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sergij07 [2.7K]
3 years ago
13

Ted can wax a car in 20 minutes or wash a car in 60 minutes. Tom can wax a car in 15 minutes or wash a car in 30 minutes. What i

s each man’s opportunity cost of washing a car? Ted's opportunity cost of washing one car is wax jobs. Tom's opportunity cost of washing one car is wax jobs. Who has a comparative advantage in washing cars?
Business
1 answer:
babymother [125]3 years ago
4 0

Answer:

0.33

0.5

Ted

Explanation:

Ted's opportunity cost = 20 / 60 = 0.33

Tom's opportunity cost = 15 / 30 = 0.5

A person has comparative advantage in an activity if he carries out the activity at a lower opportunity cost when compared with other people.

Thus, ted has an opportunity cost in washing cars.

I hope my answer helps you

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Your friend was injured in an accident, and the insurance company has offered him the choice of $25,000 per year for 15 years, w
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Answer:

PV=$237,228.84

Explanation:

Giving the following information:

Annual payment= $25,000

Number of periods= 15 years

Interest rate= 7.5%

<u>To calculate the value of the payments today (PV), we need to use the following formula:</u>

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PV= A*{(1/i) - 1/[i*(1 + i)^n]} * (1+i)

PV= 25,000*{(1/0.075) - 1/ [0.075*(1.075^15)]} * 1.075

PV=$237,228.84

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3 years ago
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<h3>What is literature reviews?</h3>

A literature review is a summary of the earlier written works on a certain subject. The phrase can be used to describe an entire academic paper or a specific piece of an academic work, like a book or an essay. In either case, the goal of a literature review is to give the researcher/author and the audience a broad overview of the body of information that already exists on the subject at hand. An appropriate research question, theoretical framework, and/or study methodology can all be confirmed by a thorough literature review. A literature review specifically helps to place the current study within the body of the pertinent literature and to give the reader context. In this situation, the approach typically comes before the review

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3 0
2 years ago
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Aleksandr-060686 [28]
The answer that would best complete the given statement above would be the term "billion". <span>Businesses in America will spend approximately​ $600 BILLION on  h</span><span>ardware, software, and telecommunications equipment in 2015. Hope this answers your question. Have a great day ahead!</span>
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Gardner electric has a beta of 0.88 and an expected dividend growth rate of 4.00% per year. the t-bill rate is 4.00%, and the t-
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Grievance procedures in nonunion firms: a. Usually have arbitration as its final step and permit the use of wildcat strikes amon
Mazyrski [523]

The correct option is C

<u>Explanation:</u>

Non-association complaint techniques fluctuate generally in their structure from casual open entryway arrangements to expound peer survey and assertion based methodology. The selection of these systems is driven by a scope of elements including association substation, suit shirking, and as a component of human asset techniques concentrated on advancing high responsibility from representatives.

Non-association complaint methods will, in general, be utilized less much of the time that their association partners, yet use levels fluctuate depending on the structure of the methodology with those joining non-administrative leaders displaying higher utilization levels.

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