Business, 10.03.2020 18:26 polo1397

Trevor can shovel a driveway in two hours or he can plow a parking lot in 30 minutes. Paul can shovel a driveway in one hour or he can plow a parking lot in one hour. Given this we know that:.

Answers: 1

Show answers

Answers

Answer from: 20warriorsoul14

Given this we know that: Trevor has an absolute advantage in plowing a parking lot.

Explanation:

A shovel is a hand held tool used for digging, lifting, and moving bulk materials. The shovel is commonly used in lifting sand, snow, soil and coal.

Mostly shovels are used as hand tools. A broad blade is fixed to a medium-length handle. The blades of the shovel are very strong; they are made of a sheet steel or hard plastic.

In the above scenario, Trevor and Paul both have a shovel and does their plowing work. Trevor is capable of digging the driveway in two hours or plowing a parking lot in 30 minutes.

Answer from: leslie4759

Trevor can shovel a driveway in two hours or he can plow a parking lot in 30 minutes. Paul can shovel a driveway in one hour or he can plow a parking lot in one hour. Given this we know that Trevor has an absolute advantage in plowing a parking lot.

Explanation:

The concept of absolute advantage was given by Adam Smith in his book "The wealth of the Nation" in the year 1776

The principle of absolute advantage is used to refer to the ability of a party to produce a greater quantity of a good, product, or service than its competitors, given that the amount of resources remain the same

For example, India has an absolute advantage in operating call centers compared to the Germany because of its low cost of labor and abundant labor force.

Hence we can say that ,Trevor can shovel a driveway in two hours or he can plow a parking lot in 30 minutes. Paul can shovel a driveway in one hour or he can plow a parking lot in one hour. Given this we know that Trevor has an absolute advantage in plowing a parking lot.

Answer from: Quest

a is the correct answer, tell me if im right

Answer from: Quest

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.

Another question on Business

Business, 22.06.2019 19:30

Consider the following two projects. both have costs of $5,000 in year 1. project 1 provides benefits of $2,000 in each of the first four years only. the second provides benefits of $2,000 for each of years 6 to 10 only. compute the net benefits using a discount rate of 6 percent. repeat using a discount rate of 12 percent. what can you conclude from this exercise?

Answers: 3

Answer

Business, 22.06.2019 22:00

Gyou are in charge of making the work schedule for the next two weeks. typically this is not a difficult task as you work at a routine 8am – 5pm company. however, over the next two weeks you are required to schedule someone to be in the office each saturday. after contemplating this for a few days you make the schedule and assignments. before posting the schedule for everyone you decide that it is a good idea to meet personally with the two people you have scheduled to work the weekend. what do you say to them? what is your desired outcome?

Answers: 3

Answer

Business, 22.06.2019 22:50

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.

Answers: 2

Answer

Business, 22.06.2019 23:10

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.

Answers: 1

Answer

You know the right answer?

Trevor can shovel a driveway in two hours or he can plow a parking lot in 30 minutes. Paul can shove...

Questions