Answer: The absolute advantage in laundry is held by Steve while the comparative advantage in meal preparation is held by Mike.
Step-by-step explanation:
Absolute advantage is when an individual, firm or country can produce a good or service at a lower cost when compared to the other economic agent. When someone has absolute advantage, it means that the person uses fewer resources and spends less time in producing the good. Based on the explanation, Steve has absolute advantage in laundry since he spends two hours compared to Mike who uses 3hours.
Comparative advantage is when an individual, firm or government can produce a good or service with a lower opportunity cost when compared to the other person. Mike has a comparative advantage in the preparation of meal. It'll be better for Steve to focus his attention on laundry while Mike does the meal.
Step-by-step explanation:
<em>Look at the picture</em>
a. 5pk → 5
b. f = 1f → 1
c. -9t → -9
d. -j = -1j → -1
This budget might be a problem because Mike is using the minimum recommended percentages for food, housing, and transportation. He prepared the biggest sum for entertainment, putting the basic needs under the disadvantage and forgetting about medical emergencies. Therefore, in the end of month there is a strong possibility that he will find out he organized his budget in a wrong way.
Answer:
b. -1
Step-by-step explanation:
(-3,-3) to (-1,-3)
(-1,-3+2) to (-1+2,-3+2)
(-1,-1) to (1,-1)
Since the left/lower end of the domain is included, f(-1) is -1
47 = 50 - 3 or:
47 = Mean - 1 Standard deviation
For normal distribution it means that 4 bags represent 16 % of all samples.
4 bags ------ 16%
x bags ------ 100 %
---------------------------
4 * 100 = x * 16
16 x = 400
x = 400 : 16
x = 25
Answer: 25 bags were probably taken as samples.
