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.
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Answer:
it is undefined
Step-by-step explanation:
it is undefined because the vertical line touches the same x coordinate in the whole thing.
Answer:
576 cm^3
Step-by-step explanation:
Express this volume formula as V = π r^2 h, where the " ^ " symbol indicates exponentiation. Substitute 4 for r (this is half the diameter), 12 cm for h, and 3 for π: V = 3*(4)^2*12 cm^3, or V = 576 cm^3.
