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Michael and Angelo are both artists who can create sculptures or paintings each day.The following table describes their maximum outputs per day.Does either one have a comparative advantage?
Operating Cash Flow
The cash generated from the normal operations of a company, reflecting the amount of cash earned from the production and selling of goods and services.
Depreciation Expense
The allocated portion of the cost of a fixed asset to expense over the asset's useful life to represent its use and wear and tear over time.
Interest Expense
The financial charge an organization incurs from taking out loans.
Tax Rate
The percentage of an individual's or corporation's income or profits that is paid to the government as tax.
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