A producer is said to have an absolute advantage over another producer when he required less amount of input to produce the same good compared to the other producer.
While a producer is said to have a comparative advantage over another producer when he produces his goods at a lesser opportunity cost compared to the other produer.
Here, time is one of the inputs used in production and Maria produces a scarf at a lesser time compared to Sofia. Thus, Maria has an absolute advantage over Maria in the production of scarves.
Therefore, the true statement is "<span>Maria has an absolute advantage over Sofia".</span>
Answer:
{y≥1
,{y-x>0
Step-by-step explanation:
First of all you have to consider the shaded region. It is bound by two lines.
The first line is a solid line that cuts the y-axis at +1. it's equation is y = 1. since the shade region is on the upper side where y values increase, the unequivocally will be y≥1. notice that the sign ≥ is due to the solid line which indicates points on the solid line are part of the solution.
the second line is the broken line. it passes through the origin (0,0) and (1,1) any two points can be taken. the gradient is 1. m= (y1-y2)/(x1-x2) = (0-1)/(0-1)=(-1/-1)= 1. the equation of a straight line is
y=mx + c where m is gradient and c is the VA)ue of y as the line crosses the y axis ( y-intercept) which in this case is 0 at (0,0).so the equation will be y=1(x) + 0
y=x if we subtract x from both sides we have
y-x=0
since the shaded region is on the upper side as y-x increases the in equality will be
y-x>0 notice since the line is broken it shall be just > not≥ because points on a broken line are not included in the shaded region.
Answer:
2.6
Step-by-step explanation:
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