In a two-nation world, comparative advantage in the production of a particular product means that one nation can produce
A. the product at a lower domestic opportunity cost than the other nation.
B. more of the product than the other nation.
C. the product with fewer inputs than the other nation.
D. the product at lower average cost than the other nation.
Answer: A
Economics
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A company currently sells 10,00 . units at $9/unit and makes $20,00 . accounting profit. Variable costs currently stand at $6 per unit. By how much would variable costs have to increase before the company makes zero accounting profits?
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