The principle of comparative advantage states that total output is greatest when each product is made by the country that has the ____________.

​A manager invests $400,000 in a technology that should reduce the overall costs of production.The company managed to reduce their cost per unit from $2 to $1.85.All else equal,if the firm continues its production in the same economic environment,the firm's economic profits should

A) ​increase if output is low enough
B) decrease
C) stay the same
D) ​increase if output is high enough

A full formal report may contain a list of illustrations.

Two firms have the same technology and must pay the same wages for labor.They have identical factories, but firm 1 paid a higher price for its factory than firm 2 did.If they are both profit maximizers and have upward-sloping marginal cost curves, then we would expect firm 1 to have a higher output than firm 2.

___involves working through conflict differences and solving problems so everyone wins.

A) Compromise
B) Competition
C) Smoothing
D) Avoiding
E) Collaboration

The resulting accuracy of a collaborative forecast enables supply chains to be

A) more responsive but less efficient in serving their customers.
B) both more responsive and more efficient in serving their customers.
C) less responsive but less efficient in serving their customers.
D) both less responsive and less efficient in serving their customers.