Answer: Winona has the lowest opportunity cost of completing the task.
Explanation:
Based on the information given in the question, the opportunity cost will be calculated as:
= Earnings per hour × Hours taken to complete the task
Therefore, for Winona, the opportunity cost will be:
= 1 × $200.
= $200.
For Hubert, the opportunity cost will be:
= 9 × $25
= $225
Therefore, based on the calculation above, Winona has the lowest opportunity cost of completing the task.
Answer:
1. When income transfers to the ablebodied poor increase, the recipients will have less incentive to work.
The incentive to work for most people is earning a wage to make a living.
For the poor, this incentive is even more so, because usually, the lack of work for them means severe lacking in their material needs: shelter, food, clothing, electricity, drinking water, and so on.
If the poor are given income transfers from the government, they will have less incentive to work simply because they now obtain some income without the need of doing so.
The incentive to work is reduced even more if the income transfers to the ablebodied poor increase so much that they become higher than the minimum wage. In a situation like this, many ablebodied poor will simply stop searching jobs because they can earn more money from the government by not working.
Strategy is a sustainable and dominant market share the set of actions a firm takes to achieve a competitive advantage.
<h3>What is Competitive advantage strategy?</h3>
Competitive advantage can be explained as factors that influence a company to produce goods or services and be able to stand out compare to her other company in that industry.
These advantages help the company to be able to produce and generate more sales compared to its market rivals.
Learn more about competitive advantage at:
brainly.com/question/9067127
#SPJ1
