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Mark Is a Computer Company Executive, and Earns $200 Per

question 176

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Mark is a computer company executive, and earns $200 per hour managing the company and promoting its products. His daughter Regan is a high school student, and earns $6 per hour helping her grandmother on the farm. Mark's computer is broken. He can repair it himself in one hour. Regan can repair it in 10 hours. Mark has a comparative advantage repairing the computer.


Definitions:

Quantities

Numerical amounts or values that represent the extent, size, or number of something.

Symbols

Abstract units of information that stand for or represent objects, ideas, or actions, forming the basis of human communication and thought.

Number Words

Words that denote numbers, allowing for the expression and communication of quantities.

Specific Quantities

Quantities that are clearly defined or precise, not vague or general.

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