The reason why Martha Stewart does not iron her own clothes is that:
A) she has never learned how to iron.
B) she has a comparative advantage in ironing.
C) she does not have an absolute advantage in ironing.
D) her opportunity cost of ironing exceeds the person's wages providing the ironing service.

Question

Quizplus · Accepted Answer

Martha Stewart most likely has a busy schedule, and the opportunity cost of spending her time ironing her own clothes is higher than the wages she pays someone else to do it for her. This means that she can use her time more efficiently by focusing on her other tasks, such as running her business or creating new recipes. Therefore, it makes economic sense for her to hire someone to do her ironing.

The Reason Why Martha Stewart Does Not Iron Her Own