Bill and Jen Are the Only Two People in an Economy.Each

question 3

Multiple Choice

Bill and Jen are the only two people in an economy.Each has 10 hours in which they can either make croissants, juice or some combination of both products.In takes Bill 1 hour to make one croissant and one hour to make a litre of juice.It takes Jen 20 minutes to make a croissant and 40 minutes to make a litre of juice.Which statement is true?

• A)Bill has the comparative disadvantage in juice; Jen has the comparative disadvantage in making croissants.
• B)Bill has the comparative advantage in juice production; Jen has the comparative advantage in making croissants.
• C)Bill has the comparative advantage in croissants and juice.
• D)Bill has the comparative advantage in croissants; Jen has the comparative advantage in making juice.
• E)Jen has the comparative advantage in producing both goods.

Recognize the impact of gender on conversational objectives and perceptions.

Understand the role of body language as a form of non-verbal communication.

Recognize the significance of clothing as a form of non-verbal communication.

Analyze the development of gender differences in communication from childhood.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing better budgeting accuracy.

Occupancy Expenses

Costs associated with occupying a space, including rent, utilities, and other maintenance fees.

Client-Visits

The act of meeting with clients or potential clients in person to discuss business, build relationships, or offer support.

Flexible Budget

A flexible budget that varies with activity levels or volume, enabling more precise budgeting and analysis of discrepancies.