014, December 31 and properly stated at 2015, December 31
while fallon worldwide was working with arby’s executives on its campaign, it was decided that the ________ for the campaign should be to increase demand for arby’s other menu items since arby’s consumers primarily associated the restaurant with roast beef and lacked an awareness of arby’s other protein offerings.
The objective for the campaign was to increase demand for Arby's other menu items(a).
Fallon Worldwide, in collaboration with Arby's executives, identified that Arby's consumers mainly associated the restaurant with roast beef and had limited awareness of the other protein offerings. Therefore, to increase sales and attract new customers, the campaign's objective was to promote Arby's other menu items.
This approach aimed to educate customers about the variety of protein options available, such as turkey, ham, and chicken, and to position Arby's as a versatile fast-food restaurant. By doing so, the campaign could potentially increase demand for these other menu items and boost overall sales.
This objective aligns with the marketing principle of expanding the product mix to increase revenue and achieve a competitive advantage in the market. So a is correct option.
For more questions like Marketing click the link below:
https://brainly.com/question/13414268
#SPJ11
While Fallon Worldwide was working with Arby's executives on its campaign, it was decided that the advertising objective for the campaign should be to increase demand for Arby's other menu items since Arby's consumers primarily associated the restaurant with roast beef and lacked an awareness of Arby's other protein offerings.
Fallon Worldwide and Arby's executives identified a need to increase awareness and demand for Arby's other menu items, beyond their signature roast beef. This was because Arby's consumers were primarily associating the restaurant with roast beef and were not aware of the other protein offerings available.
By focusing on increasing demand for these other menu items, Arby's could potentially increase sales and expand their customer base by catering to a wider range of preferences. The advertising campaign could thus aim to communicate the variety of options available at Arby's and encourage customers to try different items.
To learn more about advertising campaign visit: https://brainly.com/question/11698706
#SPJ11
who is dixie damelio,noah beck and cole sprouse
Answer:
im pretty sure they are tiktokers if thats what youre asking?
Explanation:
I don't know
Answer dixie damelio is an American social media personality known for her videos on the social media platform TikTok. noah beck Before moving to LA to pursue TikTok, Noah played for the University of Portland's soccer team, the Portland Pilots, last year as a freshman. cole sprouse is an American actor, known for his role as Cody Martin on the Disney Channel series The Suite Life of Zack & Cody and its spinoff The Suite Life on Deck and from the show called river dale is really good show
a gross premium of 800 is paid each year by an insured not in the terminated state calculate the expected value of gross premiums less healthcare costs over the first 3
The expected value of gross premiums less healthcare costs over the first 3 years would be the sum of 800 x 3, minus the cost of healthcare over the same period
How to calculate expected valueThe expected value of gross premiums less healthcare costs over the first 3 years for an insured who pays an annual gross premium of 800 can be calculated using the following formula:
Expected Value = (800 x 3) - (Cost of Healthcare x 3)
Therefore, the expected value of gross premiums less healthcare costs over the first 3 years would be the sum of 800 x 3, minus the cost of healthcare over the same period
Learn more about expected value at
https://brainly.com/question/24305645
#SPJ11
Education management also deals with which of the following - making sure you know where funds are being spent and if they are being properly managed?
A: Personnel
B: Finances
C: Objective precesses
Education management also deals with which of the following - making sure you know where funds are being spent and if they are being properly managed B: Finances
Education management involves overseeing all aspects of an educational institution, including personnel, finances, and objective processes.
One important aspect of education management is ensuring that funds are being spent appropriately and effectively. This involves creating and managing budgets, tracking expenses, and ensuring that resources are being allocated in a way that supports the institution's goals and objectives.
Effective financial management is critical for the long-term success of any educational institution, as it helps to ensure that there are adequate resources available to support teaching and learning.
Education managers must be skilled in financial management and be able to work collaboratively with other stakeholders to make informed decisions about how to allocate resources in a way that supports the institution's mission and goals.
To know more about Education related question visit:
https://brainly.com/question/18023991
#SPJ11
Hello. Im in a rush of figuring out what kind of advertisement i need for my product and its a drone. Someone help please.
Answer/Explanation:
In regarding to advertisement, you can use social media to promote your product or spreading the word by participating in events regarding your form of business. For example, if you use a social media platform and have any related members or friends who are on the same platform, they can boost your product and assist in your advertising.
Future Clothes Inc., a publicly traded company, designs and manufactures wearable technology. What approach should Future Clothes take after a long period of horizontal integration in its industry? Assume that the industry is now stable and competitors have not made any major changes in price or marketing recently.
Answer:
The interpretation of the discussion is characterized throughout the explanation segment below.
Explanation:
Concentrate on an investigation as well as implementation or enhancement as something with a category or manner of price-free competitive advantage. With more than just related diversification, there is much less inflationary pressure as well as the corporation or manufacturer should start concentrating on non-price competitive advantage throughout the opportunity to expand mostly on the supply chain.So the answer here is just the appropriate one.
Mary wrote a 40 call on abc stock at a price of $275. She does not own any shares of abc. Mary has i. Limited her losses to $275. Ii. Unlimited loss potential. Iii. Limited her gains to $275. Iv. Unlimited profit potential
Mary wrote a 40-call option on ABC stock at a strike price of $275. By writing the call option, Mary has taken on the obligation to sell 40 shares of ABC stock at the strike price of $275, if the option is exercised by the option holder.
Since Mary does not own any shares of ABC stock, she will need to purchase them at the market price if the option is exercised.
Regarding the limited or unlimited nature of her losses and gains, Mary has:
i. Limited her losses to $275: This is because, as the option writer, Mary's maximum loss is limited to the premium she received for writing the option ($275), plus any transaction costs. Even if the stock price were to rise significantly, her potential loss is capped at this amount.
ii. Unlimited loss potential: This statement is incorrect. As the option writer, Mary's losses are limited to the premium she received for writing the option.
iii. Limited her gains to $275: This statement is incorrect. If the stock price stays below the strike price of $275, the option will likely expire worthless and Mary will keep the premium as her gain. However, if the stock price rises above the strike price, her potential gains are not limited to $275.
iv. Unlimited profit potential: This statement is correct. As the option writer, Mary's profit potential is unlimited, as the stock price can rise indefinitely, resulting in potentially larger gains.
In summary, Mary has limited her losses to the premium received ($275), but her potential gains are not limited and can be unlimited.
Learn more about shares from the given link.
https://brainly.com/question/33535691
#SPJ11
In it firt year, "Abol Buna Company" had the following experience
Sale = 25,000 unit Selling price = Birr 100
TVC = Birr 1,500,000 TFC = Birr 350,000
Required:
Develop revenue, cot and profit function for the company in term of quantity. Find the Breakeven point in term of quantity
Convert the cot equation in term of quantity into a cot equation in term of revenue
Find the Breakeven revenue
If profit had been Birr 500,000 what would have been the ale volume (revenue) and the quantity of ale. What would be the profit if ale were Birr 2,000,000?
To develop the revenue function, we can use the information provided about the sale and the selling price. The revenue can be calculated as the product of the sale and the selling price.
In this case, the revenue function would be:
Revenue = Sale * Selling Price
= 25,000 * 100 Birr/unit
= 2,500,000 Birr
To develop the cost function, we can use the information provided about the total variable cost (TVC) and the total fixed cost (TFC). The cost function would be:
Cost = TVC + TFC
= 1,500,000 Birr + 350,000 Birr
= 1,850,000 Birr
To find the profit, we can subtract the cost from the revenue. The profit function would be:
Profit = Revenue - Cost
= 2,500,000 Birr - 1,850,000 Birr
= 650,000 Birr
To find the breakeven point in terms of quantity, we need to find the point at which the cost and the revenue are equal. This can be done by setting the profit function equal to zero and solving for the quantity.
Profit = 0 = Revenue - Cost
= 2,500,000 Birr - 1,850,000 Birr
= 650,000 Birr
At this point, the cost and the revenue are equal, so the breakeven point in terms of quantity is 25,000 units.
To convert the cost equation in terms of quantity into a cost equation in terms of revenue, we can use the revenue function to express the quantity in terms of revenue. The cost function would then be:
Cost = TVC + TFC
= 1,500,000 Birr + 350,000 Birr
= 1,850,000 Birr
To find the breakeven revenue, we can set the profit function equal to zero and solve for the revenue.
Profit = 0 = Revenue - Cost
= Revenue - (TVC + TFC)
= Revenue - 1,850,000 Birr
At this point, the cost and the revenue are equal, so the breakeven revenue is 1,850,000 Birr.
If the profit had been 500,000 Birr, we can use the profit function to solve for the sale and the revenue.
Profit = 500,000 Birr = Revenue - Cost
= Revenue - (TVC + TFC)
= Revenue - 1,850,000 Birr
Solving for the revenue, we get:
Revenue = Profit + Cost
= 500,000 Birr + 1,850,000 Birr
= 2,350,000 Birr
Then, using the revenue function to solve for the sale, we get:
Revenue = Sale * Selling Price
= 2,350,000 Birr / 100 Birr/unit
= 23,500 units
If the revenue had been 2,000,000 Birr, we can use the revenue function to solve for the sale and then use the profit function to solve for the profit.
Sale = Revenue / Selling Price
= 2,000,000 Birr / 100 Birr/unit
= 20,000 units
Profit = Revenue - Cost
= 2,000,000 Birr - (TVC + TFC)
= 2,000,000 Birr - 1,850,000 Birr
= 150,000 Birr
Learn more about revenue function, here https://brainly.com/question/29148322
#SPJ4
Which of the following are not traits of entrepreneurs?
I
energy
dishonesty
dedication
dependence
Answer: dishonesty and dependence.
Explanation:
Dishonesty are not traits of entrepreneurs. Entrepreneurs often have a knack for thinking outside the box, generating new ideas, and finding innovative solutions to problems. The answer is OPTION B.
Risk-taking: Entrepreneurs are willing to take calculated risks and step out of their comfort zones to pursue their business ideas.
Passion: Successful entrepreneurs are deeply passionate about their ventures, which fuels their motivation and perseverance.
Vision: Entrepreneurs have a clear vision of their goals and a strong sense of where they want to take their businesses in the long term.
Adaptability: They can quickly adapt to changing circumstances, markets, and trends, allowing them to stay relevant and competitive.
Persistence: Entrepreneurs demonstrate resilience in the face of challenges, setbacks, and failures, and they are committed to overcoming obstacles.
To learn more Entrepreneurs, click here.
https://brainly.com/question/31010585
#SPJ3
Which function identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies, and establishes prices?
The function that identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies and establishes prices is known as Marketing.
What is Marketing?It refers to the process of creating, distributing, pricing and promoting goods, services in order to facilitate satisfying exchange relationships with customers and develop and maintain favorable relationships with stakeholders in a dynamic environment.
Read more about Marketing
brainly.com/question/25369230
#SPJ1
Aarp expects agents offering aarp-branded products to demonstrate five key behaviors when interacting with customers. Aarp wants customers we work with to feel their relationship with aarp is _____________.
Aarp expects agents offering aarp-branded products to demonstrate five key behaviors when interacting with customers. Aarp wants customers we work with to feel their relationship with aarp is effortless and inspiring.
What is the way to interact with customers?Customer interaction involves rendering services to customers by business either through social media or physical contact.
For interactions with customers to be effective, there must be:
Effective customer engagementEmpathyAppreciationLearn more about customers interaction here: https://brainly.com/question/4068936
#SPJ1
*ECONOMICS* Which situation best illustrates the concept of absolute advantage?
A. A factory in Vietnam can produce more shoes than other
countries.
B. The total value of U.S. exports is lower than the value of the
country's imports.
C. A software company is forced to increase its prices to pay for
rising labor costs.
D. A restaurant buys its ingredients from nearby farms to help the
local economy
Answer:
A. A factory in Vietnam can produce more shoes than other
countries.
Explanation:
Absolute advantage is the potential of an individual, a company, or a country to produce a higher quantity of output than its competitors while using the same inputs. It means an institution with absolute advantage has more efficiency in producing a particular commodity than its rivals. It utilizes lower marginal cost (materials and labor), making its output much cheaper than others.
A factory in Vietnam has an absolute advantage because it can produce shoes at a lower cost than others. Absolute advantage makes the factory more competitive in the market than its rivals.
Answer:
a.
Explanation:
ap3x test