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Molly needs 30 minutes to wash the car and 45 minutes to mow the lawn. Renee needs 1 hour to wash the car and 2 hours to mow the lawn. Which of the following statements is correct?
a. Molly has an absolute advantage in washing the car; Renee has an absolute advantage in mowing the lawn.
b. Molly has an absolute advantage in mowing the lawn; Renee has an absolute advantage in washing the car.
c. Molly has an absolute advantage in both tasks.
d. Renee has an absolute advantage in both tasks.
e. Neither woman has an absolute advantage in washing the car.
Explain how does the bank's Find outing relate to economist's traditional focus on Illustrate what people do, rather than Illustrate what they say they will do.
What explains that ATC is U-shaped for two reasons. The first is the existence of diminishing marginal product.
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
Your current car has a trade-in value of $12,600. A new car can be financed at a nominal interest rate of 4% compounded monthly. How much will your monthly payments be?
q.social regulation is undertaken with the intention of improving the quality of life. the agencies most people are
Illustrate what is the fed funds rate in the banking system. Explain how the Fed manipulates this rate in order to achieve macroeconomic objectives.
By what percentage will the demand for coffee increase each year? Show how you got the solution. How soon will the area have enough demand to support a fifth Starbuck? Show how you got the solution.
What is the difference between demand for insurance and demand for medical care?
Explain why general level of wages is high in United States and or industrially advanced countries.
Analyze the dynamics of supply and demand to anticipate market equilibrium. Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies
Elucidate how are the benefits and costs of this tariff distributed among consumers and producers.
Willie will receive all his operating expenses, and in addition will receive $2,000 each year for the decline in value of the automobile.
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