Answer:For example, the Ricardian model of trade, which incorporates differences in technologies between countries, concludes that everyone benefits from trade, whereas the Heckscher-Ohlin model, which incorporates endowment differences, concludes that there will be winners and losers from trade.
Answer: TIME UTILITY
When a local Walmart is open 7 days a week, 24 hours a day, it is providing the customers with time utility. Economic utility includes Form utility, Time utility, Place utility and Possession utility. Time utility refers to the availability of products when the customer needs them. In this utility, the company chooses the hours and days when products and services are available to the customers according to the needs of the customers.
Answer:
The average product of labor per day is 324
Explanation:
To find the average product of labor per day we need to know the total number of widgets produced divided by the worked days.
Average Product= total number of widgets /days
Monday, 10=250 widgets
Tuesday, 11=286 widgets
Wednesday, 13 =364 widgets
Thursday, 14 workers= 396 widgets
Friday, 12 workers=324 widgets
TOTAL WIDGETS= 250+286+364+396+324=1620
Days= 5 days
Average Product= 1620/5=324
Answer:
$172,000
Explanation:
Calculation for what Andrea's 2020 gross income from the above is:
Using this formula
2020 gross income=Punitive damages+ Medical expenses deducted
2020 gross income=$160,000+$12,000
2020 gross income=$172,000
Therefore Andrea's 2020 gross income from the above is: $172,000
The distribution organizes data by recording all the values observed in a sample as well as how many times each value was observed.
Data distribution is a function that provides all possible values of a variable and also quantifies their relative frequencies (probabilities of how often they occur). Distributions are considered for all populations in which the data are spread out. Another example is a pie chart showing the percentages of different substances that make up the complete object.
We divided the distributions into two categories, depending on the type of organizes data you are using. Discrete distributions for discrete data (finite results) and continuous distributions for continuous data (infinite results).
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