ABSOLUTE AND COMPARATIVE ADVANTAGE PRACTICE SHEET

You are given the following information about a couple and the number of times they can perform a task in a six hour period changing the oil in a car and baking a pie.

Changing Oil and Filter

Billy Bob. Mary Lou
4. 6
Baking a Pie
4. 5

1. What is Billy Bob's opportunity cost of changing the oil in terms of baking a pie?

2. What is Billy Bob's opportunity cost of baking a pie in terms of changing the oil?

Help me please!!!!!!!

Answers

Answer 1

The time to bake a pie is Billy Bob's opportunity cost of changing the oil. Meanwhile, oil change time is Billy Bob's opportunity cost when baking a pie.

We can arrive at this answer because:

Opportunity cost refers to an element that has to be abandoned so that another element can happen.This is because both elements need the same resource and it is not possible to provide this resource to both at the same time.

As we can see from the above question, the time Billy Bob takes to change the oil is roughly the same time he spends baking a pie.

In this case, when changing the oil, he has to give up baking the pie, which makes the time to bake the pie the opportunity cost.

Likewise, when baking the pie, Billy Bob spends the time of changing the oil and that is the opportunity cost.

More information:

https://brainly.com/question/12121515?referrer=searchResults


Related Questions

. What makes the basis of sorting materials into groups? (a) Similarities in their properties (b) Differences in their properties (c) Both similarities and differences in their properties (d) None of these​

Answers

Answer:

C. Both similarities and differences in their properties.

Hope it helps!

Brainliest would be nice if you want to of course. :)

Answer: C

Explanation: Materials are grouped on the basis of similarities or dissimilarities in their properties.

đổi mới chính trị ở VN hiện nay và các mới quan hệ

Answers

Answer:

Explanation: Vietnam's Political Reforms At the Sixth Congress of the Communist Party of Vietnam (CPV) in De cember 1986, political reforms (so-called "politics of renovation" or doi moi) were introduced with a succession of measures at economic modification and decentralization.4 This was an initial major political decision by the

what are subcultures

Answers

Answer:

MARK ME AS BRAINLIEST PLEASE !!

Explanation:

Subculture, means “an identifiable subgroup within a society or group of people, especially one characterized by beliefs or interests at variance with those of the larger group”. Originally “subculture” indicated a particular group of people and their culture.

Examples of subcultures include hippies, goths, bikers, and skinheads. The concept of subcultures was developed in sociology and cultural studies.

a cultural group within a larger culture, often having beliefs or interests at variance with those of the larger culture.

( ILL GIVE 30 POINTS TO WHO HELPS ME, PLEASE HELP I DIDNT KNOW THIS WAS TODAY)
Which of these MOST influenced Jonathan Rodriguez and other car hobbyist?

Question 1 options:

the extra time created by pandemic restrictions


the availability of used cars and parts for them


the rise in street racing and other vehicle exhibitions

Question 2 (1 point)
According to the article, WHY did David Barnes get upgrades for his truck?

Question 2 options:

He wanted more horsepower to perform stunts in his truck.


He had a buyer willing to pay more for the modified truck.


He had a sentimental attachment to the 19-year-old Ford F-25.


He discovered the cost of a new truck was more than he expected.

Question 3 (1 point)
Read the following paragraph from the section "Street Racing."

Professionals like Rodriguez and weekend car hobbyists have been having fun souping up their cars. But they are pretty upset about something else. Pandemic restrictions have brought a sharp increase in street racers. Those drivers have been letting off some steam in dangerous exhibitions. They post videos on social media to gain more attention.

Which word from the paragraph helps the reader to understand that street racing is prohibited?

Question 3 options:

hobbyists


pandemic


dangerous


attention

Question 4 (1 point)
Read the following sentence from the section "Loud Cars."

Still, angry people weary of the noise have had enough.

Which answer choice is the BEST definition of the word "weary" as used in the sentence?

Question 4 options:

oppressed


overworked


tired


worried

Question 5 (1 point)
Is this statement TRUE or FALSE?

"For car fans, spending money on their dream projects has been a helpful hobby."

Question 5 options:
True
False

Answers

the rise in street racing and other vehicle exhibitions

He discovered the cost of a new truck was more than he expected.

dangerous (The paragraph is saying that pandemic restrictions have increased street racing. It makes sense that the next sentence is explaining that the drivers let off steam by driving dangerously. )

tired

true

Both professionals like Rodriguez and weekend car enthusiasts enjoy tuning up their vehicles. However, they are really upset over another matter.

Who are Car hobbyist ?

A person who enjoys anything having to do with autos and their mechanisms.

Usually, it's someone who can listen to a lot of automobile discussion without getting bored. These folks frequently participate in community events, TV shows, blogs, forums, games, periodicals, and other activities.

Street racers have dramatically increased as a result of pandemic restrictions. Those drivers have been venting their frustration in risky displays. To get more views, they upload videos to social media.

The answer of the questions are following

1. (d)the increase in street racing and other auto shows

2. (d)He learned that buying a new truck would cost more than he had anticipated.

3. (c) dangerous

(The sentence claims that the limits imposed by the pandemic have increased street racing. The explanation in the next sentence that the drivers were letting off steam by driving recklessly makes sense.)

4. (c) tired .

5.    true.

Learn more about Car hobbyist here

https://brainly.com/question/27043019

# SPJ 5

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed. That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government.”
Source: Thomas Jefferson, President of the United States (1801-1809), The Declaration of Independence, ratified July 4, 1776

Based on this excerpt, Jefferson would most likely agree with which ONE of the following statements?
Select one:

a.
A government is only just if it empowers the rights of all people, including women and minorities

b.
A government is only just if it is based on a hereditary monarchy

c.
A government is only just if the majority of people agree with the government’s decision

d.
A government is only just if the people have a voice in it

Answers

Answer:

A

Explanation:

Its the only one that makes sense and one of my friends got it right on her test

What are the advantages and disadvantages of living in a place where neighbours know each other well?​

Answers

Perhaps one of the most important benefits of getting to know your neighbors is the extra home protection. Because your neighbors know your regular comings and goings, they are more likely to notice someone lurking around.

Answer:

hope it helped

Explanation:

Perhaps one of the most important benefits of getting to know your neighbors is the extra home protection. Because your neighbors know your regular comings and goings, they are more likely to notice someone lurking around

Research into neighbourhood influences on children's outcomes shows that greater levels of neighbourhood socioeconomic disadvantage are associated with increased social, emotional and behavioural problems in children and adolescents. However, most of this research has focused on late childhood and adolescence

Take a few moments to reflect on what you have learned about the U.S. Constitution. Write a brief reflection about what you consider to be the most important aspects of the Constitution. Your reflection should be no more than two paragraphs.

Answers

Answer:

Thank you for the points<33

Which of the following best completes the sentence? Fossil fuels are primarily used __________.

Answers

Answer:

ya that is right

Explanation:

What makes chewing gum acceptable in your country and unacceptable in Singapore?

Answers

Explanation:

Chewing gum is banned in Singapore under the Regulation of Imports and Exports (Chewing Gum) Regulations. ... One of the objectives of the ban was to prevent vandals from using spent chewing gums to disrupt Mass Rapid Transit (MRT) services.Jan 3, 1992

Which of the following is not a reason the government expects citizens to obey laws to keep citizen safe or to limit the freedom of its citizens or to keep the peace or to maintain human rights

Answers

Answer:

to limit the freedom of its citizens :)

Explanation:

I was looking for the same question and found it

Q: The Holy Quran is started with the Surah Al-Fatihah, however it was not first the surah which

Answers

what are you asking about this

justify the quote telling the truth and making someone cry is better than telling a lie and making someone else​

Answers

this is just a quote for the day????

how well does the speaker use the aids?​

Answers

Answer:

Explanation:

Visual aids add impact and interest to a presentation. They enable you to appeal to more than one sense at the same time, thereby increasing the audience's understanding and retention level. With pictures, the concepts or ideas you present are no longer simply words - but words plus images.

What is the force being applied to an object with a mass of 12 khans an acceleration of 4 m/s^2

Answers

Answer:

F=48

Explanation:

F=mass x acceleration

F=12x4

F=48

The current global warming paradigm shift in science is:_________

a. still being debated because only a few researchers believe it
b. will never be accepted by world scientists
c. something that will have serious economic results if we try to curtail global warming.
d. due to the overwhelming majority of scientific studies that have swayed scientists and are now beginning to sway the public that global warming is a serious issue that is affecting us now

Answers

The current global warming paradigm shift in science is due to plenty scientific studies that is beginning to sway the public that global warming is a serious issue.

The answer to this question is option d. Global warming can be described as the excess heat that is contained in the atmosphere globally. This has brought a lost of consequences such as climate change, floods and extreme weather.

It has become an issue today for everybody due to the rate, the reasons they occur, and the effects that are being suffered in the world as a result.

Read more on https://brainly.com/question/2342712?referrer=searchResults

HELP QUICK ILL MARK BRAINLIEST!!

What was the cause of most of the small battles between the French and the English in America?

disagreements over the fur trade
land disputes
war between the French and the English in Europe
trouble started by the Native Americans

Answers

: war between the French and the English in Europe

Which organization in the Federal Reserve System has 12 members and
enforces the Federal Reserve's monetary policy?
O A. The Federal Reserve Treasuries Organization
B. The Federal Reserve Board of Governors
C. The Federal Reserve banks
D. The Federal Open Market Committee

Answers

Answer:

I would say C. The Federal Reserve banks

Explanation:

The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy. The Federal Open Market Committee (FOMC), the 12-member group, that formulates monetary policy for the Federal Reserve System, meets in Washington, D.C., usually eight times a year.  

The Board of Governors of the Federal Reserve System provides oversight to the 12 Reserve Banks and their branches. The Federal Open Market Committee (FOMC), the Fed's monetary policymaking body, is made up of the members of the Board of Governors and presidents of the Reserve Banks.

Eygypts black land was caused by

Answers

When the Nile River flooded into Upper Egypt during summer and Lower Egypt in the fall, it coated the land surrounding the river in a silt. This silt was great for farming, and made the land a very dark color. This is why it was called the black land.

Explaining the Climate of the Arabian Peninsula 60'E Global Climate Zones and the Arabian Peninsula Based on the map, how is the Arabian Peninsula's location connected to its general climate? ASIA 30 N Red Sea Persian Gulf O It is located along the Tropic of Cancer at a latitude where dry climates are common. 30'N O It is located at a longitude that causes its hot and dry climate. O It is located at a latitude that causes its climate to be humid and wet Tropio of Cancer Arabian Peninsula It is located far from the equator, making its climate cool and dry. 20 N 20 N Tropical Dry Temperate Arabian W E Sea 60"E S 45 E​

Answers

Answer:

(A) have a good day U-U

Answer:

(A)The climate would become cooler and wetter.

Explanation:

good luck

What was the radical about the domestication of plants and animals that led to it being referred to as the Neolithic revolution? Can you think of any quality radical changes in substance practice is going on in the world today?

Answers

Answer:

quality ‎substance

Explanation:

sana maka tulong yan sayo hope i help you thank you


ideas to reduce crime in dangerous places like urban areas?

Answers

Answer:

Here are 5 things that can help reduce crimes in places like urban areas

1.Uses and expand drug courts

2.Make use of DNA evidence

3.Monitor public surveillance  cameras

4.Help ex-offendedrs and find secure  living wage employment

5.connect returning prisoners to stable housing

Đổi mới chính trị Việt Nam hiện nay

Answers

Answer:

vui lòng nêu rõ câu hỏi của bạn

Explanation:

how was war on drugs used to reinforce racism?

Answers

drugs are mostly prevalent in low income neighborhoods and the war on drugs happened right after segregation ended so naturally african american people would end up in poorer neighborhoods due to lack of education and lack of job opportunities and will all said black people where far more likely to be Racially profiled and Prosecuted for being in low income neighborhoods due to the over Policing

What type of bond does butter have in the prediction table?

Answers

butter is saturated fatty acid with only single bonds between carbon atoms and has high melting point usually solid at room temperature.

Butter has a covalent bond?

How miscommunication may cause conflict?

Answers

You may tell someone to do one thing but they do the other which causes conflict between you and/or others.

Answer:

if you tell one to do one thing but he or she do another thing

The center of Africa is between which meridians

Answers

Answer:

 Atlantic meridians and the Indian.

The Cold War was mainly an Ideological struggle between the Soviet Union and which country?
• A.
Ukraine
• B.
United States
• C.
Chechnya
• D.
France

Answers

Answer:

the answer is B united states

Both “Lone Dog” and “Playing Robinson Crusoe” are about animals. How are these two poems similar? And Do Y'all Like My Photos And One Of Them Is Not a Fnaf Photo But 3 Of Them Is Fnaf Photos

A) “Lone Dog” compares the behaviors of two types of dogs, while “Playing Robinson Crusoe” compares the life of a cat with that of a dog.


B) “Lone Dog” describes dogs positively, but “Playing Robinson Crusoe” describes good and bad things about cats.

C) Both passages explain what life is like from the point of view of a dog.


D) Both passages discuss the loving relationship between pets and humans.

Answers

Answer:

D Both passages discuss the loving relationship between pets and humans

is ur answer

Answer:

D

Explanation:

How does the chameleon obtain energy from food and gets rid f waste through?

Answers

Answer: While the insects and what the insects eat are primary sources of nutrition, we must also acknowledge the effects of water, sunlight, dust swirling in the air, and heat. It is when we consider all these elements and how they contribute to our chameleon’s health that we start to become holistic keepers. And like the rest of us, it gets rid of the waste as we do.

PLS GIVE BRAINLIEST thanks :)

Food is converted into energy by the digestive system. Leftover waste in chameleons is ejected by the vent, which serves as the reptile counterpart of a mammal's urethra.

What is energy?

Food energy is the chemical energy derived from food by animals to support their metabolism, including muscular activity. Most animals get the majority of their energy through aerobic respiration, which involves mixing carbs, lipids, and acids with oxygen from the air or water.

While insects and the foods they eat are key sources of nutrients, we must also consider the impacts of water, sunshine, dust inside the air, and temperature. It begins to become holistic caretakers when we evaluate all of these components and how they influence the chameleon's health.

Learn more about energy here:

https://brainly.com/question/1932868

#SPJ2

The main reason of Mohammad Ghazni’s invasion was India’s ______.

Answers

The main reason of Mohammad Ghazni’s invasion was India’s To gain possession of the wealth of India.

Mahmud of Ghazni had started his invasions in India during the period when the Rajput power had declined. The two main reasons that led to the conquest of India by Mahmud Ghazni was firstly, to accumulate the vast amount of wealth that existed in India, and secondly, to spread Islam.
Other Questions
horaces speedometer reada 60 miles per hour, but during a road test he finds that he was actually driving 58 mph. what is the percent error in horaces speedometer? Find the slope of the line(2,3) (13,8) Plz help! Due tonightDo you think Bill Clinton should have been impeached? Research (if necessary) and explain with a minimum of 50 words. 21. Three different processes are occurring in the drawing below. Name each process and describe it. How many newtons does a 5-kg backpack weigh on Earth? write notes about the federalist era Stocks and bonds have relatively _____ levels of risk Write 1.5 as a mixed number in the simplest form. Which graph shows the solutions to |x 2| = 2 ? Find the measure of the missing angles What is the equation of the line that passes through the point (6,14) and is parallel to the line with the following equation? y=-4/3x -1 What excuse does Juliet tell Romeo to try to get him to stay longer? what are the basic elements of socialization ? Describe briefly Which symbol correctly compares these fractions?3523= Solve the following quadratic equation. d-5d+6=0 convert -13F into (a) C (b) kelvin Look at the situations and complete the sentences to say what is going to happen. 1. Rani has passed the grade four final exams. She ____________ 2. Mohan has fallen off his bicycle and got badly hurt. People_______ hospital 3. He has sold his old car. He _________ 4. Mr. Thapa has a cinema ticket in his pocket. He _______ film 5. Rupa likes the red sweater on display at the shop. She has enough money for it. She _______ Evaluate f(x)=2x+8 when x=2, x=0, and x=5. Help please and thank you describe a pattern or sequence 5, 3, 1, -1...