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If they spend all night writing computer programs,Laurence can write 10 programs,and Carrie Anne can write 5.If they spend all night making sunglasses,Laurence can make 6 pairs,and Carrie Anne can make 4.Given this information and supposing Laurence and Carrie Anne have constant opportunity costs,we know that _____ has an absolute advantage in _____.
Depreciation Rate
The rate at which an asset loses its value over time, often used for tax and accounting purposes to spread the cost of an asset over its useful life.
Average Accounting Return (AAR)
This is a financial metric used to assess the profitability of an investment, calculated by dividing the average net income by the average investment.
Profit Margin
A financial metric expressed as a percentage, indicating the ratio of a company's profits to its total revenues.
Depreciated Straight-Line
A method of depreciation where an asset's cost is reduced equally over its useful life.
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