Answer: See explanation
Explanation:
Marginal analysis are applied by the consumers when they make decisions and this simply means that when making a decision, they look at the marginal benefit and the marginal cost and then make a comparison.
In this scenario, rides will be allocated based on time costs that have been incurred as the individuals who have time and can wait longer or like a particular ride or those will wait till they have their preferred ride. On the other hand, the individuals who doesn't have much time will be willing to take another ride even if it's not what they really like.
This relates to demand and supply because increase in demand for a particular product will lead to lesser supply and will lead to few people getting what they want as there'll be scarcity or increase in the price for that product. In such cases, consumers may go to the substitute of that particular product.
Answer:
Suspect characteristics. ...
Suspects' race/ethnicity. ...
Suspects' sex. ...
Suspects' age. ...
Suspects' socioeconomic status. ...
Other suspect characteristics: mental status, demeanor, intoxication.
Explanation:
Police are trained to protect their fellow officers and citizens. To do this, they must think rationally whether or not they're in the right mind.
Answer:
2.57
Explanation:
Given the data:
X : 17, 17, 16, 17, 23, 22, 21
Mean absolute deviation (MAD) :
Σ|x - xbar| ÷ n
xbar = Σx/ n
n = 7
Σx = (17 + 17 + 16 + 17 + 23 + 22 + 21) = 8
xbar = 133/7 = 19
|x - xbar| :
|17 - 19|= 2
|17 - 19| = 2
|16 - 19| = 3
|17 - 19| = 2
|23 - 19| = 4
|22 - 19| = 3
|21 - 19| = 2
Therefore,
MAD = (2+2+3+2+4+3+2) / 7
MAD = 18 / 7
MAD = 2.57
(a) Microville has the absolute advantage producing cars. Because the most it can produce is 10 while Macroville can only produce 5.
(b) The opportunity cost is 5 cars if Macroville decides to use all of its resources and produce 20 boats.
(c) Microville has the comparative advantage in producing cars? Because its opportunity cost for 1 car is 1 boat while Macroville's cost for 1 car is 4 boats.
(d) If each country were to specialize in producing either cars or boats and then trade for the other product, Macroville makes 20 boats and Microville makes 10 cars. Each country produces the goods it has a comparative advantage in. Cars for Microville and boats for Macroville.
