An individual has a comparative advantage in producing a good or service if the opportunity cost of producing the good or service is higher for that individual than for other people. This is . Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices false

1. True
2. False:

2. False

Explanation:

A person has comparative advantage in production if he produces at a lower opportunity cost when compared with other people.

For example, there are two bakers, Jean and Vincent. Vincent can produce either 5 cakes or 10 pizzas in 1 hour while Jean can produce either 8 cakes or 12 pizzas in one hour.

The opportunity cost for producing cake is:

Jean = 10/5 =2

Vincent = 12 / 8 = 1.5

Vincent has a lower opportunity cost when compared with Vincent in the production of cake, therefore, he has a comparative advantage.

I hope my answer helps you

answer; ///(c) the way a government controls the supply,availability,and value of money;

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation: