Absolute advantage is the ability of an​ individual, firm, or country to​ produce: A. a certain good at a lower opportunity cost than other producers. B. more of a certain good than other competing​ producers, given the same number of resources. C. more of a certain good than other competing​ producers, given more resources. D. a certain good at a lower total cost than other producers.

Respuesta :

Answer:

D

Explanation:

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Absolute advantage is the ability of an individual, firm, or country to produce B. more of a certain good than other competing​ producers, given the same number of resources.

The term "absolute advantage" refers to the 'authority or power of an individual, firm, or country to do any economic activity that is more efficient than others. In other words, it is when a particular business is given the opportunity to produce goods more efficiently than others.

  • In economics, there are two types of advantages- absolute and comparative advantage.
  • Absolute is where an individual firm, company, etc. is given the right to produce a better goods with a lesser labor force.
  • On the other hand, comparative advantage is where the production cost is taken into consideration.
  • This means that an individual firms or nation may be subjected to lower opportunity costs as compared to other producers.

The economic concept where production rights are given more to a particular firm or nation or even an individual is referred to as absolute advantage. Thus, the correct answer is option B.

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