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.
Since our sum is 62, and we have consecutive numbers being added, our range is most likely going to be from 10-20.
To further solve this problem easily, try finding 4 consecutive numbers with the ones place adding up to 12, 22, 32, 42, or any number that sums up to the 2 in the ones place.
Let's try 14, 15, 16, 17, since 4, 5, 6, and 7 sum up to a number with a 2 in the ones place.
14 + 15 = 29,
16 + 17 = 33.
33 + 29 is 62.
We have found the age of the friends, but we're looking for the oldest.
Our largest number is 17.
Your answer is 17 years old.
I hope this helps!
20+8 10+10+8 10+10+3=5 20+8 i think thats it
Answer:
$532
Step-by-step explanation:
Ramona worked 2 days which gives you $280 since she gets a flat rate of 140 per day. Then 14% of $600 is 84 and 14% of 1200 is 168 add all of them
The average is approximately 3 inches an hour
