Respuesta :
Answer:
Explanation:
Production possibility schedule is the locust of points showing the various combination of goods and services that a firm or country can produce using the available resources and the most efficient technology.
Therefore the producer will have a comparative advantage when the opportunity cost is maximum.
By the use of the production possibility schedule, the complete sentences are:
- Producers have a comparative advantage when they have a lower opportunity cost.
- Higher tax returns have a comparative advantage in processing
- More calls have a comparative advantage in making sales.
What is comparative advantage?
Comparative advantage is an advantage that a person has when she or he is able to produce more output than others with lower input and resources such as time or input cost. One does not need to be the best in something while producing more output than others.
Production companies have a comparative advantage when their opportunity costs are lower, as shown by the production possibility schedule. Processing is more advantageous for higher tax returns. Sales are more likely to be made when there are more calls.
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