Michael takes 10 minutes to iron a shirt and 20 minutes to type a paper. Aiden takes 10 minutes to iron a shirt and 30 minutes to type a paper. Which of the following statements is correct?
A) Aiden has a comparative advantage in ironing.
B) Aiden has a comparative advantage in typing.
C) Michael has a comparative advantage in ironing.
D) Neither can gain from specialization and exchange.
Correct Answer:
Verified
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