Comparative Advantage in Business Performance (Essay Sample)
Paper instructions
Instructions: In your responses, comment on the post of two peers whose simulations had different outcome than your own. Research and provide examples of companies in the news that are relevant to your peers’ comments on the value of comparative advantage for making their business decisions.
Please respond to the two peers post in the doc attached to this order. I also attached the discussion you written for me earlier this week to help respond to the peers. 1 paragraph per peer.
Student’s Name
Professor’s Name
Course
Date
Peer Responses
Response to Student S,
I agree that comparative advantage is an excellent way to evaluate your business performance by understanding which items bring more profit. Comparative advantage allows a business owner to compare the opportunity cost of good A versus good B, making a valuable business decision. Economists contend that comparative advantage occurs “when a country produces goods and services at a lower opportunity cost than other countries” (Siddiqui).
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