Business Studies, asked by maheshwari6611, 1 year ago

In determining comparative advantage cost is measured in terms of

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Answered by RiskyJaaat
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Answered by MarkM
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In determining comparative advantage, cost is measured in terms of resources used. For example,given two economies that allocate their resources equally to produce a certain commodity. The country that is able to produce most units of the product that the other has the comparative advantage as it will cost more for the other country to produce as much.

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