Which describes a way in which consumers most likely benefit from producers’ absolute advantage? Consumers’ opportunity costs decrease. Prices decrease as a result of increased production efficiencies .
Which best describes a way in which consumers most likely benefit from producers absolute advantage?
Consumer’s most likely benefit from producers’ absolute advantage is when prices decrease as a result of increased production efficiencies .
Which best describes how producers benefit?
Which best describes how producers benefit from specialization? Producers can increase their profits.
How do producers benefit from specialization?
How do producers benefit from specialization? The benefits of specialization include a larger quantity of goods and services that can be produced, improved productivity, production beyond a nation’s production possibility curve , and finally, resources that can be used more efficiently.
Which most likely results from producers?
Terms in this set (10) Which most likely results from producers engaging in specialization? Producers reduce their costs .
Which best describes a reason that consumer demand can change?
Which best describes a reason that consumer demand can change? ... It helps consumers tell producers when prices are too high .
Which company has the comparative advantage in producing small tubes?
Which company has the comparative advantage in producing small tubes of toothpaste? Bright White – because it has the bigger difference than Fresh!
Which best describes how many consumers may benefit from specialization?
Consumers may benefit from specialization because they have more price options . Specialization allows the formation of different price range, which allow consumers to decide how and if they want to spend their money on a good/service considering also the price tag as a indicator of the quality of the good/service.
Which best describes how specialized producers decrease their opportunity costs?
Which best describes how specialized producers decrease their opportunity costs? the amount the company receives from the sale of all of its computer parts . ... The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit.
Which of these best describes opportunity cost?
The correct answer is The difference between the alternative selected and the next best alternative .
What is not benefit of specialization?
Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors. The disadvantages of specialization include threats to uncompetitive sectors, the risk of over-specialization, and strategic vulnerability.
What are the disadvantages of specialization?
- Greater cost of training workers.
- Quality may suffer if workers become bored by the lack of variety in their job.
- More expensive workers.
- Boredom for the worker as they do the same job everyday.
- Workers’ skills may suffer as they are only doing one job.
- Workers may eventually be replaced by machinery.
Is specialization a good thing?
Specialization can increase the productivity of and provide a comparative advantage for a firm or economy . Microeconomic specialization involves the individual actors and economic components, and macroeconomic specialization involves the broad advantage an economy holds in production.
Which quality best describes a producer with an absolute advantage efficient fast accurate prolific?
This four qualities which are, efficient, fast, accurate, prolific are referring to one best quality which is for being very productive . Speaking of producer meaning is to produce plenty and it is 100% efficient, and it is an absolute advantage.
Which calculation helps determine which producers has the absolute advantage?
Amount produced divided by the resources used , is the calculation that helps to determine which producer has the absolute advantage.
Which company has the comparative advantage in producing small tubes of toothpaste Brainly?
Based from the table, it shows that the Bright White company has the comparative advantage in producing small tubes of toothpaste for it can make 250 small tubes of toothpaste per hour as compared to other toothpaste companies.
