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

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

Secondary data consist of ________. A) data that is unreliable and unsuitable for the purpose of making marketing decisions B) information collected from conducting personal, in-depth interviews C) data that does not age D) information that already exists somewhere, having been collected for another purpose E) information collected for the specific purpose at hand

Answers

Answer: D) information that already exists somewhere, having been collected for another purpose.

Explanation:

Secondary data in a research is data that has already been collected by others and usually for the another purpose but can be used for the purpose at hand.

These other sources could be from the government or private institutions and individuals but when they are used in research they must be referenced so that viewers know where the information is from.

Secondary data is used in our daily lives. For instance, if you had a weather report and used data from the National Weather Service (NWS), that is secondary data being used.

1. Describe the features available through online banking.
2. Discuss the advantages of doing your banking online,
3. Discuss the disadvantages of doing your banking online.
4. What is identity theft and how does it connect to online banking?
5. What measures can you employ to make your online banking safe and efficient?
6. What types of services do you see in the future for online banking?
7. Describe the purpose of the Electronic Funds Transfer Act.
8. How can banks be competitive in the features offered through online banking?

Answers

Answer:

wait can i ask somebody to help you

Explanation:

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:

Where do you like to go when you eat out? Do you like to cook? Could you live without internet? Whats your most memorable birthday? What would your perfect day be like?

Answers

Lots of places, I don't really know, Yes, all of them, I don't know

MCDONOLDS DUHHHHHHHHHHHHHHHHHHH

Terrance has to make home mortgage payments. What can you MOST likely conclude about Terrance based on this fact?​

Answers

Answer:

Terrance owns a house.

Explanation:

Answer:

A. He has a long-term liability.  

Explanation:

c:

What do you mean by technical occupations ? write with examples​

Answers

Answer:

I think techical occupation means the worker who work through laptops and computers

software engineer game designer publisher etc....

Help quickly please! economics!
Can someone tell me why wealth gaps are common in countries with capitalism?

Answers

A strict definition of capitalism is a society where capital is privately owned, and workers paid wages by private firms. Essentially it is a society with minimal government intervention and resources are distributed according to the outcome of free markets.

Essential (fair) inequalities:

Profit motive: A basic principle of capitalism is that individuals are motivated by the profit incentive. For example, entrepreneurs undertake a risky venture to set up firms because they hope to make a substantial profit. If there was not this profit incentive, entrepreneurs would not undertake the risk of setting up a firm. Therefore, you can say the potential of reward makes inequality an essential ingredient of capitalism.

You could argue people may have other motivations for setting up a business than just higher incomes, but most would agree higher income is an important consideration – if not overriding motive.

Work Incentive: Inequality is also important to motivate workers. If every worker received the same wage regardless of skill and effort, there would be no incentive to learn new skills and work hard at the job. A firm in a capitalist society can pay successful workers a higher wage to reflect their higher productivity. This will lead to wage inequality, but without it it would be hard to motivate workers.

Not necessary (unfair) inequalities:

Monopoly Power: The above types of inequality may seem ‘fair’ or justified. If you work hard, you get to benefit from your enterprise. However, capitalism can also lead to inequality which may be seen as unfair. For example, a firm may develop monopoly power. Then it is in a position to charge consumers artificially high prices and deter entry. If firms have monopsony power, they can get away with paying a wage much lower than the productivity of the worker. Workers have no choice but to work for a very low wage. Therefore, capitalists with access to private property can ‘exploit’ their monopoly power to make a much higher profit than other people in society.

Inheritance: Another aspect of capitalism is that private property can be passed on from one generation to another. Therefore those who inherit capital can enjoy high income even without any effort. They have access to best private education and jobs. This creates inequality of opportunity as well as inequality of opportunity.

These types of inequality mean that there isn’t a level playing field; some in society get an unfair advantage, there isn’t equality of opportunity.

Note: I have written this answer because this is what they teach us in economics. But I am a strong supporter of capitalism.

Steven watched the island get bigger as they approached. Now he could see buildings and roads. He saw that they were approaching a small island beside it that had an airport. He twisted in his seat, anxious for the plane to land and his family's vacation to begin in the Galapagos Islands.

Steven's parents were both scientists who were researching the endangered pink fairy armadillo, a species found in Argentina. Steven, his brother, Nick, and his parents had just spent a month living in a tent on the outskirts of the rain forest in Argentina. Because the family traveled so much, Steven and his brother attended school online. Doing homework in the humid rain forest with bugs bigger than hamburger buns flying around and an internet connection that kept cutting out was not Steven or Nick's idea of a good time. They pressed on since they knew how important it was to stay in school, especially if they wanted to be scientists just like their parents. As a reward for putting up with the uncomfortable stay in the rain forest, their parents had planned a family vacation to the Galapagos Islands once their research was complete. The boys were so excited for this new adventure since they had never been to this area of the world before.

How does the narrator of the story help the reader learn how Steven feels about the trip?

a By using a vivid description to show Steven's excitement as they approach the island.
b By telling the reader that Steven wants to be a scientist like his parents.
c By telling the reader that Steven is not looking forward to their vacation.
d By telling the reader that Steven worked hard to plan this vacation for his family.

Answers

the answer would be a

Answer:

A) By using a vivid description to show Steven's excitement as they approach the island.

Brenda and Louise are twin sisters who each married 20 years ago. Brenda and her husband run a small piano tuning business. They have had a small, loyal customer base, and their modest but adequate income has not changed over time. Louise and her husband each work for a corporation, and their incomes have steadily increased over the last 20 years allowing them to increase their standard of living. Assuming that Brenda and Louise began their married lives equally happy, and based on their income histories alone, what would you predict about the subjective well-being of Brenda and Louise today

Answers

Answer: Probably, still happy

Explanation:

People measure success differently, and what makes an individual happy may not be applicable to another, some person's gain satisfaction in doing their own business, while some prefer working for other people. This is why there isn't any specific measure for people's success. Concerning Brenda and Louise, there is a great possibility that they are happy in their various endeavors, having chosen a particular career part and stuck to it for years. This doesn't mean they won't have challenges but means they are happy where they are.

Is this how to speak to a girl, I am lost if you're away. You have me so completely. I cherish you night and day. Without your breath, I cannot live.

Answers

Ya bro go for it should be 100%

Which statement is true about ISO 9000?
A.
Only 10 products from an organization can be certified.
B.
Organizations can become certified.
C.
Employees can certify themselves.
D.
Marketing activities can be certified.

Answers

C.organizations can become certified

Answer: B- Organizations can become certified

Explanation: In the lesson it states:

"Here are certain facts about ISO 9000:

ISO 9000 is applicable to any business, regardless of its size or the industry in which it exists.

It includes definitions, requirements, and recommendations for continuous improvement.

ISO 9000 can also provide certifications to organizations.

Over 170 countries have used ISO 9000 certifications in their industries."

please please.pleas help me

What are the advantages and disadvantages of consulting

NO LINKS!!!​

Answers

Answer:

Advantages of Being a Consultant:

You can learn many skills

Consulting allows you to build a powerful network

You get responsible tasks from the beginning

Perfect if you like to travel

You learn to work with the latest technologies

You can work in project teams

Consulting allows you to see many new things

You can work with many clients

Continuous training

You can work with other motivated people in consulting

Consulting teams support each other

You work on demanding projects

Good for your CV

You learn how to deal with stress

Consultants can earn pretty good money

Great exit options

You can work on many projects

Consulting never gets boring

Explanation:

Disadvantages of Being a Consultant:

Pressure in consulting can be high

Strict deadlines are a problem

You will be pushed to your boundaries

Consulting can imply working long hours

You may be away from home during the week

Being a consultant can be lonely

Some people develop mental issues

No real work-life balance

Problematic in case you have children

You have to represent the company

Many of your colleagues will leave

Insecurity regarding what comes next

Great swings in workload

Unsatisfying outcomes

Success greatly depends on the project manager

Jean’s Vegetable Market had the following transactions during 2014: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $7,000. 5. Sold a long-term investment (cost $3,000) for cash of $6,000. 6. Acquired an investment in IBM stock for cash of $10,000. What is the net cash provided by financing activities? Group of answer choices $21,000 $67,000 $0 $28,000

Answers

Answer:

$21,000

Explanation:

The computation of the cash provided by financing activities is shown below

Cash flows from financing activities

Issue proceeds of common stock $50,000

Less Repayment of 6 year note payable -$22,000

Less: Payment of cash dividend -$7,000

Net Cash provided by financing activities $21,000

The same is considered and relevant

a description about agriculture

Answers

Answer:

The art and science of cultivating the land, growing crops, and raising livestock is known as agriculture. It entails the processing of plant and animal products for human consumption as well as their delivery to markets. These goods, as well as the agricultural practices employed, may differ from one region to the next.

Explanation:

Hope this helps!

Please mark me as Brainlineast.

Whats your favorite Song guys

Answers

gravity ft. tyler the creator

Memories by Maroon 5. I love this song.

What are vesting rights? Question 33 options: the ability of retired employees to retain their seniority if they return to work at their former employer a government commitment to provide retirement benefits to all U.S. workers the designation that retired workers will receive cost-of-living increases as part of their monthly pension checks the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer the ability of younger workers to move their retirement savings to another account after leaving a specific employer

Answers

Answer:

the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Thus, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.

Vested rights can be defined as an unconditional right belonging to an individual as a property interest and as such cannot be denied, impaired or taken away from him or her. Thus, these rights are generally enforceable claims under the law.

Hence, vesting rights is the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer.

Kiran's family took a road trip to Niagara Falls. Kiran slept through the last 62% of the trip. If the total length of the trip was 1000 miles, how many miles had they travelled when Kiran fell asleep?

Answers

Answer: 380

Explanation:

So we know that 62% of the trip she was asleep. Basically we need to subtract 100- 62 and get 38. 38% she was awake. Therefore once we get that we covert it into a decimal

It would be .38 we multiply by the total miles (1000) and your answer will be 380. :)

PLEASE HELP, I WILL MARK BRAINLIEST!!! define/describe the following terms. note what the advantages and disadvantages of each are (from a worker's perspective). here are the following terms: contracting, consulting, entrepreneurship

please no links, this is due tommorow!!!​

Answers

The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business. Higher take-home pay.
Tax relief on business expenses.
Greater opportunity for tax planning.
Total control of your business and name.
One company for all your business interests.
Limited liability and protection of personal assets.

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

30 POINTS :D
If someone you don't know asks where you go to school, what should you do?
A. Don't respond
B. See if they're a friend of a friend
C. Ask why they want to know
D. Lie to them​

Answers

I’d probably ignore them.. it is kinda creepy,
Ask them why they want to know. Sorry if its wrong

A Web site is an example of a cross channel of communication.
A. True
B. False

Answers

true would be the correct answer

As bankers evaluate risk of a derivative, they take into account _____. (Select all that apply.)

-environmental risk

-market change risk

-credit risk

-interest rate risk

Answers

Answer:

Market change risks, credit risks, and interest rate risks must all be taken into account. The only type of risk which does not apply are the environmental risks

Which of the following BEST summarizes the purpose of Section 4 of the 25th Amendment?
A.
It provides a check on presidential power in times of war.
B.
It provides a way for the president to retain his power, even if he is impeached.
C.
It outlines the procedures to be followed in the case that the vice presidency is vacant.
D.
If the president is incapable, or unfit to

Answers

B is the answer .Branliest plz thank you.

Assignment 7S
(15 points)
Assignment Overview
This is a three-part assignment.
In Part I, you'll check your work from Section 7.
In Part II, you'll add on to your Section 7 project.
In Part III, you'll zip and submit your files to your instructor.
Part I: Check Your Work
Follow these steps to check your work from Section 7.
1. Make sure your Career Presentation looks the way you want it to. If you want to make
changes, do that now.
2. Make sure you've saved your work before you continue.
3. Make sure your Career Presentation meets the criteria in the Career_Presentation
Grading Rubric on the next page.

Answers

Answer:

im confused my self

Explanation:

Aswer

did u use slides

Explanation:

??

WILL BE MARKED BRAILIEST!!
3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan

visit some stores selling the product
stop production of the product
lower prices and see what happens

Answers

Answer:

They company goes out of business?

Explanation:

You see Paul dealing with Susan, an upset employee from another department. Susan is complaining about something that your department was supposed to do but didn't. You are in a back room and have not been seen by Susan. Paul is obviously frustrated and unable to deal with Susan effectively. You should:

a. Walk up to the pair and attempt to change the conversation.
b. Introduce yourself to Susan and offer your assistance.
c. Ask your supervisor to offer some interpersonal skills training to Paul.
d. Tell Paul that Susan is needed by the supervisor to end the situation.

Answers

I think option (b) is the correct

WILL MARK BRAINLIEST

Sheila purchased some raw materials from a vendor. She pays the vendor in cash. Which legal document does the vendor give Sheila to validate
the transaction?

A. purchase slip
B. invoice
C. receipt
D. token
E. payroll

Answers

The answers is letter C

Answer:

c. receipt

Explanation:

Green Landscaping is completing work for a contract client that is billed when work is completed. At the year-end, Green had completed $250 of landscaping services that were unbilled and unrecorded. The entry to record this adjustment will include which of the following entries: (Check all that apply). Multiple select question. a debit to unearned service fees a credit to unearned service fees a debit to service fees earned a credit to accounts receivable a credit to service fees earned a debit to accounts receivable

Answers

Answer:

a debit to accounts receivable

a credit to service fees earned

Explanation:

Based on the information given we were told that $250 of landscaping services which were unbilled and unrecorded was completed at year end which means that The appropiate journal entry to record this adjustment will include which of the following entries:

a debit to accounts receivable

a credit to service fees earned

The Federal Reserve Act of 1913 required all ________ banks to become members of the Federal Reserve System, while ________ banks could choose to become members of the system.a. state; nationalb. national; municipalc. national; stated. state; municipal

Answers

Answer:

c. national; state

Explanation:

The Federal Reserve Act of 1913 required that banks that operated nationally had to join the Federal Reserve System. It was mandatory, and national banks had to do it.

It also allowed banks that operated on a state level to join the Federal Reserve System, but that was optional, it was not mandatory.

Other Questions
PLEASE HELPWILL GIVE BRAINLIEST Which type of energy does Earth receive from the sun?A. ThermalB. KineticC. ChemicalD. Mechanical What is oversharing mean at work? HEEEEELLLPPPPPPP!!!!!!!!!!!!! what happens if i fail science eoc in 8th grade in florida A billboard is 5.0 m by 2.5 m. A scale diagram of the billboard is 0.25 m by0.125 m.a.1:Calculate the scale.b. Calculate the scale factor (k).c.Is this a reduction or enlargement? Justify your thinking.Pls help In this activity, you will analyze a data set and answer some questions about the data. Warren works as a salesman at a used-car dealership. He maintains a log to track the number of vehicles he sells each day. Warren is paid a commission for each car he sells. He needs to know how many cars he sold last month so he can calculate his commission. The table shows the data he has recorded in the log book for the month. please help Y t, adnde ____________? A. voyB. vasC. vaD. vamosE. van I want to d!e ahahahahahaha WILL GIVE BRAINLIEST In homesickwhy doesnt jean want to sing, God save the king? Please I need help ASAP Editing Checklist1. Is every sentence a complete sentence instead of a fragment or run on?2. Is every sentence punctuated correctly?3. Is the capitalization correct (sentence beginnings, proper nouns)?4. Is each word spelled correctly?Use the Editing Checklist to help you proofread these sentences. Which sentence contains one of the errorsmentioned in the checklist?A)The colored light is a rainbow.B)Rainbows occur when the sun shines thru a rain showerRainbows usually happen early in the morning or late in the afternoonD)Each raindrop acts like a prism that separates sun light into differentcolors An unfinished desk is produced for $35.65 and sold for $64.20. A finished desk can be sold for $76.00. The additional processing cost to complete the finished desk is $6.15. Provide a differential analysis for further processing. Round your answers to two decimal places, if necessary. Differential revenue from further processing: Revenue per unfinished desk $___________ Revenue per finished desk _______________ Differential revenue $____________ Differential cost per desk: Additional cost for producing ___________ Differential from further processing __________ Can anyone help me Can any one help Plz help! Giving brainliest to a complete and correct answer. Absurd answers will be reported. What do you think the Americans attitude towards the English bill of rights will lead to? Please see attachment i have a geometry question. Most people of Central America are100% Indian blood100% Spanish blooda mixture of Spanish and Indian blood Babatunde draws a drinking glass on graph paper using the scale shown below. The glass has a length of 888 units in the drawing.A drinking glass on graph paper. An 8-unit long line is labeled, "height." A 2-unit long scale is labeled, "2.5 centimeters."