If Jason can wash a car in 20 minutes and wash a dog in 10 minutes and Megan can wash a car in 15 minutes and wash a dog in 15 minutes, which of the following statements is true? a. Megan can wash two cars in the time it takes Jason to wash a dog. b. The opportunity cost of washing a car is one dog bath for Jason. c. The opportunity cost of washing a car is greater for Megan. d. Jason has both a comparative and an absolute advantage in washing a dog. e. The opportunity cost of washing a dog is lower for Megan.

Answers

Answer 1

Answer:

d. Jason has both a comparative and an absolute advantage in washing a dog.

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."

Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.

This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).

An absolute advantage can be defined as the ability of an individual such as a producer to produce a good or provide a service in larger (greater) quantity for the same amount of money or the same quantity at a lesser cost or time. Thus, it's the superior capability of an individual over another using the same resources.

Hence, the statement which is true is that, Jason has both a comparative and an absolute advantage in washing a dog because he washes it in 10 minutes while it would take Megan 15 minutes.


Related Questions

Pls help it’s due tomorrow!

Answers

Answer:

A. Contact Information for Refrences.

Explanation:

Hi there! To me it makes the most sense because it has nothing to do with a carrer plan. Sure, refrences are benefical but they do not determine what can help you grow and succed in the workforce.

I hope this helps! Good luck! :)

What is the concept of a “substitute” in economics?

Answers

[tex] {2}^{2} \times \frac{?}{?} [/tex]

what are the two advantages and two disadvantages in breakevean analysis​

Answers

Answer: See explanation

Explanation:

Break-even analysis tells a business about the number of products which must be sold in order to cover the costs of production.

Advantages of break even analysis include:

1. It enables a business organization to be able to measure the profit and the losses at different stages of the production and sales.

2. It is used to forecast the effect of the changes in the sales prices.

3. It also vital in analyzing the relationship that exist between the fixed cost and the variable costs.

Disadvantages of break even analysis include:

1. It assumes that the sales prices are constant at the levels of output.

2. It also assumes that both the sales and the production are the same.

3. It can be time consuming during its preparation.

Part 1: Multiple Choice
Instructions
Choose the answer that best fits each statement below.
1. As you begin your budgeting process, a good place to start is to prepare a
a. Budget variance
b. Budget estimate
c. Budget plan
d. Budget contribution
I
2. What type of expense fluctuates month to month?
a. Emergency
b. Fixed
C. Variable
d. Discretionary
3. Which is an example of a financial statement?
a Bank statement
b Statement of contributions
C. Fixed and variable statement
d. Periodic statement
4. What is it called when you put money aside specifically for use in difficult situations?
a Income fund
b. Opportunity fund
c. Fixed expense fund
d. Emergency fund

Answers

Answer:

1.)a

2.)b

3.)c

4.)c

I think this could be the answer

Which pathways in the Transportation and Logistics career cluster typically have high rates of illness and injury?
O Transportation Systems/Infrastructure Planning, Management, and Regulation, Transportation Operations, and
Sales and Service
O Health, Safety, and Environmental Management: Warehousing and Distribution Center Operations, and Logistics
Planning and Management
O Sales and service, Logistics Planning and Management, and Facility and Mobile Equipment Maintenance
Transportation Operations, Facility and Mobile Equipment Maintenance, and Warehousing and Distribution Center
Operations

Answers

Answer:

D

Explanation:

Answer:

D

Explanation:

hello how are you? you are fine, thats great basically 1+1 =2 but really if you take - out of = you get 1+1-2 which is 0 syawyna what shape is purple narwhal or chainsaw

Answers

the answer you are looking for is acrobat

Answer:

Honesty that's kind of true and to answer the narwhal chainsaw question.....it cycles through the rainbow like LED lights in your room

Explanation:

Select the correct answer from the drop-down menu. Which type of college credit program does the statement describe? The program is one of the more common ways to get college credi you must take at the end of the course. Reset​

Answers

Answer:

scholarship

i wanna say its that but

can we see the drop down menu?

Explanation:

Answer:

can we see what's in the drop down menu

But I'm pretty sure its a scholarship

Explanation:

When Shelly hired the housecleaning service, she asked them to use her hypoallergenic cleaning supplies. Instead the workers used their own supplies and Shelly had to lose a day from work because of her allergic reaction to the smell of the cleaners. When Shelly looked at the service guarantee that the workers had left, she found that she could get a reimbursement for all of her out-of-pocket expenses if she had a notarized letter from her doctor describing her condition and her reaction, an affidavit from the workers that they had used the wrong cleaners and another notarized statement that she would not have become ill if the workers had used the right cleaners. This service guarantee is ineffective because it is NOT:

Answers

Answer: Easy to invoke and collect

Explanation:

To make claims on services and get paid can be a stressful journey sometimes. As most organization would require you provide much evidence for the claims you are making. What makes it more stressful is the number of organizations involved to make the claims a success, this is why most times they are not easy to invoke and reclaim. Most persons would rather bear the loss than go through the process. This is what Shelly has to consider while making her claim.

Jermaine and Kesha are married, file a joint tax return, have AGI of $82,500, and have two children. Devona is beginning her freshman year at State University during fall 2020, and Arethia is beginning her senior year at Northeast University during fall 2020 after having completed her junior year during the spring of that year. Both Devona and Arethia are claimed as dependents on their parents' tax return. Devona's qualifying tuition expenses and fees total $4,000 for the fall semester and Arethia's qualifying tuition expenses and fees total $6,200 for each semester during 2020. Full payment is made for the tuition and related expenses for both children during each semester. The American Opportunity credit available to Jermaine and Kesha for 2020 is: a.$2,500. b.$3,000. c.$5,000. d.$6,000.

Answers

Answer:

c.$5,000.

Explanation:

The computation of the amount of credit available is given below:

= Devona + Arethia

= ($2,000 × 100%) + ($2,000 × 25%) +  ($2,000 × 100%) + ($2,000 × 25%)

= $2,000 + $500 + $2,000 + $500

= $2,500 + $2,500

= $5,000

hence, the amount of credit available is $5,000

Therefore the correct option is c.

how should a consumer seek remedy once they have experienced unfair financial practices

A trust in the other party to accurately adjust any errors made on their behalf

B Contact the other party one time only as opposed to multiple communications

C Contact local media organization to reveal any wrongs committed by the other party

D Take steps to properly file a dispute and engage an advocate to handle their case


How are consumers responsible for their own security

A They should create simple passwords using birthday and names instead of something more complicated

B They should always use open public networks because they are more secure than private networks

C They must join an identity protection service to protect themselves from identity theft

D They should use and regularly update an antivirus program to protect their personal information


Which statement correctly describes an internet security issues

A Phishing is an illicit software program which unwittingly sends private account information from a user's computer

B Spyware are individuals who attempt to get access to another person's computer to harm it somehow

C A virus is a harmful program that gets loaded onto a user's computer after visiting an infected website

D Hackers are attempts to deceive people into revealing personal information with fraudulent emails and social media requests

Answers

Answer: C

Explanation:

You welcome.

When modeling fisheries: (You may choose one or more answers, you may also want to consult your book concerning fixed quota and fixed effort) Group of answer choices Fixed quota models are risky because slight miscalculations can result in fish population extinction Fixed quota models result in multiple maximum sustainable yield population levels Fixed effort harvesting reduces the risk of population extinction Fixed effort models result in an inability to harvest at maximum sustainable yield

Answers

Answer:

Option A, Fixed quota models are risky because slight miscalculations can result in fish population extinction

Explanation:

Some of the major drawbacks of modelling fishing are as follows –  

a) The fixed quota model is very risky as a miniscule change in attributes can result into extinction of fish.  

b) On the other hand fixed effort harvesting can decrease the risk of fish population extinction

Hence, option A is correct

Say the following 2 events occur at the same time: 1) an increase in the price of milk, an input in the production of cheese; 2) a decrease in the price of bagels, a complement of cheese. The following 2 events would lead to a(n) _________ in the market price and a(n) __________ in the market quantity of cheese. 1 point indefinite change; indefinite change increase; indefinite change indefinite change; decrease indefinite change; increase decrease; indefinite change

Answers

Answer:

The correct answer is the following combination: Increase; indefinite change.

Explanation:

To begin with, in the microeconomics theory when it comes to the rise of the price of a product the factors of major impact will be the inputs needed in the production of final good. In this particular case, the fact that the price of the milk has increased it will afect directly the price of the cheese in a matter of going up. And that consequently will afect the quantity demanded by going down. However, due to the fact that now the price of the bagels, a complement of the cheese, has gone down then it is indefinite to known what will happen to the quantity demanded of the cheese due to the fact that this last factor will impact it positively. So in the end, the two situations affect the quantity to a matter of indefinite change.

Choose one of the leadership styles described and give an example of a character from
a book or film that demonstrates this leadership style. Explain whether or not it is
effective.

Answers

Answer:

Autocratic leadership is that type of leadership in which the leader exercises his power in an excessive way, without limits on the part of another type of bureaucratic structure or of his own subordinates, who have practically no participation in the decision-making process. Thus, in these cases the leader makes decisions by his own will and criteria, which can lead to errors of judgment and tyrannical behavior.

A clear example of an autocratic leader in a movie is that of Xerxes, the Persian leader in movie 300, who oppresses his own subordinates to achieve the desired results.

Answer:

Autocratic leadership is that type of leadership in which the leader exercises his power in an excessive way, others have practically no participation in the decision-making process. This is not effective because the leader makes decisions by his own will and criteria, this can lead to errors of judgment, where others could have helped.

Leron is in high school and is interested in the Logistician career. Which accurately lists the most likely pathway
that Leron will take?
O high school diploma + certification
O high school diploma + associate's degree - licensure
O high school diploma + bachelor's degree
O high school diploma — master's degree internship

Answers

Leron would have to get a high school diploma and then a bachelors degree. A bachelors degree is required for a entry level position. Hope that helps!

Answer:

Leron would have to get a high school diploma and then a bachelors degree. A bachelors degree is required for a entry level position. Hope that helps!

Explanation:

Select the closing entry that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances. Multiple Choice debit Sales and credit Income Summary for $15,000. debit Sales $15,000; debit Purchase Returns and Allowances $200 and credit Income Summary for $15,200. debit Sales for $15,000; debit R Holloway, Capital for $13,000 and credit Income Summary for $28,000. debit Income Summary for $15,000 and credit Sales for $15,000.

Answers

Answer:

debit Sales $15,000; debit Purchases Returns and Allowances $200 and credit Income Summary for $15,200

Explanation:

Based on the information given the CLOSING ENTRY that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances are:

Debit Sales $15,000

Debit Purchases Returns and Allowances $200 Credit Income Summary for $15,200

($15,000+$200)

(To close revenue accounts and income statement accounts)

An investor does not wish to attempt to time the market, so she invests $300 each month into the GEMCO Growth Fund. Over the past 5 months, her purchase prices have been $10, $12, $15, $20, and $25. On the basis of this information, if she were to stop investing at this point and sell her shares 2 months from now when the NAV is $15 per share and the public offering price is $15.79, it would be CORRECT to state that her A) average cost per share was $16.40 B) proceeds were $15.79 per share C) cost basis for tax purposes was $14.71 D) realized loss would be $1.40 per share

Answers

Answer:

It would be 4(67)+ 56-

Explanation:

Which of the following statement is false? Group of answer choices Financing activities include the obtaining of cash from issuing debt and repaying the amounts borrowed. Statement of cash flows help investors assess the entity’s ability to generate future cash flows. Noncash investing and financing activities should not be included in the body of the statement of cash flows. Interest payment on bonds payable is a cash outflow from financing activities.

Answers

Answer:

Interest payment on bonds payable is a cash outflow from financing activities.

Explanation:

The only statement which is false from the list is : Interest payment on bonds payable is a cash outflow from financing activities.

Interest payment on bonds payable is an expense in the income statement used to determine the income for the year. Net Income falls under the Cash flows from Operating Activities.

According to David Parker and Alison Mobey's study of project managers: there was a low understanding of the tools and benefits of a structured analysis of project risks. work is oriented toward continuous improvement of existing processes over longer periods of time. most managers focused on the work processes of the operation in order to manage risk. most managers are risk averse and prefer to be optimistic and not consider risks or to avoid taking risks whenever possible. managers are long-term focused and process oriented

Answers

Answer:

The answer is "First choice"

Explanation:

According to David Parker and Alison Money's Project Leader study, a systematic risk assessment has already shown a shallow grasp of the tools and benefits.  One reason that was found in their phenomenologic analysis of the project leaders by David Parker and Alison Mobey2 is that they've had no understanding of the tools and benefits of formal project risk analysis. The lack of formal instruments for risk management is seen by many as an obstacle to the implementation of a risk management program.

All of the following are assumptions of the resource-based model EXCEPT: a. firms acquire different resources and develop unique capabilities based on how they combine and use resources. b. firms' performances across time are due primarily to their unique resources and capabilities rather than the industry's structural characteristics. c. differences in resources and capabilities are the basis of competitive advantage. d. resources and capabilities are highly mobile across firms.

Answers

Answer: d. resources and capabilities are highly mobile across firms.

Explanation:

Resource-based theory posits that valuable resources which are difficult to copy are valuable to the success of an organization. Such resources can further develop the capabilities of a firm. In the resource-based model, skilled employees are key to the success of the organization.

A why assumption of this model is that the differences in resources and capabilities bring about competitive advantage.

It should be noted that option D "resources and capabilities are highly mobile across firms" ain't an assumption and is therefore the answer.

Forsyth County charges a 7% sales tax. If you bought a new printer form $3250.00, what is the total cost for the printer?

Answers

Answer:

Total cost = $3477.5

Explanation:

Given the following data;

Sales tax = 7%

Cost price = $3250.00

To find the total cost for the printer;

First of all, we would determine the sales tax

Sales tax = 7/100 * 3250

Sales tax = 7 * 32.5

Sales tax = $227.5

Now, we can find the total cost;

Total cost = sales tax + cost price

Total cost = 227.5 + 3250

Total cost = $3477.5

multiple choice-- economics

Entrepreneurs do all of the following EXCEPT ...

Come up with new ideas about what, how, when, and where to produce

Own all the other resources

Organize labor, land, and capital

Bear risk from business decisions

Answers

Own all the other resources

Entrepreneurs do all of the following except own all the other resources. Thus, the correct answer is option B.

Who are Entrepreneurs ?

An entrepreneur is someone who has an idea and tries to develop a good product or service that others will purchase, together with a business to help them in their endeavour. An entrepreneur is seen as a visionary or an innovator since they take on the majority of the risk and responsibility for their new company.

An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods. An entrepreneur plans for labour, capital, and resources.

Therefore, Own all the other resources is not a role of an entrepreneur.

To learn more about entrepreneur, click here:

https://brainly.com/question/13897585

#SPJ2

In one week, Mohammed can knit 5 sweaters or bake 240 cookies. In one week, Aisha can knit 15 sweaters or bake 480 cookies. Which of the following is correct? a. Mohammed has an absolute and a comparative advantage in both tasks. b. Mohammed has an absolute advantage in both tasks and a comparative advantage in knitting sweaters. c. Mohammed has an absolute advantage in both tasks and a comparative advantage in baking cookies. d. Aisha has an absolute advantage in both tasks and a comparative advantage in knitting sweaters. e. Aisha has an absolute and a comparative advantage in both tasks.

Answers

Answer:

d. Aisha has an absolute advantage in both tasks and a comparative advantage in knitting sweaters.

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."

Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.

This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).

An absolute advantage can be defined as the ability of an individual such as a producer to produce a good or provide a service in larger (greater) quantity for the same amount of money or the same quantity at a lesser cost or time. This ultimately implies that, an absolute advantage is the superior capability of an individual over another using the same resources.

Hence, Aisha has an absolute advantage in both tasks (superior capability) and a comparative advantage in knitting sweaters because she can knit 10 more sweaters than Mohammed using the same resources or time.

Answer:

D. Aisha has an absolute advantage in both tasks and a comparative advantage in knitting sweaters.

Explanation:

Hope this helps

The best way to obtain all of your education history including grades, course history, and credits earned is to request a
O diploma
transfer
O transcript
O report card

Answers

the correct answer is a transcript
Transcript! —————-.....>

Net initial investment includes ________. Group of answer choices cash outflow to purchase new equipment, depreciation on new equipment, and after-tax cash inflow from disposal of the old equipment cash outflow to purchase new equipment, cash outflow for working capital, and after-tax cash inflow from disposal of the old equipment depreciation on new equipment, cash outflow for working capital, and after-tax cash inflow from disposal of the old equipment cash outflow to purchase new equipment, cash outflow for working capital, and depreciation on new equipment

Answers

Answer:

The correct answer is the following option: Cash outflow to purchase new equipment, cash outflow for working capital and after-tax cash inflow from disposal of the old equipment.

Explanation:

To begin with. the term known as "Net initial investment" refers to a concept in the field of business, finances and accounting that represents the total amount of money that the investors a company or a project put it together in order to start the business. It is a very important matter of the capital budgeting use due to the fact that involves the cash for new equipment and new working capital as well as the after-tax cash inflow from disposal of the old equipment. Moreover, the correct apreciation and calculation of this concept involves a major contribution to the final returns to the shareholders, so that puts more importance in the term.

The following transactions have been journalized and posted to the proper accounts: 1. Mark Call invested $7,000 cash in his new design services business. 2. The business pre-paid the first month's rent of $700 cash. 3. The business purchased equipment by paying $2,000 cash and issuing a note payable for $4,500. 4. The business purchased supplies for $850 cash. 5. The business billed a client for $4,000 of design services completed. 6. The business received $3,000 cash for the completed services. What is the balance in Cash for this design service business

Answers

Answer:

$6,450

Explanation:

Calculation to determine the balance in Cash for this design service business

Using this formula

Cash balance=Cash Amount invested+Cash Received-Rent- Equipment purchased-Supplies

Let plug in the formula

Cash balance=$7,000+$3,000-$700-$2,000-$850

Cash balance=$6,450

Therefore the balance in Cash for this design service business is $6,450

If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many
Yens do you need to buy 200 Dollars for? show working please

Answers

Answer:

2,400 Yens

Explanation:

exchange rate for buying Japanese Yen is 12 Yens per Dollar

1 dollar : 12 Yens

how many Yens do you need to buy 200 Dollars for?

Let

x = number of Yens needed

200 dollars : x Yens

Equate the ratios to find x

1 dollar : 12 Yens = 200 dollars : x Yens

1/12 = 200/x

Cross product

1 * x = 12 * 200

x = 2,400

x = number of Yens needed = 2,400 Yens

Answer:

2400 yen

Explanation:

smort

what is a premiun?
asfghjbvm

Answers

Premium is an amount paid periodically to the insurer by the insured for covering their risk.

3. Which is an example of a financial statement?
a. Bank statement
b. Statement of contributions
C. Fixed and variable statement
d. Periodic statement

Answers

Answer:

i think the answer is

a.)bank statement

Answer: A. Bank statement

Find the zeroes of the polynomial of 2√3x^2 - 5x + √3​

Answers

The answer is this (I don’t know if is correct )(sorry)

Dirk suffered a heart attack and was rushed to the hospital where heart surgery was performed. His total bill for medical services was $50,000. Dirk has a major medical policy with 80-20 coinsurance, a $1,000 calendar-year deductible, and a $9,000 out-of-pocket limit. The out-of-pocket limit applies to coinsurance only. Assuming this hospitalization was the first medical care that Dirk received during the year and that all of the hospital services were eligible for coverage under the policy, how much of the $50,000 bill will the insurer pay

Answers

Answer:

2000

Explanation:

Other Questions
put the following in order from longest wavelength to the shortest wavelength: ultraviolet, microwaves, x-rays, infrared NEED HELP ASAP 10 POINTSThe production, purchase, and sale of goods in a world-wide market is known as the _____. The cinco de Mayo served as an inspiration for the Confederacy during the United States' Cil War.- true or false? The length of life of oil-drilling bits depends upon the types of rock and soil that the drill encounters, but it is estimated that the mean length of life is 55 hours. An oil exploration company purchases drill bits that have a length of life that is approximately normally distributed with mean equal to 55 hours and standard deviation equal to 9.1 hours.What proportion of the companys drill bits will have to be replaced after more than 90 hours of use? i need to do a science project and i have to write about "reducing ocean pollution" could anybody give my ideas? THANKS CHICAS Solve 1/2+(3/4x4/9)= Bobby Joe is having a fit and throws his backpack up in the air with an initial velocity of 26.2 m/s. Determine the height it will rise to before coming down and hitting Bobby Joe up the head.A)2mB)15mC)25mD)35m 1) Se divirtieron Julio y sus amigos?2) Quin o qu caus el problema?3) Cmo era el restaurante?4) Describe el problema.5) Qu no comprendi Julio?6) Cul es un buen ttulo para la lectura?7) Fuiste una vez a un restaurante cuando tuviste una mala experiencia como laexperiencia de Julio y sus amigos? Te enfadaste? Le dijiste algo al mesero o no? Do Aliens exist? -s , ! What is the slope line? PLEASE HELP I WILL MARK YOU BRAINLIEST (1)Mai had $14.50. She spent $4.35 at the snack bar and $5.25 at the arcade. What is the exact amount of money Mai has left?(2)Kristina rides her bicycle 384.25 miles over 29 weeks too and from her job. How many miles does she ride each week to and from her job if she rides the same amount each week? I need help can you help 1/28 to the power of two+3(7)= Solve for n2n +4 = 3.4 If 2 inches in the drawing represents 1 mile, which distance is closest to the length ofthe actual bus route Sofia takes to get from her house to the shopping center?A 24 miB 6 miC 5 miD 12 mi What is the value of x? PLS HELP ASAPWhich of the following is not true about salt lakes?A) The water that flows in contains salt or minerals.B) They have only outflows to other water bodies but in most cases no inflows.C) There is no outflow to other bodies.D) Salt is left behind after evaporation. Solve: 10(0.5x- 2) = -3x + 20 + 8x What is the use of life? what must be the length of a ladder that mr. rizzo can use if he wishes to place the bottom of the ladder five feet from a wall and he wishes to reach a window that is 15 feet above the ground? use the pythagorean theorem to solve pls