Jethro has an absolute advantage in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up.
Absolute advantage refers to an individual's capacity to efficiently carry out a task when compared to other individuals or groups.
- In economics, this broadly refers to the ability and capacity to produce and conduct an economic good or a particular service in a more efficient manner than the competitors.
- In this case Jethro has an absolute advantage in all aspects of camping.
- Within the constraints of the economic activity, production is more efficient and higher.
- Fewer resources are required to produce a particular commodity and/or service that needs higher resources for the competitors.
- With fewer inputs, the outputs stand maximized in the context of absolute advantage.
Therefore, Jethro has an absolute advantage in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up.
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Answer:
$14,343.25
Explanation:
First city bank pays 8% simple interest in a savings account
Second city bank pays 8% interest compounded annually
$68,000 is deposited deposited in each of the bank
The first step is to calculate the simple interesr per year of first city bank
= principal × rate
= 68,000 × 8/100
= 68,000 × 0.08
= 5,440
The interest earned for the period of 8 years can be calculated as follows.
= 5,440 × 8
= 43,520
The balance at the end of 8 years can be calculated as follows
= 68,000 + 43,520
= 111,520
The next step is to calculate the future value of second city bank
= principal × (1+R)^n
= 68,000 × (1+8%)^8
= 68,000 × (1+0.08)^8
= 68,000 × 1.08^8
= 68,000 × 1.85093021
= 125,863.25
Therefore the amount of money earned from second city bank at the end of 8 years can be calculated as follows
= 125,863.25-111,520
= 14343.25
Hence the money that was earned from second city bank at the end of 8 years is $14,343.25
Answer:
The correct answer is A. a PI project may be appropiate.
Explanation:
Benchmarking is a continuous and systematic process that makes a comparative evaluation of products or services in organizations that show best practices in a given area, with the aim of transferring knowledge of best practices and their application.
Benchmarking should not be confused with espionage or competition, so the concepts of best practices and area of interest should be very clear. In this sense, for the organization it becomes an appropriate process, since it allows you to know to what extent it may be convenient to consider the actions against the established norm.
When you work with a dereferenced pointer, you are actually working with the actual value of the variable whose address is stored in the pointer variable. A pointer is a number that a identifies a location from memory.
Answer:
Conference/Seminars
Explanation:
Conference/Seminar is a form of social event in which a group of people with similar interest gather in a certain place in order to talk/discuss about a specific issue.
Typically, every conferences/seminars will invited several people as the 'speakers' . These speakers are chosen based on their experience or knowledge in that specific issue.
In the case above, Jack is most likely attending a business conference and the speaker is someone who has a business experience for over 4 years.
