Scenario: Meryl and Steve are two classmates who form a study group. The graph below shows the production possibilities curves for each of them.

-Refer to the scenario above.________ has absolute advantage in doing Econ homework assignments,and ________ has absolute advantage in writing lab reports.

Question

Scenario: Meryl and Steve are two classmates who form a study group. The graph below shows the production possibilities curves for each of them.
 
-Refer to the scenario above.________ has absolute advantage in doing Econ homework assignments,and ________ has absolute advantage in writing lab reports.

Quizplus · Accepted Answer

Meryl has an absolute advantage in doing Econ homework assignments because she can do them in 2 hours, while Steve takes 3 hours. Steve has an absolute advantage in writing lab reports because he can do them in 1 hour, while Meryl takes 2 hours.

Scenario: Meryl and Steve Are Two Classmates Who Form a Study