-Omar and John can fix computers or write computer programs. The table above shows the number of computers they can fix and the lines of code they can write in a day.
a) Who, if anyone, has the absolute advantage?
b) Who has the comparative advantage in fixing computers? Why?
c) Who has the comparative advantage in writing programs? Why?
Definitions:
Cumulative Preferred Stock
A type of preferred stock where dividends that have not been paid in the past must be paid out to preferred shareholders before common shareholders can receive any dividends.
Par Common Stock
The face value of common stock as designated in the corporate charter, which is the minimum amount that shares can be issued for.
Total Dividend
The sum of all dividends paid out to shareholders for a specific period, representing the share of profits distributed.
Reacquired Shares
Shares that were previously issued and have been bought back by the issuing company, reducing the amount of outstanding stock on the open market.
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