A commercial fisherman notices the following relationship between hours spent fishing and the quantity of fish caught:
Hours Quantity of Fish (lb)
0 0
1 10
2 18
3 24
4 28
5 30
a. What is the marginal product of each hour spent fishing?
b. Use these data to graph the fisherman's production function. Explain its shape.
c. The fisherman has a fixed cost of $10 (his pole). The opportunity cost of his time is $5 per hour Graph the fisherman's total-cost curve. Explain its shape.

Answers

Answer 1

The marginal product of each hour spent fishing can be calculated by dividing the change in the quantity of fish caught by the change in the number of hours spent fishing.

For example, if the fisherman catches 10 fish in 2 hours and 15 fish in 3 hours, the marginal product of the third hour would be (15-10)/(3-2) = 5 fish per hour.

The fisherman's total cost includes his fixed cost of $10 (his pole) and his opportunity cost of $5 per hour spent fishing. Therefore, the total cost for fishing x hours can be calculated as TC = $10 + $5x.

Graphing this function, we see that it is a straight line with a slope of $5 (representing the opportunity cost) and a y-intercept of $10 (representing the fixed cost).

This means that as the fisherman spends more time fishing, his total cost increases linearly. The shape of the total cost curve is a straight line, which indicates that the fisherman's costs are increasing at a constant rate for each additional hour spent fishing.

Overall, understanding the marginal product of each hour spent fishing and the total cost curve is important for the fisherman to make informed decisions about how much time to spend fishing and how many fish he can expect to catch.

By considering these factors, he can optimize his fishing efforts and maximize his profits.

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Related Questions

Write 9.58 times 10^(2) in standard notation. pls help!


its math btw

Answers

the answer to ur question is 958

liminating forex risk is not possible using futures and forwards because international money markets do not recognize the risk insurance allocation from foreign banks. true or false

Answers

Eliminating forex risk is not possible using futures and forwards because international money markets do not recognize the risk insurance allocation from foreign banks is False.

What does forex mean?

The foreign exchange market, sometimes referred to as the forex market or the FX market, is an international exchange where national currencies can be traded. Due to the global nature of trade, business, and finance, FX markets are frequently the biggest and most liquid asset markets on the planet. Exchange rate pairs are used to compare currencies.

What is the process?

Speculating on foreign exchange rates in order to gain financial gain is known as forex trading. Since currencies are traded in pairs, when a trader exchanges one currency for another, they are making a prediction about whether one currency will appreciate or depreciate in value relative to the other.

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Business started by sulav investing cash
RS. 50,000 and bank balance RS. 100,000.​

Answers

Answer:

particular. l.f. Dr.rs. Cr. rs

cash A/C. 50,000

BANK A/C 100,000

TO CASH A/C. 150,000

Business started by sulav investing cash Rs. 50,000 and bank balance Rs. 100,000 so the cash account on 150,000.

What is business?

The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.

According to the business are the started by the investing cash are the bank balance to the bank are the based on the journal entry.

The journal entry on the statement on the business.

Date particular l.f.  Dr. Cr.

cash a/c 50,000

Bank a/c 100, 000

                     To cash a/c 150, 000

As a result, business started by sulav investing cash Rs. 50,000 and bank balance Rs. 100,000 so the cash account on 150,000.

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How can businesses entice Face book users to interact with them on Face book?

Answers

Answer:

i mean they could bribe or like start selling stiff on there to get peoples attention

In which situation would a savings account be the best investment to earn interest?
Osaving for retirement in 20 years
O saving to buy a new car in three years
O saving to buy a new house in seven years
O saving to easily access the money when needed

Answers

Answer:

Explanation:

A savings account would be the best investment to earn interest if you are saving to easily access the money when needed.Savings accounts are designed to offer a safe place to store your money and earn interest on your balance. They typically offer easy access to your funds, with no penalty for making withdrawals. However, savings accounts usually have lower interest rates compared to other investment options, such as stocks or bonds.For long-term savings goals such as retirement or buying a house, other investment options such as stocks or mutual funds may offer higher returns over the long run. However, these options come with higher risks and are typically not as easily accessible as a savings account.For short-term savings goals such as buying a car in three years, a savings account can also be a good choice since you'll want to have the money available when you need it, and you don't want to risk losing it in the stock market.Overall, a savings account is a good option for saving money that you may need to access in the near future, and it offers a lower risk and more stable return compared to other investment options.

A  savings account is the best investment to earn interest is saving to easily access the money when needed. Thus the correct option is D.

What is the interest rate?

Interest rate refers to the amount charged by the bank when lending any money to the borrower. The borrower has to repay the loan amount based on this interest rate along with the principal amount.

Savings money is typically deposited into interest-bearing accounts where the risk of losing your initial investment is low. You can store money in savings accounts while getting a meager interest return.

The optimal investment choice for you will depend on your personal financial objectives and risk tolerance. It could be a good idea to speak with a financial counselor if you are unclear about the investment option to select.  

Therefore, option D is appropriate.

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difference betwee auditor and finance managys​

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Answer:

Image result for difference between auditor and finance manager

Auditor ensures that the businesses are saved from any fraud by highlighting any discrepancies undertaken in accounting methods whereas a Finance manager provide with accurate and detailed financial reports which are vital for the profitability of the business.

Explanation:

How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?

Answers

The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.

What is housing industry?

An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.

Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,

Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc

In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.

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a stock has a correlation with the market of 0.61. the standard deviation of the market is 30%, and the standard deviation of the stock is 31%. what is the stock's beta?

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a stock has a correlation with the market of 0.61. the standard deviation of the market is 30%, and the standard deviation of the stock is 31%. the stock's beta is 0.63.

In arithmetic and data, the deviation is a measure of the difference between the observed fee of a variable and a few other costs, often that variables suggest. The signal of the deviation reports the route of that difference (the deviation is high-quality whilst the determined cost exceeds the reference value). The importance of the value indicates the scale of the distinction. A deviation that may be a distinction between a found fee and the true price of an amount hobby (where genuine price denotes the anticipated cost, along with the population mean) is an error. A deviation that is the distinction between the determined value and an estimate of the real cost (e.G. The sample suggest; the expected value of a pattern can be used as an estimate of the anticipated price of the population) is a residual. These ideas are relevant to facts in the c programming language and ratio tiers of dimension.

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Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?

Answers

Answer: I hate Trump and would make him eat tortilla chip vertically :/

Explanation:

Explain the word taxation.​

Answers

Taxation is the practice of a government collecting money from its citizens to pay for public services, taxation is practice of collecting taxes (money) from citizens based on their earnings and property

The combination of advertising, personal selling, public relations, and sales promotions that a firm uses to develop customers is known as

Answers

The combination of advertising, personal selling, public relations, and sales promotions that a firm uses to develop customers is known as promotional mix.

What is promotional mix?

Promotional mix consist of all activities such as advertising, personal selling in order to promote immediate sales.

They are collections of tools an organization uses for its promotional purpose with the ultimate objective of attracting customers and increasing sales. It is a blend of promotional variables chosen by marketers to help a firm reach its goals.

The elements that make up promotional mix are:

Sales promotionPublic relationsPersonal sellingAdvertising.

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What is a mass number​

Answers

The Mass Number also called atomic mass number or nucleon number, is the total number of protons and neutrons in an atomic nucleus. It is approximately equal to the atomic mass of the atom expressed in a atomic mass units.

your grandmother tells you a dollar doesn't go as far as it use to. she says the "purchasing power" of a dollar is much less than it used to be. explain what she means. try to use and explain terms like inflation and deflation in your answer

Answers

Back then. A dollar was worth WAYYYYY more than it is now. back then you could buy a lollipop for a like a penny. However as time went on we went through deflation and prices went down

why do private sector firms seeking profit will allocate scarce resources to the production of goods and services and will it be able to make good quality products for consumers?

Answers

Answer:

Markets use prices as signals to allocate resources to their highest valued uses. ... Businesses also have dual roles—they supply goods and services and demand resources. The interaction of demand and supply in product and resource markets generates prices that serve to allocate items to their highest valued alternatives.

Explanation:

Hope this helped.. ;)

what does it mean to say that free markets are efficient?

Answers

Although a free market economy is regarded to be the most effective type of economy, it is not seen in its most full form anyplace on the planet. Countries, on the other hand, have large public sectors that provide some services.

What elements contribute to the efficiency of a free market?

As according market efficiency theory, a pricing equilibrium is reached in fully competitive marketplaces whenever the marginal cost of producing an item or service matches the marginal benefit buyers gain from them. Market efficiency is one of the most compelling reasons in favor of market liberalization.

Many economists believe that resource allocation in a free market is Pareto-efficient, which indicates that no one can be made better off without making others worse off, given specified circumstances (such as the absence of externalities or side effects, as well as informational asymmetries or knowledge gaps, to name a few.).

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A fixed, annual rate of pay that doesn't change by working more or fewer hours is called _________.
salary
outcome
tax

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A fixed, annual rate of pay that doesn't change by working more or fewer hours is called a salary.

This is a predetermined amount of money that an employee earns for a set period of time, typically a year, regardless of how many hours they work during that time. A salary is often used for professional or management positions where the employee is expected to work a set number of hours each week or month, and overtime is not expected. This is in contrast to hourly pay, where the employee is paid based on the number of hours worked.

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This graph compares the cost of an education at different institutions in Texas.

A graph titled The Cost of Tuition in Texas from 2012 to 2013 has type of school on the x-axis, and yearly cost in thousands of dollars on the y-axis. Public 4-year university is about 7,000, and private 4-year is 23,000. Public community college is 2,000, and private community college is 9,000. Technical school is 4,000.

This graph demonstrates that

private universities can cost three times as much to attend as public universities.
public universities can cost three times as much to attend as private universities.
community colleges can cost five times as much to attend as technical schools.
technical schools can cost five times as much to attend as community colleges.

Answers

Answer:

private universities can cost three times as much to attend as public universities.

Explanation:

Private universities are more expensive to attend compared to public universities. As per the graph, the public university is cost 7,000 while private university costs 23,000 to attend.  It is then correct to say that private universities cost more than three times as public universities ( 23,000/7,000= 3.29).

Community college costs 9000, while technical schools cost 4000; the cost is not five times more.

Technical schools 4,000 and community colleges are 9000; the costs are only two and a half more.

The graph is a pictorial representation of the data given.

The graph shows the relationship between two quantities whether it is linear or inversely proportional etc.

The given graph depicts that:

Private universities can cost three times as much to attend as public universities.

The given data tells that

                                         Costs

                                a)Public                 b)  Private

University                7000                        23000

College                    2000                        9000

Dividing b by a gives

23000/7000=3.286

9000/200= 4.5

Choice b public universities can cost three times as much to attend as private universities is incorrect.

Choice c community colleges can cost five times as much to attend as technical schools  is also incorrect.

Choice d technical schools can cost five times as much to attend as community colleges is incorrect as well.

The best answer from the given choices is option a: private universities can cost three times as much to attend as public universities.

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How do you think the narrator of the story will pay off credit card debt? What might the federal government have to do to pay off some of its debt?

Answers

To pay off some of its debt, the federal government could implement a combination of measures such as:Increase revenue: The government could increase taxes on individuals and businesses to generate more revenue.

Reduce spending: The government could cut spending in areas such as defense, healthcare, and social welfare programs. This could be done by eliminating redundant programs, reducing the size of the military, or reducing the number of government employees.Sell assets: The government could sell off assets that are no longer needed, such as unused land or buildings, to generate additional revenue.Borrow at lower interest rates: The government could attempt to refinance its debt at lower interest rates to reduce the cost of its debt.Inflation: Inflation can erode the real value of the debt, making it easier to pay off.

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QUESTION 8 of 10: What is a focus group?

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what's a focus group, well it's a group that focus

Trisha is working on putting together pictures of all of the best wedding cakes that
she has decorated and designed throughout her culinary career. She is hoping this compilation will help her get a job at the catering company that she has been wanting to work at for years. What is Trisha putting together to show her potential employer?
A. portfolio
B. resume
C. work visa
D. letter of intent

Answers

Answer:

A. Portfolio Is the Anwser to the Question

kindly assist with research
my topic
The newly implemented e-payslip is not inclusive to all employees of the government.
what is the problem?
why is it the problem?
3 things that should be done to solve the problem?

Answers

The problem in the topic is the newly implemented e-payslip is not inclusive to all employees of the government. The reason why this is a problem is because it can cause dissatisfaction and confusion among employees who do not have access to the e-payslip.

Also, the e-payslip system may not be accessible or user-friendly for all employees who are supposed to use it.

Here are three things that should be done to solve the problem:

1. Conduct research: Research should be conducted to find out which employees are not included in the e-payslip system and why. This can help identify any technical or logistical problems that may be preventing some employees from using the system.

2. Increase accessibility: Steps should be taken to increase the accessibility of the e-payslip system so that all employees can use it. This may involve providing training and support to employees who are not familiar with using digital systems.

3.Improve communication:

Clear communication should be provided to all employees about the e-payslip system, including how to access it, how to use it, and how it benefits them. This can help address any confusion or dissatisfaction among employees who are not currently using the system.

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a large, expensive capital product, such as the corvette manufacturing plant in kentucky and cumberland mall, is called a(n): structural product installation integral part emplacement component part

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A large, expensive capital product or good, such as the corvette manufacturing plant in Kentucky and Cumberland mall, is called an installation. Thus, the correct answer is installation.

What is a capital product?

Capital goods or capital products are physical assets that a company uses in the manufacturing process to create products and services that consumers will use later. Buildings, machinery, and equipment, are examples of capital goods. Capital goods are not finished goods; rather, they are used in the production of finished goods.

Installation is a large piece of equipment installed for use.

The large and expensive capital product such as the corvette manufacturing plant will be called an installation.

Therefore, the capital product corvette manufacturing plant in Kentucky and Cumberland mall is called an installation.

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A watch manufacturer could sell its product for $2,000 per unit but wants a 40% margin on sales ("margin on sales") Your target cost should be Multiple Choice $400 English T USIU THER $600 $1.200 $000

Answers

Since the selling price is $2,000 per unit, the desired profit would be 40% of $2,000, which is $800. The target cost should be $1,200 per unit. The correct option is C.

Target cost is the estimated or predetermined cost that a company or organization aims to achieve for a product or service in order to meet specific profitability goals. It is the cost at which a product must be manufactured or a service must be delivered to maintain a desired profit margin or to be competitive in the market.

The target cost takes into consideration various factors such as desired profit margin, market demand, pricing strategies, and cost structures.

Thus, the ideal selection is option C.

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The capability of human beings to pursue collective action is evidence of which sociological assumption?

Answers

The capability of human beings to pursue collective action is evidence of several sociological assumptions, including the social nature of humans, the existence of shared norms and values, and the importance of social institutions.

Firstly, it is a fundamental sociological assumption that humans are social beings. We are inherently inclined to form connections and engage in social interactions. This social nature enables us to come together and collaborate towards common goals through collective action. Whether it's participating in social movements, joining organizations, or engaging in community initiatives, humans have a natural tendency to seek collective solutions to shared challenges.

Secondly, collective action is evidence of the existence of shared norms and values within societies. Norms are shared expectations and guidelines for behavior, while values represent the beliefs and principles held by a group or society. Collective action often arises when individuals identify with a particular set of norms and values and seek to promote or defend them. For example, social movements advocating for civil rights or environmental conservation are driven by shared norms and values that guide their collective actions.

Lastly, collective action highlights the significance of social institutions in shaping and organizing human behavior. Social institutions, such as governments, religious organizations, and educational systems, provide the structure and mechanisms through which collective action can occur. These institutions establish rules, procedures, and channels of communication that facilitate coordination and cooperation among individuals pursuing collective goals.

In conclusion, the capability of human beings to engage in collective action provides evidence for several sociological assumptions, including the social nature of humans, the presence of shared norms and values, and the role of social institutions in facilitating collective endeavors. Understanding and examining these assumptions allows sociologists to explore the dynamics of collective action, its impact on society, and the factors that influence its success or failure.

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Channel Tunnel Inc. plans to build an additional 23-mile-long tunnel under the English Channel for added train service. The cost (NINV) of the tunnel is expected to be $3.9 billion. Net cash inflows are expected to equal $817 million per year. How many years must the firm generate this cash inflow stream for investors to earn their required 20 percent rate of return? Use Table IV to answer the question. Round your answer to the nearest whole number. years

Answers

To determine the number of years required for investors to earn their required 20 percent rate of return on the investment in the additional tunnel under the English Channel, we need to calculate the payback period. The payback period is the time it takes for the net cash inflows to recover the initial investment cost. In this case, the initial investment cost is $3.9 billion, and the net cash inflow is $817 million per year.

The payback period can be calculated by dividing the initial investment cost by the annual net cash inflow. In this case:

Payback Period = Initial Investment Cost / Annual Net Cash Inflow

Payback Period = $3.9 billion / $817 million per year

Payback Period ≈ 4.77 years

To earn their required 20 percent rate of return, the firm must generate the cash inflow stream for approximately 4.77 years. However, since the payback period is usually rounded to the nearest whole number, the answer is rounded to 5 years.

Therefore, the firm must generate the annual cash inflow stream of $817 million for approximately 5 years for investors to earn their required 20 percent rate of return on the investment in the additional tunnel under the English Channel.

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In 2018, Muhammad purchased a new computer for $16,000. The computer is used 100% for business. Muhammad did not make a § 179 election with respect to the computer. He does not claim any available additional first-year depreciation. If required, round your answers to the nearest dollar. Click here to access the depreciation tables to use for this problem. If Muhammad uses the regular MACRS method, then his cost recovery deduction for 2018 for computing taxable income is $ and for computing his alternative minimum tax is $

Answers

Depreciation for calculating alternate minimum tax is 1600$
Depreciation for calculating taxable income is 3200$

Explanation:                                                                                                                                

cost recovery:
There are three types of cost recovery system, depreciation depletion and amortization. They basically reduce the basis of the underlying asset. Though, they do the same thing, allocation of cost of underlying asset to multiple accounting periods, depending on the category of assets they represent, cost recovery system is determined. Each system has its own set of rules and procedures. cost allowance is an expenditure and reduces basis of the asset.

Computer is five year class asset. Depreciation for calculating taxable income under GDS is                  
Depreciation=basis x rate of depreciation
=16000x20%
=3200$
Depreciation for calculating taxable income is 3200$        


Computer is five-year class asset. Depreciation for calculating alternate minimum under ADS is
Depreciation=basis x rate of depreciation
=16000x10%
=1600
Depreciation for calculating alternate minimum tax is 1600$

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For computing taxable income, Muhammad's cost recovery deduction for 2018 is $4,945; for computing his alternative minimum tax, it is $32,00.

To calculate Muhammad's cost recovery deduction for 2018 for computing taxable income, we need to use the MACRS Accelerated Depreciation method. According to the MACRS tables, for a computer with a 3-year recovery period, the depreciation rate for the first year is 33.33%.

Therefore, the cost recovery deduction for 2018 is 33.33% of $16,000, which is $4,945. To calculate Muhammad's cost recovery deduction for 2018 for computing his alternative minimum tax, we need to use the Straight Line Depreciation method.

According to the MACRS tables, for a computer with a 3-year recovery period, the depreciation rate for the first year is 20%. Therefore, the cost recovery deduction for 2018 is 20% of $16,000, which is $32,00.

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The purpose of stock valuation isGroup of answer choicesof limited value, since the efficient market hypothesis proves that all common stock is always fairly priced.to find common stocks whose market price equals the intrinsic value.to determine whether the common stock's value is fairly represented by its market price.to set the fair market price for a given common stock.

Answers

To determine whether the value of the common stock is fairly represented by its market price.

PMBOK Knowledge area of Quality Management has 2 process, please explain in your own words at least two

Answers

One of the processes in the PMBOK (Project Management Body of Knowledge) knowledge area of Quality Management is "Plan Quality Management."

In this process, the project team identifies the quality objectives and determines the necessary actions and resources to achieve them. It involves developing a quality management plan that outlines the quality standards, metrics, and processes to be used throughout the project.

Another process is "Perform Quality Assurance." This process focuses on executing the quality management plan and ensuring that the project activities comply with the defined quality standards. It involves evaluating project performance and deliverables, conducting audits, and implementing necessary improvements to enhance the overall quality of the project.

In summary, the "Plan Quality Management" process establishes the framework for quality management, while the "Perform Quality Assurance" process monitors and verifies adherence to the established quality standards and implements corrective actions when necessary.

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fees for service are determined by which of the following?
Each bank

Each transaction

Each customer

Each branch of bank​

Answers

Answer:

Each bank

Explanation:

Banks offer various types of services to customers such as funds transfers, check clearance, foreign exchange, among many others. Since the services are offered by the bank, it is the bank that charges the service fees. The banks also determine the amount of fees to charge per service.

Typically, a bank will apply uniform charges across all its branches. The charges for different services are determined by the bank's top management and apply to all its branches in a country.

1. Complete as frases com a forma correta do verbo to be (am, is, are)
a) She
b) They
studying maths
having breakfast
drinking lemonade.
d) it
raining at the moment.
e) You
sitting in my chair.
listening to music
f) He
g) My sister
doing her homework.
h) Her children
making dinner.​

Answers

Complete Question:

Complete the sentences with the correct form of the verb to be (am, is, are).

Answer:

a) is.

b) are.

c) am.

d) is.

e) are.

f) is.

g) is.

h) are.

Explanation:

A verb is one of the parts of speech in English language. Verbs can be defined as any word that describes an action, occurrence, or state of existence. Some examples of verb are dance, sing, walk, play, run, sit, etc.

A present continuous tense is simply used to describe an action that is being performed at the moment (on-going) or an unfinished action.

Completing the sentences with the correct form of verb, we have;

a) She is studying maths.

b) They are having breakfast.

c) I am drinking lemonade.

d) It is raining at the moment.

e) You are sitting in my chair

f) He is listening to music.

g) My sister is doing her homework.

h) Her children are making dinner.

Other Questions
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