which best describes how producers benefit from specialization?

which best describes how producers benefit from specialization?


S
Asked by 2 years ago
9.9k points
Which calculation helps determine which producer has the absolute advantage?Amount produced divided by resources used
What can a producer gain by specializing?absolute advantage
It is better for businesses to have opportunity costs, as it often gives them a comparative advantage.lower
Which describes a way in which consumers most likely benefit from producers' absolute advantage?Prices decrease as a result of increased production efficiencies.
Which of these best describes an opportunity cost?NOT a chance
Which company has the comparative advantage in producing small tubes of toothpaste?NOT Mmmint
Which company has the comparative advantage in producing large tubes of toothpaste?Mmmint
All else being equal, which bakery has the absolute advantage?NOT Mrs. Track's
Which best describes how consumers may benefit from specialization?Consumers find products at lower prices.
Use the numbers to place the companies in order of greatest comparative advantage to least comparative advantage in producing small tubes of toothpaste.NOT 2, 1, 4, 3
which best
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Views: 73
Asked: 2 years ago

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