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Author Question: Mike can wash a car in 5 minutes and wax a car in 15 minutes. Tony can wash a car in 10 minutes and ... (Read 99 times)

tichca

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on: Jun 30, 2018
Mike can wash a car in 5 minutes and wax a car in 15 minutes. Tony can wash a car in 10 minutes and wax a car in 20 minutes. Which of the following is true?
 a. Mike can wash a car faster and has comparative advantage in washing cars.
  b. Mike can wax a car faster and has comparative advantage in waxing cars.
  c. Tony can wash a car faster and has comparative advantage in washing cars.
  d. Tony can wax a car faster and has comparative advantage in waxing cars.

Question 2

If productivity of an economy increases then:
 a. the amount of goods and services produced by a worker per hour increases.
  b. the labor force increases.
 c. the real GDP per capita decreases.
 d. the labor force decreases.


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CAPTAINAMERICA

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


tichca

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

xiaomengxian

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Reply 3 on: Yesterday
Wow, this really help

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