When economists say entrepreneurs have a comparative advantage in ...

[Pineapplelove6]

When economists say entrepreneurs have a comparative advantage in arbitrage activity, they are saying
 
  A) entrepreneurs are efficient at selling their products below cost.
  B) entrepreneurs are efficient at selling their products at cost.
  C) entrepreneurs are efficient at discovering opportunities to buy goods low and sell them at higher prices.
  D) entrepreneurs are efficient at resolving disputes of interest over titles to scarce property rights.

Question 2

Refer to the scenario above. If the investor plans to invest a sum of 4,000, the net present value of Option B is:
 
  A) -1,536.34.
  B) -2,322.12.
  C) 157.46.
  D) 1,800.79.

[kxciann]

Answer to Question 1

C

Answer to Question 2

C

[Pineapplelove6]

Thank you

[kxciann]

Happy to help you