Answered

IDNLearn.com makes it easy to get reliable answers from experts and enthusiasts alike. Find the information you need quickly and easily with our comprehensive and accurate Q&A platform.

Select the correct answer from each drop-down menu. if the _______cost for producing a particular good is lower for one producer than another, the former producer has for producing the good.

Sagot :

Asarwaridn

If the opportunity cost for producing a specific good is lower for one producer than another, the former producer has a comparative advantage for producing the good.

Comparative advantage refers to the ability of an economy to produce a specific good or service at a lower opportunity cost in comparison to its other trading partners. Comparative advantage is used to describe why enterprises, countries, or individuals can benefit from trade. As per the given case when a producer produces a certain good at a lower opportunity cost in comparison to its competitor, the producer has a comparative advantage in the production of the good.

"

Complete question:

if the _______cost for producing a particular good is lower for one producer than another, the former producer has  _______ for producing the good.

opportunity ; comparative advantage

opportunity ; absolute advantage

economic ; comparative advantage

marginal ;  absolute advantage

"

You can learn more about comparative advantage at

https://brainly.com/question/13236978

#SPJ4

Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Find precise solutions at IDNLearn.com. Thank you for trusting us with your queries, and we hope to see you again.