Rick started his coffee break at 9:40 am.
A producer is said to have an absolute advantage over another producer when he required less amount of input to produce the same good compared to the other producer.
While a producer is said to have a comparative advantage over another producer when he produces his goods at a lesser opportunity cost compared to the other produer.
Here, time is one of the inputs used in production and Maria produces a scarf at a lesser time compared to Sofia. Thus, Maria has an absolute advantage over Maria in the production of scarves.
Therefore, the true statement is "<span>Maria has an absolute advantage over Sofia".</span>
Answer:
The slope is 7/2
Step-by-step explanation:
The slope of a line can be found by
m = (y2-y1)/(x2-x1)
= (-1 -6)/(9 - 11)
-7 / -2
7/2
Answer:
Per child admission costs $8.5
Per Adult admission costs $13.5
Step-by-step explanation:
Let x be the amount of admission per child and y be the amount of admission per adult
For Tom's party:
13x+2y=137.50 (Equation 1)
For Lisa's Party:
9x+2y=105.50 (Equation 2)
Using Elimination Method:
Add Equation 1 & 2
13x+2y=137.50
9x+2y=105.50
- - = - (Change of Signs)
---------------------------------
4x+0y=34.00
x=34/4
x=8.5
Putting the value of x in Equation 2
13(8.5)+2y=137.50
110.5+2y=137.50
2y=137.50-110.50
2y=27
y=27/2
y=13.5
Answer:
Step-by-step explanation:
People always get it wrong just for points
