Eric and Deborah are partners at a law firm. They are trying to determine which of them has a comparative advantage in typing the 25 pages required for a sales pitch to a prospective client.
Eric can type 20 pages per hour. For other activities, he can bill clients $500 per hour. Eric's opportunity cost of typing pages isper page.
Deborah's opportunity cost of typing pages is 25% lower than Eric's. However, as the senior partner, her billing rate is 20% higher. Based on all of these facts,has a comparative advantage in typing pages.
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Ответ:
Eric's opportunity cost of typing pages is $25 per page.
Based on all of these facts, Deborah has a comparative advantage in typing pages.
Explanation:
Eric's opportunity cost of typing is $500 / 20 pages = $25 per page.
Since's Deborah's opportunity cost of typing pages is 20% less than Eric's, then she has a comparative advantage in typing pages.
The person, business or country with the lowest opportunity cost has the comparative advantage in producing that good.
Ответ:
Actually the formula of the circumference is Pi multiplied to diameter; where the diameter is equal to twice the radius.
C = π d
d = 2 r
C = π * 2r
If we need to find the radius from the Circumference then
r = (C / π) / 2
You must differentiate Pi from the number 2 because 2 is part of the radius. This is also to avoid confusion.
For example: r = 5 ; π - 3.14; find the circumference
C = π * 2r
C = 3.14 * (2*5)
C = 3.14 * 10
C = 31.40
If the circumference is given and the radius is missing, then,
r = (C/π) / 2
r = (31.4 / 3.14) / 2
r = 10 / 2
r = 5