1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Which is the following one of the first things you should do when preparing to present yourself to an employee
kotegsom [21]
What are the options?
8 0
3 years ago
You are holding a stock that has a beta of 1.85 and is currently in equilibrium. The required return on the stock is 28.95%, and
Karo-lina-s [1.5K]

Answer: 41.90%

Explanation:

First calculate the risk free rate:

Required return = risk free rate + beta * (Market return - risk free rate)

28.95% = rf + 1.85 * (18% - rf)

28.95% = rf + 33.3% - 1.85rf

28.95% = -0.85rf + 33.3%

0.85rf = 33.3% - 28.95%

rf = 4.35%/0.85

rf = 5.12%

New required return;

Required return = risk free rate + beta * (Market return - risk free rate)

= 5.12% + 1.85 * (25% - 5.12%)

= 41.90%

3 0
3 years ago
While working at his factory job, joe slipped on the wet floor. he went to the doctor where they told him he broke his ankle. wh
Svetlanka [38]

Worker's Compensation, because the injury occurred by an employee in the course of performing their job.

4 0
3 years ago
You are paying 11% interest on a credit card balance of $2,000. Which of the following best estimates the interest you are payin
Sloan [31]
<span>You are paying 11% interest on a credit card balance of $2,000. 
=> 2 000 * .11 =  220 dollars is the interest.
Next is to total or sum up the amount to be paid.
=> 2 000 + 220 = 2220 dollars 

</span>
5 0
3 years ago
what do you do if a caller needs a particular question answered and you're completely uncertain about who the caller should cont
barxatty [35]
(D) ask the callers name, number, and purpose of the call and tell him or her someone will call back in a few minutes.
The other answers do not look professional,as for answer D, the caller will feel you really care about him or her, since you have taken their contact detail and you have assured them someone will call them back shortly. It shows as a business you but your callers need first.
5 0
3 years ago
Other questions:
  • Behaviors that are more common in your life make better reinforcers than behaviors that are less common. this is known as _____.
    7·1 answer
  • Jeanine Baker makes floral arrangements. She has 18 different cut flowers and plans to use 7 of them. How many different selecti
    14·1 answer
  • Which of the following will always be true when an economy is in long-run equilibrium?
    6·1 answer
  • A registered representative employed by ABC broker/dealer is good friends with an independent venture capitalist. The venture ca
    14·1 answer
  • The people who come into our stores are friendly and value this community. You have helped develop this positive attitude throug
    6·1 answer
  • Contribution Margin Variance, Contribution Margin Volume Variance, Market Share Variance, Market Size Variance Sulert, Inc., pro
    10·1 answer
  • Samson Corporation sold the following during the year: Two delivery trucks purchased in March 2016 for $78,000 are sold in June
    6·1 answer
  • Western Airlines operates five flights daily between Chicago and Phoenix during the winter. One flight leaves Phoenix at 12:10 P
    10·1 answer
  • File cabinets are conventional storage cabinets that are deeper than they are wide and have files arranged from front to back.
    6·1 answer
  • a company paid $43,800 to acquire 7% bonds with a $46,000 maturity value. the company intends to hold the bonds to maturity. the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!