Molly needs 30 minutes to wash the car and 45 minutes to mow the lawn.Renee needs 1 hour to wash the car and 2 hours to mow the lawn.Which of the following statements is correct?
A) Molly has an absolute advantage in washing the car;Renee has an absolute advantage in mowing the lawn.
B) Molly has an absolute advantage in mowing the lawn;Renee has an absolute advantage in washing the car.
C) Molly has an absolute advantage in both tasks.
D) Renee has an absolute advantage in both tasks.
E) Neither woman has an absolute advantage in washing the car.
Correct Answer:
Verified
Q82: Bill can cook dinner in 45 minutes
Q83: The principle of comparative advantage states that
A)
Q84: Q85: Figure 2-12 Q86: Q88: Q89: If Japan could produce more steel in Q90: A person has a comparative advantage if Q91: Figure 2-12 Q92: Maximizing output by following the principle of Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)
