In physics, there are two types of quantities
- Scalar quantity
- Vector quantity
Scalar quantities are quantities that have magnitude but no direction. Examples of such quantities include speed, pressure, etc
Vector quantities are quantities that have both magnitude and direction. Examples of such quantities include velocity, acceleration etc.
Vector quantities are represented by an arrow over the position of the object to denote its direction.
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The true statement about the opportunity costs in the two countries is: B) the opportunity cost of producing cheese is higher in Denmark.
<h3>What is an opportunity cost?</h3>
An opportunity cost is also referred to as alternative forgone and it can be defined as the value, profit or benefits that are given up and forfeited by an individual or business firm, in order to choose or acquire something deemed most significant at the time.
In this context, we can infer and logically deduce that the true statement about the opportunity costs in the two countries is that the opportunity cost of producing cheese is higher in Denmark because it forfeits only 50 pounds of cheese.
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Complete Question:
For each watch Denmark produces, it gives up the opportunity to make 50 pounds of cheese. Germany can produce one watch for every 100 pounds of cheese it produces. Which of the following is true with regard to opportunity costs in the two countries?
A) The opportunity cost of producing watches is higher in Denmark.
B) The opportunity cost of producing cheese is higher in Denmark.
C) The opportunity cost of producing cheese is identical in both countries.
D) It is impossible to compare opportunity costs because the two countries use different currencies.
E) In both countries combined, the opportunity cost of one watch is 150 pounds of cheese.
There were 270*100/30 = 900 total finishers. 90% completed the marathon, so 900*100/90 = 1000 began the marathon. 1,000 runners total.
Quality information is an organized set of relevant data that can be used for various purposes.
Quality information is made up of a group of data already supervised and ordered, which serve to build a message based on a certain phenomenon or entity.
- It allows solving problems and making decisions, since its rational use is the basis of knowledge.
- It is a resource that gives meaning to reality, through codes and data sets.
Therefore, we can conclude that quality information is the set of data, already processed and ordered for understanding, that provide new knowledge that can be used for different purposes.
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