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3 May, 10:37

Which is the best measurement to use to determine who might have the absolute advantage?

high opportunity cost

low opportunity cost

low efficiency

high efficiency

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Answers (2)
  1. 3 May, 10:40
    0
    i would say high efficiency
  2. 3 May, 10:44
    0
    High efficiency cost.

    Explanation:

    It means the production of goods in such a way that money can be used efficiently and in a much better way. Absolute advantage is high efficiency cost as it leads to high productivity.

    If while producing goods and services minimum or less cost are involved than it brings out more profits. Efficiency is know as using less cost measures to get more profits.

    During production it is the best measure to keep in mind to get more goods produced in less cost inputs and high profits. Its the best measure.
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