Who Has A Comparative Advantage In The Production Of Apples

The United States has an absolute advantage in both goods since it can produce more apples and more cell phones using 1,000 workers. 13/39 = . 33 cell phones. apples, because it costs the United States fewer cell phones in order to make an apple than it costs Korea.

Every successful company has theirs. Without it or its sustainability, a company cannot survive for a long period. Moreover, to have a sustainable profit growth, a company must achieve competitive advantage. Apple Inc. has established its economic moat by developing competitive advantages around the industry.

Moreover, to have a sustainable profit growth, a company must achieve competitive advantage. Apple Inc. has established its economic moat by developing competitive advantages around the industry. Our other work on the SWOT Analysis of Apple has studied the strengths this company acquired.

Also, Apple has gained a positive image of innovation. Apple consecutively introduced different types of tech products including Apple I, Apple II, iMac, iPod, iPhone, iTunes, and iPad. Because of this, it had achieved recognition as the most innovative brand of all. Also, it has been able to take the first mover’s advantage in the tech industry.

Who has the comparative advantage in producing apples?

One of the reasons for its competitive advantage over others is its Brand equity. Apple is known for delivering the best quality products and services. It has maintained the trust levels among the customers for years.

How does Apple benefit from comparative advantage?

Smith outlines the basic theory behind comparative advantage; that it makes more sense to manufacture a good which you have the necessary expertise and materials to produce than to inefficiently allocate your resources to the production of a good that some other country can produce for less overall cost.

What is Adam Smith comparative advantage?

A person has a comparative advantage at producing something if he can produce it at lower cost than anyone else. Having a comparative advantage is not the same as being the best at something.

How does specialization affect international trade?

Countries become better at making the product they specialize in. Consumer benefits: Specialization means that the opportunity cost of production is lower, which means that globally more goods are produced and prices are lower. Consumers benefit from these lower prices and greater quantity of goods.

What does the process of specialization do for the economy?

Specialization can increase productivity 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.

When people specialize and produce the goods for which they have a N?

Countries are better off if they specialize in producing the goods for which they have a comparative advantage. They can then trade for the goods for which other countries have a comparative advantage.

What can a producer gain by specializing?

What can a producer gain by specializing? Which best describes how producers benefit from specialization? Producers can increase their profits. Which calculation helps determine which producer has the absolute advantage?

How does specialization improve productivity quizlet?

In what way does specialization increase productivity? SPECIALIZATION REDUCES THE COST OF PRODUCTION. (For example, a specialized worker has a higher output without increasing the amount of labor required, therefore reducing labor costs.)

What is the best example of specialization?

1 If, for example, a country can produce bananas at a lower cost than oranges, it can choose to specialize and dedicate all its resources to the production of bananas, using some of them to trade for oranges.

How does specialization make us more efficient?

Specialization Leads to Economies of Scale As labor is divided amongst workers, workers are able to focus on a few or even one task. The more they focus on one task, the more efficient they become at this task, which means that less time and less money is involved in producing a good.

What is trade specialization?

Specialization refers to the tendency of countries to specialize in certain products which they trade for other goods, rather than producing all consumption goods on their own. Countries produce a surplus of the product in which they specialize and trade it for a different surplus good of another country.

Who has comparative advantage example?

More Answers On Who Has A Comparative Advantage In The Production Of Apples

Has a comparative advantage in producing apples b has

See Page 1. has a comparative advantage in producing apples. B.has a comparative advantage in producing kiwis. C.has a comparative advantage in producing both goods.D.does not have a comparative advantage in producing either good. The opportunity cost of a kiwi in New Zealand is 1/2 an apple since apple production is reduced by 1/2 when a unit …

Solved If someone has a comparative advantage in the | Chegg.com

Have an absolute advantage in apple production as well. Can produce more apples relative to some other good than their competitors. Can produce apples of a higher quality than their competition ; Question: If someone has a comparative advantage in the production of apples, that means that they: Can produce more apples in a given time period …

e Who has the comparative advantage in producing apples Briefly explain …

e Who has the comparative advantage in producing apples Briefly explain Rosa has from ECO 304 at University of Texas

Investigation the Comparative Advantage of Apples Production in Iran

In this paper, The 2010-2011 data were used to compute different measures of comparative advantage and information of the study was provided from the libraries, and FAO. The results, based on the comparative advantage indices, indicate that Iran has a comparative advantage in the production of apple.

What Is Apple’s Competitive Advantage in Its Industry? | Bizfluent

A key competitive advantage for the company is its ability to develop innovative products that share the same operating system, software and applications. This minimizes the risk, timescale and costs of product development, enabling the company to introduce a stream of new products and stay ahead of competitors.

Solved Refer to the graphs below. If you have a comparative | Chegg.com

Refer to the graphs below. If you have a comparative advantage in the production of apples, what point would best represent your production with trade? Apples| (pounds) Apples (pounds) Your PPF Your Neighbor’s PPF 20 10 10 Cherries 0 (pounds) 42 45 60 Cherries (pounds) 1215 20 For the instructor, this was question 31

Competitive Advantages of Apple Inc – The Strategy Watch

Jun 29, 2022The brand value of Apple Inc. is significant. In the year 2015, Forbes magazine has ranked Apple as the most valuable brand of all time and the worth was estimated 145 billion dollars. By that, we can understand that it has secured a distinctive advantage over other competitors in the industry. Apple’s Advantage of Device Based Monetization

Macro Test 2, Ch. 3: Trade Flashcards – Quizlet

Pallas has a comparative advantage in the production of _____ apps. Which of the following statements explains why Pallas has a comparative advantage in the production of Apple apps? A. Her opportunity cost of producing an Apple app is equal to Justin’s opportunity cost of producing an Apple app. B. Her opportunity cost of producing an Apple …

econ 300 Flashcards | Quizlet

pounds of apples,strawberries jake 8 4 kill 10 10 Between apples and strawberries, Jake has a comparative advantage for picking _____, and Jill has a comparative advantage for picking _____. According to the principle of comparative advantage, _____ should specialize in picking apples, and _____ should specialize in picking strawberries.

Comparative advantages and exports competitiveness of fresh fruits …

Production of fresh fruit in Bosnia and Herzegovina (BH) has been recording significant expansion over the past decade. Taking into account the structure of Bosnia and Herzegovina exports of agricultural products in the period 2009-2013, fresh fruit production shows a marked positive trends and capabilities of further increase both in the physical (quantity) and financial (value of production)…

help5 A country has a comparative… – Coursework Geeks | Facebook

Cama has an absolute advantage in the production of apples. Cama has a comparative advantage in the production of oranges. According to modern theory, it is beneficial for a country to trade a good with another country if one country has a(n) in the production of that good. comparative advantage absolute advantage financial advantage …

(Solved) – Bill Oranges/ Apples 20/ 0 10/ 10 0/ 20 Brian Oranges …

3 Answers to Bill Oranges/ Apples 20/ 0 10/ 10 0/ 20 Brian Oranges/ Apples 10/ 0 5 /15 0/ 30 Explain who has a comparative advantage in the production of oranges and who has the advantage in the production of apples. (Show all math involved in your answer)

Comparative Advantage – Overview, Example and Benefits

Apr 29, 2022Practical Example: Comparative Advantage. Consider two countries (France and the United States) that use labor as an input to produce two goods: wine and cloth. In France, one hour of a worker’s labor can produce either 5 cloths or 10 wines. In the US, one hour of a worker’s labor can produce either 20 cloths or 20 wines. The information …

Answered: Which country has an absolute advantage… | bartleby

Which country. has an absolute advantage in the production of timber? b. Which country has a comparative advantage in the production of fruit? of timber? c. Sketch the PPF’s for both countries. d. Assuming no trading between the two, if both countries wanted to have equal. numbers of feet of timber and baskets of fruit, how would they …

Answer in Macroeconomics for Kg #105744 – Assignment Expert

Answer to Question #105744 in Macroeconomics for Kg. Answers >. Economics >. Macroeconomics. Question #105744. The number of apples and beef two countries produce on average in a month. Country 1 : Apples 1600kg Beef 64kg. Country 2: Apples 9000kg Beef 300kg. A Which country has an absolute advantage in producing apples?

international trade – Sources of comparative advantage | Britannica

Factor endowments: the Heckscher-Ohlin theory. Simply put, countries with plentiful natural resources will generally have a comparative advantage in products using those resources. A related, but much more subtle, assertion was put forward by two Swedish economists, Eli Heckscher and Bertil Ohlin. Ohlin’s work was built upon that of Heckscher.

(Get Answer) – 1. A country has a comparative advantage when it can1 …

1. A country has a comparative advantage when it can1. produce more of a product than another country2. produce a lot of different economic products3. produce a good at a lower dollar cost than another country4. produce a good at a lower opportunity cost than another country2. Beta can produce…

Cooperative – Wikipedia

A cooperative (also known as co-operative, co-op, or coop) is “an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise”. Cooperatives are democratically owned by their members, with each member having one vote in electing the board of directors.

Africa – Wikipedia

Africa is the world’s second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km 2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth’s total surface area and 20% of its land area. With 1.3 billion people as of 2018, it accounts for about 17% of the world’s human population.Africa’s population is the youngest amongst all the …

How does lenovo use strategy to succeed in the global marketplace

B you have a comparative advantage in picking apples

B You have a comparative advantage in picking apples C Your neighbor is better from MACROECON 201 at Southern New Hampshire University

What are Apple’s comparative advantages and disadvantages … – Quora

Answer (1 of 2): Until I switched to Macbooks I would destroy laptops every 2 years (screen pixels, hard drive, keyboard, USB ports). I’m a power user and a heavy user. Macbooks are the most reliable laptop I’ve ever had. I’ve also never have to turn them off; just close the cover and later reope…

(Solved) – Bill Oranges/ Apples 20/ 0 10/ 10 0/ 20 Brian Oranges …

Comparative Advantage – Overview, Example and Benefits

Practical Example: Comparative Advantage. Consider two countries (France and the United States) that use labor as an input to produce two goods: wine and cloth. In France, one hour of a worker’s labor can produce either 5 cloths or 10 wines. In the US, one hour of a worker’s labor can produce either 20 cloths or 20 wines. The information …

Comparative advantages and exports competitiveness of fresh fruits …

PDF

Comparative advantage is deﬁned as the good that an individual can produce at a lower opportunity cost. Equivalently, comparative advantage is deﬁned as the good a person is relatively best at producing in comparison to others. We will show that specialization in the comparative advantage good followed by trade can raise overall welfare.

Chap 3 ans – IE Chap 3 – Home has 1,200 units of labor … – StuDocu

d) Who has a comparative advantage in producing hamburgers? The opportunity cost of making a hamburger for mike is 3/10 = 0 T-shirts. Similarly, the opportunity cost of making a hamburger for Johnson is 4/7 = 0. T-shirts. Since Mike sacrifices less T-shirts to make a hamburger, Mike has an absolute advantage in the production of hamburgers.

PRINCIPLES OF MICRO ECONOMICS – Myassignmenthelp.info

Answer : Australia has comparative advantages in producing Apples because for every one unit production of apple in New Zealand ,Australia produces 2 apples. New Zealand has comparative advantages in producing Oranges because for every 0.67 orange production in Australia, New Zealand produces 1 orange. iii. Suppose that both countries are …

When a country has-a comparative advantage in the | Chegg.com

Expert Answer. When a country has-a comparative advantage in the production of a good, it means that it can produce thas good at a lower opporturity cost than its trading partner, Then the country will speojafize in the production of this oood and trade it for other goods. The following graphis show the production possiblites frontiers (ppFs …

Solved When a country has a comparative advantage in the | Chegg.com

Transcribed image text: When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. Then the country will specialize in the production of this good and trade it for other goods. The following graphs show the production possibilities frontiers (PPFs) for Freedonia and Desonia.

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