Answer
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Explanation
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Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by 27
<h3>How to find the opportunity cost</h3>
opportunity cost of Burritos
= 400 / 300
= 1.33
The opportunity cost of Tacos
300 / 400
= 0.75
For the tacos produced we would have
opportunity cost of tacos x opportunity cost that was incurred
= 36 * 0.75
= 27
Hence we would conclude by saying that Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by 27
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complete question
The complete question for this particular question is in the attachment (picture)
In the given example, the $8000 represents median of central tendency. The median is the number in the middle of a sorted, ascending or descending list of numbers, and it can be more descriptive of the data set than the average. It is the point above and below which half (50%) of the observed data falls, and thus represents the data's midpoint.
The median is the number in the middle of a sorted list of numbers. To find the median value in a series of numbers, sort the numbers in value order from lowest to highest or highest to lowest. The median can be used to approximate an average or mean, but it should not be confused with the actual mean.
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For every dollar of wealth in the average white family, the typical black family has around one cent.
<h3>
What is Racial inequality?</h3>
Northwestern University sociologist Christine Perche ski, who co-authored the study, compared the wealth — assets minus debts — of households with kids for black, white, and Latino families, stating that a family’s wealth exists key to a child’s future success.
Racial inequality in income for families with children has not increased recently, but racial wealth inequality controls grown tremendously,” Percheski said. “The level of racial economic inequality in the U.S. stands staggeringly high, and that is an essential part of the story of racial violence and racial injustice and health disparities of the COVID-19 pandemic.”
Percheski points to prejudice in housing and mortgage lending, including predatory lending, as well as inequities in the way higher education exists financed as some of the contributory factors that have created the huge disparity in wealth between black and white families. She also notes that after the Great Recession of 2008, many white and Latino families existed able to regain much of the wealth they lost. But that hasn’t occurred for black families who have seen a nearly 20% drop in homeownership since that time.
Hence, For every dollar of wealth in the average white family, the typical black family has around one cent.
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black box
What is black box?
- A black box is a system that can only be understood in terms of its inputs and outputs (or transfer characteristics) in the fields of science, computing, and engineering. The way it's implemented is "opaque" (black). The phrase can be used to describe a variety of internal mechanisms, including those of a transistor, an engine, an algorithm, the human brain, as well as those of organizations and governments.
- Around 1945, it appears that the phrase "black box" acquired its contemporary connotation and entered the English language. The process of network synthesis from transfer functions, which led to the idea that electronic circuits are considered to be "black boxes" determined by how they react to signals sent to their ports, may be traced back to Wilhelm Cauer, who first published his concepts in 1941.
- Although Cauer did not use the term himself, those who followed him undoubtedly did. Vitold Belevitch dates the concept of black-boxes back even further, claiming that Franz Breisig was the first to explicitly treat two-port networks as black boxes in 1921 and that 2-terminal components were implicitly treated as black-boxes before that.
- The "explanatory principle," the theory of a causal relationship between the input and the output, provides the foundation for comprehending a black box. This concept argues that the system's inputs and outputs are separate, are observable (and related), and are opaque to the observer (non-openable).
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