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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.
Calculate the standard deviation of annual sales. Calculate the coefficient of variation of annual sales.
Decide whether the Demand for paint is elastic, unitary elastic or inelastic. Elucidate your reasoning also interpret your results.
suppose you are considering growing and selling maize. Illustrate what is the profit maximising out put.
Determine the after-tax cash flows for this investment. make adjustment in the DDB depreciation charges if necessary in any year in light of the SV of $20k
When should this item be reordered. What could be the risk of stockout would result from a decision not to have any safety stock.
q1. george if purchases 4 sodas at 2 each he can buy 4 pretzels at 5 each. this will leave george with 0 dollars and 1
Say y store it as cash in a mayonnaise jar in kitchen cabinet. What would this do to circular flow of income and spending. How would businesses react to household hoarding.
In an effort to bring inflation down they had set interest rates at 5% in 2018. How should the federal reserve react if they desire to bring inflation down to 3%. When will they achieve that goal? (Hint: maintain plenty of decimal places.)
Reasonable to assume that disutility of pollution is related to flow of new pollutants and it is thus adequate to use a static model. What are n predictions of model.
Consider a good whose consumption takes place publicly. On what factors would your decision to buy that good depend.
Calculate Max's marginal utility from snorkeling at each number of hours per day. Does Max's marginal utility from snorkeling obey the principle of diminishing marginal utility.
How does the real wage rate at point c compare with the real wage rate at point a. How do nominal wage rates compare at those two points.
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