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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 10
Once again, in an hour, David can wash 2 cars or mow 1 lawn, and Ron can wash 3 cars or mow 1 lawn. Who has the comparative advantage in car washing, and who has the comparative advantage in lawn mowing?
A) David in washing, Ron in mowing.
B) Ron in washing, David in mowing.
C) David in washing, neither in mowing.
D) Ron in washing, neither in mowing.
A) David in washing, Ron in mowing.
B) Ron in washing, David in mowing.
C) David in washing, neither in mowing.
D) Ron in washing, neither in mowing.
Explanation
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Comparative advantage refers to the abil...
Essentials of Economics 7th Edition by Gregory Mankiw
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